# EDGAR Filing Document

**Accession Number:** 0002041358
**File Stem:** 0001193125-25-189855
**Filing Date:** 2025-8
**Character Count:** 1687343
**Document Hash:** a7b6de375df37de8c03948621f61367c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-189855.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001193125-25-189855

**CONFORMED SUBMISSION TYPE**: N-4/A

**PUBLIC DOCUMENT COUNT**: 105

**CONFORMED PERIOD OF REPORT**: 20250902

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** USL Separate Account RS
- **CENTRAL INDEX KEY:** 0002041358

**ORGANIZATION NAME:**
- **EIN:** 135459480
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-4/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24014
- **FILM NUMBER:** 251266356

**BUSINESS ADDRESS:**
- **STREET 1:** 1133 AVENUE OF THE AMERICAS
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 2125515440

**MAIL ADDRESS:**
- **STREET 1:** 1133 AVENUE OF THE AMERICAS
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** USL Separate Account RS
- **CENTRAL INDEX KEY:** 0002041358

**ORGANIZATION NAME:**
- **EIN:** 135459480
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-4/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-283466
- **FILM NUMBER:** 251266355

**BUSINESS ADDRESS:**
- **STREET 1:** 1133 AVENUE OF THE AMERICAS
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 2125515440

**MAIL ADDRESS:**
- **STREET 1:** 1133 AVENUE OF THE AMERICAS
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

## Series and Classes Contracts Data

### USL Separate Account RS (Series ID: S000090299)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000257288 | Portfolio Director NY 1.40 - 12.40 |  |

?xml version='1.0' encoding='ASCII'? N-4/A

**File Nos. 333- 283466**

**811-24014**

------

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

------

**Form N-4**

**REGISTRATION STATEMENT**

**UNDER**

**THE SECURITIES ACT OF 1933** 

Pre-Effective Amendment No. 1 [X] <br> Post-Effective Amendment No. []

and/or

**REGISTRATION STATEMENT**

**UNDER**

**THE INVESTMENT COMPANY ACT OF 1940** 

Amendment No. 3 [X]

**(Check Appropriate Box or Boxes)**

------

**USL Separate Account RS** 

*(Exact Name of Registrant)*

**THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK**

*(Name of Depositor)*

**1133 Avenue of the Americas, 33rd Floor, New York, NY 10036** 

*(Address of Depositor's Principal Offices) (Zip Code)*

**Depositor's Telephone Number, including Area Code: (713) 831-3575**

**Johnpaul S. Van Maele**

**The United States Life Insurance Company in the City of New York**

**2919 Allen Parkway, Houston, Texas 77019**

*(Name and Address of Agent for Service for Depositor, Registrant and Guarantor)* 

Approximate Date of Proposed Public Offering: As soon as practicable after effective date of the Registration Statement

It is proposed that this filing will become effective:

☐ 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.

Check each box that appropriately characterizes the Registrant:

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

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

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

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

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

The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective

------

date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.

*Title of Securities Being Registered:* Units of interest in USL Separate Account RS of The United States Life Insurance Company in the City of New York under variable annuity contracts.

------

**The United States Life Insurance Company in the City of New York**

**USL Separate Account RS**

**Units of Interest Under Group Variable Deferred Annuity Contracts With Fixed Funding**

**Portfolio Director**<sup>®</sup> **NY**

**For Series 1.40 to 14.40**

September 2, 2025

**Prospectus** 

The United States Life Insurance Company in the City of New York ("USL" or the "Company") offers certain series of Portfolio Director NY ("Portfolio Director") comprising group variable deferred annuity contracts for Participants who receive certificates or contracts in certain employer-sponsored qualified retirement plans (the "Contracts"). The Contract is also available as a non-qualified contract for certain employer plans or certain after-tax arrangements. The Contracts permit Participants to invest in and receive retirement benefits in one or more Fixed Account Options and/or an array of Variable Investment Options described in this prospectus Your Contract is part of your employer's retirement program, and that program will describe which Variable Investment Options are available to you. A Contract that is a tax-deferred annuity that is part of your employer's retirement plan may have Variable Investment Options that are invested in Mutual Funds available to the public. If your Contract is a tax-deferred, non-qualified annuity that is not part of your employer's retirement plan, those Variable Investment Options that are invested in Mutual Funds available to the public outside of annuity contracts, life insurance contracts, or certain employer-sponsored retirement plans will not be available within your Contract. Please see *Appendix A* of this prospectus for more information about the Variable Investment Options available within this Contract.

The Contract may be used where you have engaged an investment adviser to provide investment advice regarding the periodic allocation of investments within the Contract. We call this an "Advisory Program." We require that the investment adviser must be our affiliate VALIC Financial Advisors, Inc. ("VFA"), a registered investment adviser. VFA will charge a fee for such services, and any fee is in addition to the Contract's fees and expenses. Advisory Program fees deducted from the Contract may reduce the death benefit and annuity benefits, and may be subject to surrender charges, federal and state income taxes and a 10% federal penalty tax.

Any guarantees under the Contract, including the death benefit, that exceed the value of your interest in the USL Separate Account RS ("Separate Account") are paid from our General Account, which is the Company's account and includes any amounts you allocate to Fixed Account Options including any interest credited thereon. Therefore, any amounts that we may pay under the Contract in excess of your interest in the Separate Account are subject to our financial strength, claims-paying ability and our long-term ability to make such payments.

**This prospectus provides information employers and Participants should know before investing in the Contracts and will help each make decisions for selecting various investment options and benefits. Please read and retain this prospectus for future reference.** 

This prospectus describes five (5) different classes of the Contract. We call these classes "series" in the Contract and in marketing materials. There are differences among the series with respect to surrender charges, other fees and charges, restrictions, and features. Each series is offered to certain group plans or through certain markets. For more information about the series available within this Contract, see "*General Information – About the Series*" below.

The owner of a group Contract (meaning an employer purchasing the Contract for a retirement plan) may cancel a newly purchased Contract within 20 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total Contract value. You should review this prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply. The right of cancellation under this Contract does not apply to Participants in a group plan except in a limited number of states.

**USL may limit, refuse to accept or cease accepting Purchase Payments in the Contract or in a Fixed Account Option with advance notice. This means that you would no longer be able increase your Contact value, death benefit, or any living benefits through Purchase Payments. See "*Variable Investment Options and Fixed Account Options*" below.**

**The Contract is a complex investment and involves risks that may cause the value of the Contract Owner's investment to fluctuate including a potential loss of principal. When the Contracts are surrendered, the value may be higher or lower than the Purchase Payments. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash.**

**The Securities and Exchange Commission ("SEC") has not approved or disapproved these securities or passed upon the adequacy or accuracy of this Prospectus. Any representation to the contrary is a criminal offense.** 

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

------

**Table of Contents**

------

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

---

| | |
|:---|:---|
|  | **Page** |
| **[Glossary of Terms](#xx_af556426-5b60-4ae3-9edb-bf2706bebf9f_1)** | 4  |
| **[Important Information You Should Consider About the](#xx_5fc1f114-3a71-4568-8601-e140d72db45b_1)**<br> **[Contract](#xx_5fc1f114-3a71-4568-8601-e140d72db45b_1)**<br>| 6  |
| **[Overview of the Contract](#xx_aefb9dd6-e9e7-4339-a453-0235a419ad4d_1)** | 10  |
| [Purpose of the Contract](#xx_aefb9dd6-e9e7-4339-a453-0235a419ad4d_1) | 10  |
| [Phases of the Contract](#xx_aefb9dd6-e9e7-4339-a453-0235a419ad4d_1) | 10  |
| [Contract Features](#xx_aefb9dd6-e9e7-4339-a453-0235a419ad4d_1) | 10  |
| **[Fee Tables](#xx_0e883b26-af2b-4a27-bb81-3c5c580c3fd2_1)** | 12  |
| **[Principal Risks of Investing in the Contract](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_1)** | 16  |
| **[General Information](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_2)** | 17  |
| [About the Contracts](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_2) | 17  |
| [About the Series](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_3) | 18  |
| [About USL](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_3) | 18  |
| [About USL Separate Account RS](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_3) | 18  |
| [Units of Interest](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_4) | 19  |
| [Distribution of the Contracts](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_4) | 19  |
| [Administration of the Contracts](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_5) | 20  |
| **[Variable Investment Options and Fixed Account Options](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_5)** | 20  |
| [Variable Investment Options](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_5) | 20  |
| [Fixed Account Options](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_6) | 21  |
| [Impact of Advisory Program Fees](#xx_884ad8b5-5bfa-4888-aaee-92bf54ab517f_7) | 22  |
| **[Purchase Period](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_1)** | 23  |
| [Account Establishment](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_1) | 23  |
| [When Your Account Will Be Credited](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_1) | 23  |
| [Purchase Units](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_2) | 24  |
| [Calculation of Value for Fixed Account Options](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_2) | 24  |
| [Calculation of Value for Variable Investment Options](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_2) | 24  |
| [Stopping Purchase Payments](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_3) | 25  |
| [Impact of Deduction of Advisory Program Fee on](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_3)<br> [Purchase Payments](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_3)<br>| 25  |
| **[Advisory Program](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_3)** | 25  |
| [Advisory Agreement and Fees](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_3) | 25  |
| [Reallocations](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_4)[& Transfer Instructions](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_4) | 26  |
| [Termination of the Advisory Program](#xx_15270f79-b3b4-4eef-8220-05eb4e910be9_4) | 26  |
| **[Transfers Between Investment Options](#xx_52fc3124-ef24-495d-9a11-bff66895de9a_1)** | 27  |
| [During the Purchase Period — Policy Against Market](#xx_52fc3124-ef24-495d-9a11-bff66895de9a_1)<br> [Timing and Frequent Transfers](#xx_52fc3124-ef24-495d-9a11-bff66895de9a_1)<br>| 27  |
| [Communicating Transfer or Reallocation Instructions](#xx_52fc3124-ef24-495d-9a11-bff66895de9a_2) | 28  |
| [Effective Date of Transfer](#xx_52fc3124-ef24-495d-9a11-bff66895de9a_2) | 28  |
| [Transfers During the Payout Period](#xx_52fc3124-ef24-495d-9a11-bff66895de9a_2) | 28  |
| **[Fees and Charges](#xx_7e928131-a273-4320-b51b-e865faed5e04_1)** | 29  |
| [Account Maintenance Charge (Series 1 and 14](#xx_7e928131-a273-4320-b51b-e865faed5e04_1)<br> [Contracts Only)](#xx_7e928131-a273-4320-b51b-e865faed5e04_1)<br>| 29  |
| [Surrender Charge (Series 1, 5, and 7 Contracts Only)](#xx_7e928131-a273-4320-b51b-e865faed5e04_1) | 29  |
| [Amount of Surrender Charge](#xx_7e928131-a273-4320-b51b-e865faed5e04_1) | 29  |
| [10% Free Withdrawal](#xx_7e928131-a273-4320-b51b-e865faed5e04_1) | 29  |
| [Exceptions to Surrender Charge](#xx_7e928131-a273-4320-b51b-e865faed5e04_1) | 29  |
| [Fixed Account Plus Excess Transfer Charge (Series 11](#xx_7e928131-a273-4320-b51b-e865faed5e04_2)<br> [Contracts Only)](#xx_7e928131-a273-4320-b51b-e865faed5e04_2)<br>| 30  |
| [Exceptions to Fixed Account Plus Excess](#xx_7e928131-a273-4320-b51b-e865faed5e04_2)<br> [Transfer Charge](#xx_7e928131-a273-4320-b51b-e865faed5e04_2)<br>| 30  |
| [Premium Tax Charge](#xx_7e928131-a273-4320-b51b-e865faed5e04_2) | 30  |

---

---

| | |
|:---|:---|
|  | **Page** |
| [Separate Account Charges](#xx_7e928131-a273-4320-b51b-e865faed5e04_2) | 30  |
| [Reduction or Waiver of Account Maintenance,](#xx_7e928131-a273-4320-b51b-e865faed5e04_2)<br> [Surrender, or Separate Account Charges](#xx_7e928131-a273-4320-b51b-e865faed5e04_2)<br>| 30  |
| [Payments from Mutual Funds/Platform Charges](#xx_7e928131-a273-4320-b51b-e865faed5e04_3) | 31  |
| [Fund Expenses](#xx_7e928131-a273-4320-b51b-e865faed5e04_3) | 31  |
| [Advisory Program Fees](#xx_7e928131-a273-4320-b51b-e865faed5e04_3) | 31  |
| [Other Charges](#xx_7e928131-a273-4320-b51b-e865faed5e04_4) | 32  |
| **[Payout Period](#xx_7e928131-a273-4320-b51b-e865faed5e04_4)** | 32  |
| [Payout Payments on a Fixed Basis](#xx_7e928131-a273-4320-b51b-e865faed5e04_4) | 32  |
| [Assumed Investment Rate](#xx_7e928131-a273-4320-b51b-e865faed5e04_4) | 32  |
| [Payout Payments on a Variable Basis](#xx_7e928131-a273-4320-b51b-e865faed5e04_5) | 33  |
| [Payout Payments on a Combination of a Fixed and](#xx_7e928131-a273-4320-b51b-e865faed5e04_5)<br> [Variable Basis](#xx_7e928131-a273-4320-b51b-e865faed5e04_5)<br>| 33  |
| [Partial Annuitization/No Commutations](#xx_7e928131-a273-4320-b51b-e865faed5e04_5) | 33  |
| [Payout Date](#xx_7e928131-a273-4320-b51b-e865faed5e04_5) | 33  |
| [Payout Options](#xx_7e928131-a273-4320-b51b-e865faed5e04_5) | 33  |
| [Payout Information](#xx_7e928131-a273-4320-b51b-e865faed5e04_6) | 34  |
| [Impact of Advisory Program Fees on Payout](#xx_7e928131-a273-4320-b51b-e865faed5e04_6)<br> [Payments](#xx_7e928131-a273-4320-b51b-e865faed5e04_6)<br>| 34  |
| **[Surrender of Account Value](#xx_7e928131-a273-4320-b51b-e865faed5e04_7)** | 35  |
| [When Surrenders Are Allowed](#xx_7e928131-a273-4320-b51b-e865faed5e04_7) | 35  |
| [Surrender Process](#xx_7e928131-a273-4320-b51b-e865faed5e04_7) | 35  |
| [Amount That May Be Surrendered](#xx_7e928131-a273-4320-b51b-e865faed5e04_7) | 35  |
| [Surrender Restrictions](#xx_7e928131-a273-4320-b51b-e865faed5e04_7) | 35  |
| [Partial Surrenders](#xx_7e928131-a273-4320-b51b-e865faed5e04_7) | 35  |
| [Systematic Withdrawals](#xx_7e928131-a273-4320-b51b-e865faed5e04_8) | 36  |
| [Distributions Required by Federal Tax Law](#xx_7e928131-a273-4320-b51b-e865faed5e04_8) | 36  |
| **[Exchange Privilege](#xx_7e928131-a273-4320-b51b-e865faed5e04_8)** | 36  |
| **[Benefits Available Under the Contract](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_1)** | 37  |
| **[Death Benefits](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_2)** | 38  |
| [The Process](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_2) | 38  |
| [Beneficiary Information](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_2) | 38  |
| [During the Purchase Period](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_3) | 39  |
| [Death Benefit Before Age of 70](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_3) | 39  |
| [Standard Death Benefit](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_3) | 39  |
| [Adjusted Purchase Payment Amount](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_3) | 39  |
| [During the Payout Period](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_4) | 40  |
| [Impact of the Deduction of Advisory Program Fees on](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_4)<br> [Death Benefit](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_4)<br>| 40  |
| **[Additional Information About Loans](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_4)** | 40  |
| [Interest Charged for a Loan](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_4) | 40  |
| [The Effects of a Loan on Account Value, Payout](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_4)<br> [Payments and the Death Benefit](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_4)<br>| 40  |
| **[Other Contract Features](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_5)** | 41  |
| [Changes That May Not Be Made](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_5) | 41  |
| [Change of Beneficiary](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_5) | 41  |
| [Cancellation](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_5)[— The](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_5)["Free Look" Period](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_5) | 41  |
| [We Reserve Certain Rights](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_5) | 41  |
| [Relationship to Employer's Plan](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6) | 42  |
| **[Voting Rights](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6)** | 42  |
| [Who May Give Voting Instructions](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6) | 42  |
| [Determination of Fund Shares Attributable to Your](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6)<br> [Account](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6)<br>| 42  |

---

------

---

| | |
|:---|:---|
|  | **Page** |
| [During the Purchase Period](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6) | 42  |
| [During the Payout Period or after a Death Benefit](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6)<br> [Has Been Paid](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6)<br>| 42  |
| [How Fund Shares Are Voted](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6) | 42  |
| **[Federal Tax Matters](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6)** | 42  |
| [Types of Plans](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_6) | 42  |
| [Tax Consequences in General](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_7) | 43  |

---

---

| | |
|:---|:---|
|  | **Page** |
| **[Legal Proceedings](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_9)** | 45  |
| **[Financial Statements](#xx_5d878f43-dff8-4f60-8baf-72684d33483a_9)** | 45  |
| **[Appendix](#xx_3d58ea03-a5b3-4486-a8ee-a2b4a79677a2_1)[A — Funds Available Under the Contract](#xx_3d58ea03-a5b3-4486-a8ee-a2b4a79677a2_1)** | A-1  |
| **[Appendix](#xx_7995075c-02dd-4492-8bda-f18f0ac96071_1)[B — State Contract Variability](#xx_7995075c-02dd-4492-8bda-f18f0ac96071_1)** | B-1  |
| **[Appendix](#xx_2fd03e8d-0141-47d8-8262-c193271645e6_1)[C — Index Information](#xx_2fd03e8d-0141-47d8-8262-c193271645e6_1)** | C-1 |

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**Glossary of Terms**

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Unless otherwise specified in this prospectus, the words "we," "us," "our," "Company," and "USL" mean The United States Life Insurance Company in the City of New York and the words "you" and "your" mean the Participant, or the individual purchasing an individual Contract.

Other specific terms we use in this prospectus are:

**Account Value** — the total sum of your Fixed Account Option and/or Variable Investment Option that has not yet been applied to your annuity payments.

**Advisory Program** — the investment advice service provided by your Investment Adviser. Guided Portfolio Services<sup>®</sup> ("GPS") is an advisory service offered by VFA, a registered investment adviser and our affiliate. A separate investment advisory fee and agreement are required for this service, if available under an employer's retirement plan. You should ask VFA or your financial professional about any fees charged for investment advice provided.

**Annuitant** — the individual (in most cases, you) to whom Payout Payments will be paid.

**Annuity Service Center** —Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105.

**Assumed Investment Rate** — the rate used to determine your first monthly payout payment per thousand dollars of account value in your Variable Investment Option.

**Beneficiary** — the individual designated to receive the death benefit or Payout Payments upon the death of the Annuitant.

**Business Day** — any weekday that the New York Stock Exchange ("NYSE") is open for trading. Normally, the NYSE is open Monday through Friday, from 9:30 a.m. to 4:00 p.m. Eastern Time. Business Days do not include U.S. holidays or other days when the NYSE is closed, such as Good Friday.

**Code** — the Internal Revenue Code of 1986, as amended.

**Contract Owner** — the entity to whom the Contract is issued. For a group Contract, the Contract Owner will be the employer purchasing the Contract for a retirement plan.

**Division** — the portion of the Separate Account invested in a particular Mutual Fund. Each Division is a subaccount of USL Separate Account RS.

**Fixed Account Option** — an account, where available, in which you may invest and is guaranteed to earn at least a minimum rate of interest while invested and an obligation of USL's General Account.

**Home Office** — located at 1133 Avenue of the Americas, 33<sup>rd</sup> Floor, New York, NY 10036.

**Investment Adviser** — the investment adviser that you have engaged to provide services as part of an Advisory Program. We only support Advisory Programs that are offered through our affiliate, VFA, a registered investment adviser. There are typically

advisory fees associated with an Advisory Program. Those fees are separate from the Contract's fees and charges.

USL is not a registered investment adviser and does not provide any investment advice under the Advisory Program.

**Market Close** — the close of regular trading on the NYSE, generally 4:00 p.m., Eastern Time, on each day the NYSE is open for business.

**Mutual Fund or Fund** — the investment portfolio(s) of a registered open-end management investment company, which serves as the underlying investment vehicle for each Division represented in USL Separate Account RS.

**Net Purchase Payments** — the total sum of Purchase Payments minus withdrawals and charges.

**Participant** — the individual (in most cases, you) who makes Purchase Payments or for whom Purchase Payments are made.

**Participant Year** — a 12-month period starting with the issue date of a Participant's Contract certificate and each anniversary of that date.

**Payout Payments** — annuity payments withdrawn in a steady stream during the Payout Period.

**Payout Period** — the time when you begin to withdraw your money in Payout Payments.

**Payout Unit** — a measuring unit used to calculate Payout Payments from your Variable Investment Option. Payout Units measure value, which is calculated just like the Purchase Unit value for each Variable Investment Option except that the initial Payout Unit includes a factor for the Assumed Investment Rate selected. Payout Unit values will vary with the investment experience of the USL Separate Account RS Division.

**Platform Charge** — a fee we charge in order to make certain underlying Funds available as an investment option under the Contract.

**Proof of Death** — a certified copy of the death certificate, a certified copy of a decree of a court of competent jurisdiction as to death, a written statement by an attending physician, or any other proof satisfactory to USL.

**Purchase Payments** — an amount of money you or your employer pay to USL to receive the benefits of a Contract.

**Purchase Period** — the accumulation period or time between your first Purchase Payment and the beginning of your Payout Period (or surrender). It also may be called the "Accumulation Period."

**Purchase Unit** — a unit of interest owned by you in your Variable Investment Option.

**Statement of Additional Information or SAI** — a supplementary document that provides additional information about your

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Contract. This document is not part of the prospectus and should be read only in conjunction with the prospectus for your Contract.

**Systematic Withdrawals** — payments withdrawn on a regular basis during the Purchase Period.

**USL Separate Account RS or Separate Account** — a segregated asset account established by USL under the New York Insurance

Law. The purpose of the USL Separate Account RS is to receive and invest your Purchase Payments and Account Value in the Variable Investment Option(s), if selected.

**Variable Investment Option** — investment options that correspond to Separate Account Divisions available under the Contracts.

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

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| **FEES AND EXPENSES** | &nbsp;&nbsp; **Location in** <br>**Prospectus**<br>|

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| **Charges for Early** <br> **Withdrawals**<br>| &nbsp;&nbsp; Your Contract may be subject to surrender charges depending on the series <br> of Contract:<br>•**Series 1, 5, and 7**. If you withdraw money under the Contract within five <br> years of making a Purchase Payment, you may be assessed a surrender <br> charge of up to 5%, either as a percentage of the amount withdrawn or as <br> a percentage of Purchase Payments made during the last five years, <br> whichever is less.<br>•**Series 11 and 14**. No surrender charge.<br> For example, if you own a series 1, 5, or, 7 Contract and make an early <br> withdrawal, you could pay a surrender charge of up to $5,000 on a $100,000 <br> investment and such surrender charge may be greater if subject to taxes or <br> tax penalties. No surrender charges would apply to a series 11 Contract.<br> In the State of New York, charges for early withdrawals will be calculated as <br> Last In, First Out for certificates of group Contracts. | &nbsp;&nbsp; **Fee Tables**<br>**Fees and Charges –**<br> **Surrender Charge**<br>|

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| **Transaction Charges** | &nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> other transactions.<br>•In certain states, you may be subject to a loan application fee and loan <br> interest if you request a loan under the Contract.<br>•Under a series 11 contract, if you transfer amounts from the Fixed Account <br> Plus option to another investment option under the Contract (or another <br> funding entity) in excess of the annual limit, you may be subject to a <br> charge of 5% on the excess amount transferred.<br>•There may also be taxes on Purchase Payments. | &nbsp;&nbsp; **Fee Tables**<br>**Fees and Charges**<br>|

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| **FEES AND EXPENSES** | &nbsp;&nbsp; **Location in**<br> **Prospectus**<br>|

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| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; The table below describes the current fees and expenses of the Contract that <br> you may pay *each year*, depending on the options you choose. Please refer to <br> your Contract specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any advisory fees paid to an investment adviser from <br> the Contract or other Contract owner assets. If such charges were reflected, <br> the fees and expenses would be higher. Interest on Contract loans is not <br> reflected below. | &nbsp;&nbsp; The table below describes the current fees and expenses of the Contract that <br> you may pay *each year*, depending on the options you choose. Please refer to <br> your Contract specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any advisory fees paid to an investment adviser from <br> the Contract or other Contract owner assets. If such charges were reflected, <br> the fees and expenses would be higher. Interest on Contract loans is not <br> reflected below. | &nbsp;&nbsp; The table below describes the current fees and expenses of the Contract that <br> you may pay *each year*, depending on the options you choose. Please refer to <br> your Contract specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any advisory fees paid to an investment adviser from <br> the Contract or other Contract owner assets. If such charges were reflected, <br> the fees and expenses would be higher. Interest on Contract loans is not <br> reflected below. | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | **Annual Fee** | **Minimum** | **Maximum** | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; Base Contract<sup>1</sup> <br>(varies by Contract class)<br>| 0.60% | 0.61% | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; Investment Options<sup>2</sup> <br>(Fund fees and expenses)<br>| 0.20% | 1.29% | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; <sup>1</sup> As a percentage of average daily net asset value allocated to a Variable <br> Investment Option, plus for the Maximum charge, an amount attributable to <br> the annual variable investment option maintenance charge, which is <br> applicable to Series 1 and 14 only.<br> <sup>2</sup> As a percentage of Fund net assets, plus any applicable amounts deemed to <br> be Platform Charge. | &nbsp;&nbsp; <sup>1</sup> As a percentage of average daily net asset value allocated to a Variable <br> Investment Option, plus for the Maximum charge, an amount attributable to <br> the annual variable investment option maintenance charge, which is <br> applicable to Series 1 and 14 only.<br> <sup>2</sup> As a percentage of Fund net assets, plus any applicable amounts deemed to <br> be Platform Charge. | &nbsp;&nbsp; <sup>1</sup> As a percentage of average daily net asset value allocated to a Variable <br> Investment Option, plus for the Maximum charge, an amount attributable to <br> the annual variable investment option maintenance charge, which is <br> applicable to Series 1 and 14 only.<br> <sup>2</sup> As a percentage of Fund net assets, plus any applicable amounts deemed to <br> be Platform Charge. | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not take <br> withdrawals from the Contract, **which could add surrender charges that** <br> **substantially increase costs**. | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not take <br> withdrawals from the Contract, **which could add surrender charges that** <br> **substantially increase costs**. | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not take <br> withdrawals from the Contract, **which could add surrender charges that** <br> **substantially increase costs**. | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | **Lowest Annual Cost: $817** | **Highest Annual Cost: $1,934** | **Highest Annual Cost: $1,934** | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Least expensive combination of <br> base Contract classes and Fund <br> fees and expenses<br> •No optional benefits<br> •No surrender charges or advisory <br> fees<br> •No loans or additional Purchase <br> Payments, transfers, or <br> withdrawals<br>| &nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Most expensive combination of <br> base Contract classes, optional <br> benefits, and Fund fees and <br> expenses<br> •No surrender charges or advisory <br> fees<br> •No loans or additional Purchase <br> Payments, transfers, or <br> withdrawals | &nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Most expensive combination of <br> base Contract classes, optional <br> benefits, and Fund fees and <br> expenses<br> •No surrender charges or advisory <br> fees<br> •No loans or additional Purchase <br> Payments, transfers, or <br> withdrawals | **Fees and Charges** |

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|  | **RISKS** | &nbsp;&nbsp; **Location in**<br> **Prospectus**<br>|
| **Risk of Loss** | &nbsp;&nbsp; You can lose money by investing in this Contract, including your principal <br> investment. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract**<br>|

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| **Not a Short-Term** <br> **Investment**<br>| &nbsp;&nbsp; •This Contract is not designed for short-term investing and is not <br> appropriate for an investor who needs ready access to cash.<br>•Charges may apply to withdrawals under a series 1, 5, or 7 Contract. <br> Surrender charges could significantly reduce the amount that you receive <br> upon taking a withdrawal. Withdrawals may also reduce or terminate <br> Contract guarantees and may result in taxes and tax penalties.<br>•If you select the Fixed Account Plus option for investment, your ability to <br> transfer amounts from that option is subject to an annual limit. It may take <br> several years to transfer all amounts from the Fixed Account Plus option. <br> Under a series 11 Contract, if you transfer amounts from the Fixed Account <br> Plus option in excess of that annual limit (including withdrawals from the <br> Fixed Account Plus option for the purpose of transferring assets to another <br> funding entity), you may be subject to a charge.<br>•The benefits of tax deferral, if applicable, and long-term income mean the <br> Contract is generally more beneficial to investors with a long investment <br> time horizon. |
| **Risks Associated with** <br> **Investment Options**<br>| &nbsp;&nbsp; •An investment in this Contract is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Contract.<br>•Each Variable Investment Option and each Fixed Account Option has its <br> own unique risks.<br>•You should review the investment options before making an investment <br> decision. |
| **Insurance Company** <br> **Risks**<br>| &nbsp;&nbsp; An investment in the Contract is subject to the risks related to us, USL. Any <br> obligations (including under any Fixed Account Option), guarantees, and <br> benefits of the Contract are subject to our claims-paying ability. If we <br> experience financial distress, we may not be able to meet our obligations to <br> you. More information about us is available upon request by calling <br> 1-800-448-2542 or visiting www.corebridgefinancial.com/rs. |
|  | **RESTRICTIONS** |
| **Investments** | &nbsp;&nbsp; •You may transfer funds between the investment options, subject to certain <br> restrictions. If your Contract is a tax-deferred, non-qualified annuity that is <br> not part of your employer's retirement plan, Variable Investment Options <br> investing in a Public Fund will not be available to you. <br>•If you are enrolled in an Advisory Program, you are personally prohibited <br> from making transfers among investment options in the Contract. During <br> such period, transfer instructions may only be provided by the Investment <br> Adviser. If you terminate the Advisory Program, you may make transfers <br> among the investment options subject to certain restrictions.<br>•Transfers between the investment options, as well as certain purchases <br> and redemptions, are subject to policies designed to deter market timing <br> and frequent transfers.<br>•Transfers to and from the Fixed Account Options are subject to special <br> restrictions.<br>•We reserve the right to remove or substitute Funds as investment options.<br> •We reserve the right to stop accepting additional Purchase Payments |

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|  | **RESTRICTIONS** | &nbsp;&nbsp; **Location in**<br> **Prospectus**<br>|
| **Optional Benefits** | &nbsp;&nbsp; •If you are participating in an Advisory Program and your Investment <br> Adviser's fees are deducted from your Contract, the deduction of those <br> fees may reduce the death benefit and any other guaranteed benefit, and <br> may be subject to surrender charges, federal and state income taxes and a <br> 10% federal penalty tax. | &nbsp;&nbsp; **Advisory Program**<br>**Federal Tax Matters**<br>|
|  | **TAXES** |  |
| **Tax Implications** | &nbsp;&nbsp; •You should consult with a tax professional to determine the tax <br> implications of an investment in and payments received under the <br> Contract.<br>•If you purchase the Contract through a tax-qualified plan, there is no <br> additional tax benefit under the Contract.<br>•Withdrawals, including withdrawals to pay your Investment Adviser's fees, <br> may be subject to ordinary income tax. You may have to pay a tax penalty <br> if you take a withdrawal before age 59½. | **Federal Tax Matters** |
|  | **CONFLICTS OF INTEREST** |  |
| **Investment** <br> **Professional** <br> **Compensation**<br>| &nbsp;&nbsp; Your financial professional may receive compensation for selling this <br> Contract to you in the form of commissions, additional cash compensation, <br> and non-cash compensation. We may share the revenue we earn on this <br> Contract with your financial professional's firm, VFA. This conflict of interest <br> may influence your financial professional to recommend this Contract over <br> another investment for which the financial professional is not compensated <br> or compensated less.<br> You may determine to engage our affiliated registered investment adviser, <br> VFA, to provide investment advice to you for the Contract. VFA will charge an <br> Advisory Program Fee. We do not set your investment advisory fee. While <br> USL may deduct the Advisory Program Fee from your Account Value based <br> on instructions from VFA, we do not retain any portion of these fees. With <br> VFA as the Investment Adviser of your Advisory Program, USL, as an affiliate <br> of VFA, will indirectly benefit from VFA's receipt of Advisory Program Fees.<br> In addition, VFA's financial professionals and their managers are eligible for <br> benefits from us or our affiliates, such as non-cash compensation items.<br> One or more of these conflicts of interest may influence your financial <br> professional to recommend this Contract over another investment. | &nbsp;&nbsp; **General Information –** <br> **Distribution of the** <br> **Contracts**<br>|
| **Exchanges** | &nbsp;&nbsp; Some financial professionals may have a financial incentive to offer you a <br> new contract in place of the one you already own. You should exchange a <br> contract you already own only if you determine, after comparing the features, <br> fees, and risks of both contracts as well as any fees or penalties to terminate <br> the existing contract, that it is better for you to purchase the new contract <br> rather than continue to own your existing contract. | **Advisory Program** |

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**Overview of the Contract** 

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**Purpose of the Contract** 

The Contract is designed to help you invest on a tax-deferred basis, meet long-term financial goals, and plan for your retirement. You can accumulate assets by investing in the Contract's investment options and then later convert those accumulated assets into a stream of guaranteed income payments from us. The Contract includes a death benefit that may help financially protect your Beneficiary or Beneficiaries in the event of your death.

This Contract may be appropriate for you if you have a long investment time horizon and the Contract's terms and conditions are consistent with your financial goals. It is not intended for people whose liquidity needs require early or frequent withdrawals or for people who intend to frequently trade in the Contract's investment options.

The Contract is primarily used in connection with employer-sponsored qualified retirement plans, for which the employer is the Contract owner and participating employees receive certificates related to the Contract. Non-qualified Contracts are also available for certain employer plans as well as for certain after-tax arrangements that are not part of an employer's plan.

If you are enrolled in an Advisory Program, Advisory Program fees deducted from your Contract may reduce the death benefit and any other guaranteed benefit and may be subject to surrender charges, federal and state income taxes and a 10% federal penalty tax. See "*Surrender of Account Value*", "*Advisory Program*" and "*Federal Tax Matters*" later in this prospectus.

**Phases of the Contract** 

Like all deferred annuities, the Contract has two phases: (1) a Purchase Period (for savings) and (2) a Payout Period (for income).

**Purchase Period.** During the Purchase Period, you invest your money under the Contract in one or more available investment options to help you build assets on a tax-deferred basis. The available investment options may include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Variable Investment Options.** When you invest in a Variable Investment Option, you are indirectly investing in the Variable Investment Option's underlying Mutual Fund. The Mutual Funds have different investment objectives, strategies, and risks. You can gain or lose money if you invest in a Variable Investment Option.

**Additional information about each Mutual Fund is provided in an appendix to this prospectus. Please see *APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT*.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Fixed Account Options.** When you invest in a Fixed Account Option (Fixed Account Plus or Short-Term Fixed Account), your principal is guaranteed and earns interest based on a rate set and guaranteed by us.

The amount of money you accumulate during the Purchase Period depends (in part) on the performance of the investment options you choose. You may transfer money between investment options during the Purchase Period, subject to certain restrictions. Your accumulated assets impact the value of your benefits during the Purchase Period, including the death benefit, as well as the amount available for withdrawal.

**Payout Period.** When you are ready to receive guaranteed income under the Contract, you can switch to the Payout Period, at which time you will start to receive Payout Payments from us. This is also referred to as "annuitizing" the Contract. You generally decide when to annuitize. You can choose from the available payout options, which may provide income for life, for a guaranteed period of time, or a combination of both. You can also choose to receive Payout Payments on a variable or fixed basis, or a combination of both. If the Payout Payments are made on a fixed basis, the dollar amount of each payment will be the same. If the Payout Payments are made on a variable basis, the dollar amount for the payments will fluctuate.

The death benefit from the Purchase Period does not apply during the Payout Period. Any amount payable upon death during the Payout Period depends on the payout option selected. You cannot take withdrawals of Account Value or surrender the Contract during the Payout Period.

**Contract Features** 

**Contract Series.** This prospectus describes five (5) different classes of the Contract, which we call series. There are differences among the series with respect to surrender charges, other fees and charges, restrictions, and features. Each series is offered to certain group plans or through certain markets.

**Retirement Plan Terms and Conditions.** The Contract is primarily designed to be purchased by an employer for use in a retirement plan. However, it is also offered as a non-qualified Contract. Your participation in a group Contract will be subject to the terms and conditions of your retirement plan and applicable law, which may limit your ability to take certain actions under the Contract.

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**Accessing Your Money.** You may withdraw money from the Contract at any time during the Purchase Period. If withdrawals are made from the Contract, you may have to pay a surrender charge and/or federal and state income taxes, including a tax penalty if you are younger than age 59½. Withdrawals may negatively impact the value of your benefits under the Contract.

**Tax Treatment.** Money can be transferred between investment options without tax implications, and earnings (if any) on your investments are generally tax-deferred. Earnings and untaxed contributions are not taxed until they are distributed, which may occur when making a withdrawal, upon receiving a Payout Payment, or upon payment of the death benefit. You do not receive any additional tax benefit under the Contract if you participate in the Contract through a tax-qualified plan.

**Death Benefit.** If you die during the Purchase Period, we pay a death benefit to your Beneficiary or Beneficiaries. The Contract has a standard death benefit for no additional fee.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Systematic Withdrawals.** This program allows you to automatically receive withdrawals on a regular basis during the Purchase Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **No Charge Systematic Withdrawals.** This program allows you to automatically receive withdrawals on a regular basis during the Purchase Period without surrender charges, subject to certain requirements related to the duration and amount of the automatic withdrawals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Loans.** Tax-free loans may be taken under tax-qualified Contracts, providing additional access to your money in the Fixed Account Options. You will incur interest on an outstanding loan. Loans are subject to restrictions, including a $1,000 minimum loan amount. You may not be able to take a loan under your Contract. We may charge up to $75 for a loan application fee for each loan if permissible by your state.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Guided Portfolio Services**<sup>®</sup>**.** The GPS Portfolio Manager Program is the Advisory Program offered by our affiliated registered investments adviser, VFA, to help manage your Account Value. VFA offers the Advisory Program through its investment adviser representatives. It is an advice and asset management program offered to individuals in connection with their participation in certain employer-sponsored retirement plans. The Advisory Program is available to Participants in retirement plan accounts where the Contract is issued by USL. A separate investment advisory fee and agreement with VFA is required for this service, if available under an employer's retirement plan. More information about the GPS Portfolio Manager Program may be requested by contacting VFA at 866-544-4968 or it is also available free of charge on our website at www.corebridgefinancial.com/rs/prospectus-and-reports/vfa-form-adv-materials

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**Fee Tables** 

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**The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering or making withdrawals from the Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. The fees and expenses below do not reflect any advisory fees paid to your Investment Adviser from Contract or other assets. If such charges were reflected, the fees and expenses would be higher.**

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

***<u>Transaction Expenses</u>*** 

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| **Maximum Surrender Charge** |  |
| Series 1, 5, and 7 | 5.00%<sup>(1)</sup> <br>|
| Series 11, 14 |  |
| **Maximum Loan Application Fee (per loan)** | $75 |
| **Fixed Account Plus Excess Transfer Charge** |  |
| Series 11 | 5.00%<sup>(2)</sup> <br>|
| Other Series |  |

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**The following tables describe the fees and expenses that you will pay each year during the time that you own the Contract, not including Fund fees and expenses. If you have chosen to purchase an optional benefit, you pay additional charges, as shown below.**

***<u>Annual Contract Expenses</u>*** 

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| **Annual Variable Investment Option Maintenance Charge** |  |
| Series 1, 14 | $15 |
| Series 5, 7, and 11 |  |

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| **Annual Fees** | **Current** | **Maximum** |
| **Base Contract Expenses**<sup>(3)</sup> <br>(as a percentage of average daily net asset value allocated to the Variable Investment Option)<br>| 0.60% | 0.61% |

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| **Optional Benefit Expenses** |
| **Loan Interest Charges**<br> (as a percentage of average daily value allocated to the Fixed Account Option)<br>|
| Non-ERISA Contracts<sup>1</sup> <br>3.00 – 6.00%<sup>3</sup> <br>|
| ERISA Contracts<sup>2</sup> <br>5.50%<sup>4</sup> <br>|

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<sup>1</sup> Contracts issued as part of a retirement plan that is not subject to The Employment Retirement Income Security Act of 1974 (ERISA) including 457 Plans and retirement plans administered by government entities and churches.

<sup>2</sup> Contracts issued as part of an employer-sponsored retirement plan subject to ERISA including 401(k) and certain 403(b) defined contribution plans.

<sup>3</sup> The Non-ERISA Loan Interest Charges will vary based on the Guaranteed Minimum Interest Rate (GMIR) on your contract. Please refer to your contract for your GMIR.

<sup>4</sup> The ERISA Loan Interest Charges are variable rates based upon an index prescribed under applicable state insurance rules for policy loans. Loan Interest Charges for an existing loan will not increase, but may decrease, during the term of the loan.

***<u>Annual Fund Expenses</u>***

**The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract.These amounts also include applicable Platform Charges if you choose to invest in certain Funds. A complete list of Funds available under the Contract, including their annual expenses, may be found in Appendix A of this document.** 

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| **Annual Fund Expenses**<br> (expenses that are deducted from Fund assets, including management fees, distribution and/or <br> service (12b-1) fees (if applicable), and other expenses) | **Minimum** <sup>(4)</sup> <br>| **Maximum** <sup>(5)</sup> <br>|
| **Annual Fund Expenses**<br> (expenses that are deducted from Fund assets, including management fees, distribution and/or <br> service (12b-1) fees (if applicable), and other expenses) | 0.20% | 1.29% |

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**Footnotes to the Fee Tables**

(1) The maximum surrender charge is the lesser of 5% of the amount withdrawn or 5% of the Purchase Payments received within the past 60 months. If no Purchase Payments are received within the past 60 months, the surrender charge will be zero. Reductions in and exceptions to the surrender charge are available if certain conditions are met. In the State of New York, surrender charges will be calculated as Last In, First Out for group contracts and First In, First Out for individual contracts. See "Reduction or Waiver of Account Maintenance, Surrender, or Separate Account Charges" and "Exceptions to Surrender Charge" under "Surrender Charge (Series 1, 5, and 7 Contracts Only)."

(2) For all series, transfers from the Fixed Account Plus option are limited to 20% per Participant Year. See "Transfers Between Investment Options." Transfers in excess of this limitation will not be permitted except under series 11 Contracts. For series 11 Contracts, transfers in excess of this limitation will be permitted; however, the excess amount transferred will be subject to a charge of 5% on the excess amount transferred. Withdrawals from the Fixed Account Plus Option to another funding entity are considered "transfers" for purposes of this limitation. See "Fees and Charges – Fixed Account Plus Transfer Charge (Series 11 Contracts Only)."

(3) Also referred to as "Separate Account Charges." Reductions in the Separate Account Charges may be available for plan types meeting certain criteria. See "Reduction or Waiver of Account Maintenance, Surrender, or Separate Account Charges." The Base Contract Expenses do not reflect any applicable Platform Charges that may apply. To help you understand the cost of investing in certain Variable Investment Options, Platform Charges are reflected under "Annual Fund Expenses" in this section and in "Appendix A – Funds Available Under the Contract." If Platform Charges were included in this table, current charges for certain (but not all) Variable Investment Options would be as high as 0.85%. For additional information, see "Fees and Charges – Separate Account Charges."

(4) The Funds with the lowest total annual fund operating expenses are the Vanguard Long-Term Treasury Fund.

(5) The Fund with the highest total annual fund operating expenses is the Invesco Balanced-Risk Commodity Strategy Fund.

***Examples***

**These examples are intended to help you compare the cost of investing in the Funds with the cost of investing in other variable annuity contracts. These costs include transaction expenses, annual Contract expenses, and annual Fund expenses. These examples assume all Contract value is allocated to the Variable Investment Options. Your costs could differ from those shown below if you invest in the Fixed Account Options.**

**Each example assumes that you invest a single Purchase Payment of $100,000 in the Funds for the time periods indicated. Each example also assumes your investment has a 5% return each year and assumes the most expensive combination of annual Contract expenses and annual Fund expenses as well as optional benefits. These examples do not include the effect of premium taxes upon annuitization, or the effect of any advisory fees paid to your Investment Adviser from the Contract. If these fees and charges were reflected, the costs would be higher. Your actual costs may be higher or lower than the examples below.**

**The first set of examples assumes the most expensive combination of annual Contract expenses and annual Fund expenses. Based on these assumptions, your costs would be:**

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

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| | | | |
|:---|:---|:---|:---|
| **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $6574 | $10921 | $15294 | $22299 |
| **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $6559 | $10880 | $15223 | $22165 |
| **Series 11** | **Series 11** | **Series 11** | **Series 11** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $1919 | $5942 | $10223 | $22165 |

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(2) If you annuitize your Contract or you do *not* surrender your Contract:

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| | | | |
|:---|:---|:---|:---|
| **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |

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| | | | |
|:---|:---|:---|:---|
| $1934 | $5986 | $10294 | $22299 |
| **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $1919 | $5942 | $10223 | $22165 |
| **Series 11** | **Series 11** | **Series 11** | **Series 11** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $1919 | $5942 | $10223 | $22165 |

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**The second set of examples assumes the least expensive combination of annual Contract expenses and annual Fund expenses. Based on these assumptions, your costs would be:** 

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

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| | | | |
|:---|:---|:---|:---|
| **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $5520 | $7601 | $9523 | $10082 |
| **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $5506 | $7557 | $9450 | $9939 |
| **Series 11** | **Series 11** | **Series 11** | **Series 11** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $817 | $2557 | $4450 | $9939 |

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

(2) If you annuitize your Contract or you do *not* surrender your Contract:

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| | | | |
|:---|:---|:---|:---|
| **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $832 | $2601 | $4523 | $10082 |
| **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $817 | $2557 | $4450 | $9939 |
| **Series 11** | **Series 11** | **Series 11** | **Series 11** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $817 | $2557 | $4450 | $9939 |

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**Principal Risks of Investing in the Contract**

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**Risk of Loss.** Variable annuities involve risks, including possible loss of principal. Your losses could be significant. This Contract is not a deposit or obligation of, or guaranteed or endorsed by, any bank. This Contract is not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.

**Short-Term Investment Risk.** This Contract is not designed for short-term investing and may not be appropriate for an investor who needs ready access to cash. The benefits of tax deferral and long-term income mean that this Contract is more beneficial to investors with a long-time horizon.

**Group Plan Risk.** The Contract is designed to be purchased by an employer for use in a retirement plan. Your participation in a group Contract will be subject to the terms and conditions of your retirement plan and applicable law. This may impact your ability to make Purchase Payments, request withdrawals or loans, select payout options, or take other actions under the Contract. If the Contract is being used in a retirement plan through your employer, you should always refer to the terms and conditions in your employer's plan when reviewing the description of the Contract in this prospectus.

**Withdrawal Risk.** You should carefully consider the risks associated with withdrawals under the Contract. A withdrawal may reduce the value of your standard and optional benefits such as the death benefit or other guaranteed benefits. If you take a loan from your account, the amount of this loan and interest accrued therein may also reduce the value of these standard and optional benefits while (i) the loan is in the process of being paid off, (ii) if the loan is never paid off, or (iii) if you default on the loan. Additionally, your interest payments can never be recovered and, therefore, indirectly lower the contract value based on the loan you took against it. The reductions may be more than the amount withdrawn. Withdrawals may also be subject to significant surrender charges if you own a series 1, 5, or 7 Contract. In addition, if you own a series 11 Contract, excess transfers from the Fixed Account Plus option (including withdrawals from the Fixed Account Plus option for the purpose of transferring assets to another funding entity) may be subject to a charge. If you make a withdrawal prior to age 59½, there may be adverse tax consequences, including a 10% federal tax penalty. A total withdrawal (surrender) will result in the termination of your Contract or certificate. We may defer payment of withdrawals from a Fixed Account Option for up to six months when permitted by law.

**Variable Investment Option Risk.** Amounts that you invest in the Variable Investment Options are subject to the risk of poor investment performance. You assume the investment risk. Generally, if the Variable Investment Options that you select make money, your Account Value goes up, and if they lose money, your Account Value goes down. Each Variable Investment Option's performance depends on the performance of its underlying Mutual Fund. Each Mutual Fund has its own investment risks, and you are exposed to the Mutual Fund's investment risks when you invest in a Variable Investment Option. You are responsible for selecting Variable Investment Options that are appropriate for you based on your own individual circumstances, investment goals, financial situation, and risk tolerance.

**Deduction of Advisory Program Fee Risk.** If the Advisory Program fees payable to your investment adviser are deducted from the Contract, such deductions may reduce the death benefit and other annuity benefits, decrease the Account Value allocated to the Fixed Account Options, and result in a reduction of the Purchase Units & Payout Payments. The amounts deducted from your Contract for payment of Advisory Program Fees may be subject to surrender charges, federal and state income taxes and a 10% federal penalty tax.

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

**Investment Restrictions Risk.** Investment restrictions limit the investment options that are available to you and limit your ability to take certain actions under the Contract. The investment restrictions are designed to reduce our risk that we will have to make payments to you from our own assets in connection with certain guarantees. In turn, they may also limit the potential growth of your Account Value and the potential growth of your guaranteed benefits. This may conflict with your personal investment objectives.

**Public Fund Availability Risk.** Some in-plan deferred compensation plans may restrict investment in "Public Funds", which are mutual funds available to the public outside of annuity contracts, life insurance contracts, or certain employer-sponsored retirement plans. If your Contract is a tax-deferred non-qualified annuity that is not part of your employer's plan, the Variable Investment Options invested in Public Funds will not be available within your contract. (Public Funds are identified in Appendix A.)

**Loan Risk.** If you take a loan under the Contract, interest will accrue on any outstanding loan amounts until they are repaid and, depending on the state, you may be required to pay a loan application fee to us.

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**Minimum Account Value Risk.** If your Account Value falls below $300 and you do not make any Purchase Payments for at least two (2) Participant Years, we may close the account and pay the Account Value to you. Any such account closure will be subject to applicable distribution restrictions under the Contract and/or under your employer's plan.

**Financial Strength and Claims-Paying Ability Risk.** All guarantees under the Contract, including the Fixed Account Options, that are paid from our General Account are subject to our financial strength and claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you.

**Business Disruption.** Our business is also vulnerable to disruptions from natural and man-made disasters and catastrophes, such as but not limited to hurricanes, windstorms, flooding, earthquakes, wildfires, solar storms, war or other military action, acts of terrorism, explosions and fires, pandemic (such as COVID-19) and other highly contagious diseases, mass torts, failure of telecommunications or other critical infrastructure and other catastrophes. A natural or man-made disaster or catastrophe may negatively affect the computer and other systems on which we rely, and may also interfere with our ability to receive, pick up and process mail, to calculate Purchase Unit values, process other contract-related transactions, or otherwise provide our services, or have other possible negative impacts. While we have developed and put in place what we believe to be appropriate business continuity and disaster recovery plans and procedures to mitigate operational risks and potential losses related to business disruptions resulting from natural and man-made disasters and catastrophes, there can be no assurance that we, our agents, the underlying Funds or our service providers will be able to successfully avoid negative impacts resulting from such disasters and catastrophes.

**Cybersecurity Risk.** We rely heavily on interconnected computer systems and digital data to conduct our variable product business activities. Because our variable product business is highly dependent upon the effective operation of our computer systems and those of our business partners and service providers, our business is vulnerable to physical disruptions and utility outages, and susceptible to operational and information security risks resulting from information systems failure (e.g., hardware and software malfunctions), cyber-attacks, user error or other disruptions to the confidentiality, integrity, or availability of such systems and data. These risks include, among other things, the theft, misuse, corruption, disclosure and destruction of sensitive business data, including personal information, maintained on our or our business partners' or service providers' systems, interference with or denial of service attacks on websites and other operational disruptions and/or unauthorized release of confidential customer information, including as a result of social engineering attacks or employee malfeasance. Such systems failures and cyber-attacks or incidents affecting us, any third-party administrator, the underlying Funds, intermediaries and other affiliated or third-party service providers, as well as our distribution partners, may adversely affect us and your contract value. For instance, systems failures and cyber-attacks may interfere with our processing of contract transactions, including the processing of orders from our website, our distribution partners, or with the underlying Funds, impact our ability to calculate Purchase Unit values, cause the release and possible destruction of confidential customer or business information, impede order processing, subject us and/or our service providers, distribution partners and other intermediaries to regulatory fines and enforcement action, litigation risks and financial losses and/or cause reputational damage. Cyber security risks may also impact the issuers of securities in which the underlying Funds invest, which may cause the affected underlying Funds to lose value. There may be an increased risk of cyber-attacks during periods of geo-political or military conflict. Despite our implementation of policies and procedures, which we believe to be reasonable, that address physical, administrative and technical safeguards and controls and other preventative actions to protect our systems and sensitive business and customer information and reduce the risk of cyber-incidents, there can be no assurance that we or our distribution partners or the underlying Funds or our service providers will avoid cyber-attacks or information security breaches in the future that may affect your contract and/or personal information.

**General Information** 

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**About the Contracts** 

The Contracts were developed to help you save money for your retirement. A group Contract is a Contract that is purchased by an employer for a retirement plan. The employer and the plan documents will determine how contributions may be made to the Contracts. For example, the employer and plan documents may allow contributions to come from different sources, such as payroll deductions or money transfers. The amount, number, and frequency of your Purchase Payments may also be determined by the retirement plan for which your Contract was purchased. Likewise, the employer's plan may have limitations

on partial or total withdrawals (surrenders), the start of annuity payments, and the type of annuity payout options you may select.

The Contracts offer a combination of Variable Investment Options and Fixed Account Option(s) that you, as a Participant, may choose to invest in to help you reach your retirement savings goals. You should consider your personal risk tolerances and your retirement plan in choosing your investment options. For Contracts purchased under a retirement plan, the plan may designate the available investment options under the Contract and may be required to provide direction regarding

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additions or replacements of investment options. Plans subject to Title I of the Employee Retirement Income Security Act of 1974, as amended ("ERISA") may be subject to additional plan and Contract provisions.

The retirement savings process with the Contracts will involve two stages: the accumulation Purchase Period, and the annuity Payout Period. The accumulation period is when you make contributions into the Contracts called "Purchase Payments." The Payout Period begins when you decide to annuitize all or a portion of your Account Value. You can select from a wide array of payout options including both fixed and variable payments. For certain types of retirement plans, such as 403(b) plans, there may be statutory restrictions on withdrawals as disclosed in the plan documents. Refer to your plan document for guidance and any rules or restrictions regarding the accumulation or annuitization periods. Your Contract has information to assist you as well. For more information, see *"Purchase Period"* and *"Payout Period."* 

If you have questions about your Contract, call your financial professional or contact us at 1-800-448-2542.

**All material state variations are described in Appendix B.**

**About the Series** 

This prospectus describes five (5) different classes, which we call series, of the Contract. There are differences among the series with respect to surrender charges, other fees and charges, restrictions, and features. Each series is offered to certain group plans or through certain markets. Non-qualified arrangements may leverage one or more of the available series. The following table reflects the group plans and markets through which the series are offered.

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

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| | |
|:---|:---|
| **Series** | **Group Plans / Markets** |
| Series 1 | &nbsp;&nbsp; K-12 Plans; Healthcare Plans; <br> Higher Education Plans; <br> Governmental Plans<br>|
| Series 5 | &nbsp;&nbsp; Healthcare Plans; Higher <br> Education Plans; K-12 Plans<br>|
| Series 7 | &nbsp;&nbsp; Government Section 457 <br> Defined Contribution Plans<br>|
| Series 11 | Higher Education Plans |
| Series 14 | &nbsp;&nbsp; Certain Non-Qualified <br> Arrangements <br>|

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**About USL**

The United States Life Insurance Company in the City of New York ("USL") is a stock life insurance company organized under the laws of the State of New York. Its home office is 1133 Avenue of the Americas, 33rd Floor, New York, NY 10036. USL conducts life insurance and annuity business primarily in the State of New York. USL is an indirect, wholly-owned subsidiary of Corebridge Financial, Inc. ("Corebridge").

**About USL Separate Account RS**

When you direct money to the Contract's Variable Investment Options, you will be sending that money through USL Separate Account RS. You do not invest directly in the Mutual Funds made available in the Contract. USL Separate Account RS invests in the Mutual Funds on behalf of your account. USL acts as custodian for the Mutual Fund shares owned through the Separate Account which is made up of what we call "Divisions." Each Division invests in a different Mutual Fund made available through the Contract. For example, Division Ten represents and invests in the VALIC Company I Stock Index Fund. The earnings (or losses) of each Division are credited to (or charged against) the assets of that Division, and do not affect the performance of the other Divisions of the Separate Account.

USL established Separate Account RS on June 14, 2024 under New York Insurance law. The Separate Account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended, (the "1940 Act"). Units of interest in the Separate Account are registered as securities under the Securities Act of 1933, as amended (the "1933 Act").

The Separate Account is administered and accounted for as part of the Company's business operations. However, the income, capital gains or capital losses, whether or not realized, of each Division of the Separate Account are credited to or charged against the assets held in that Division without regard to the income, capital gains or capital losses of any other Division or arising out of any other business the Company may conduct. In accordance with the terms of the Contract, the Separate Account may not be charged with the liabilities of any other Company operation. As stated in the Contract, the New York Insurance

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Law requires that the assets of the Separate Account attributable to the Contract be held exclusively for the benefit of the Contract owner, Participants, Annuitants, and Beneficiaries of the Contracts.

We are obligated to pay all amounts promised to investors under the Contracts. The commitments under the Contracts are the sole obligation of USL. All amounts paid from our General Account, including our obligations under any Fixed Account Option and any death benefits or Payout Payments, in excess of your amounts in the Separate Account are subject to the Company's financial strength, claims-paying ability, and long-term ability to make payments.

**Units of Interest**

Your investment in a Division of the Separate Account is represented by units of interest issued by the Separate Account. On each Business Day, the units of interest issued by the Separate Account are revalued to reflect that day's performance of the underlying Mutual Fund(s) minus any applicable withdrawals or fees and charges to the Separate Account.

**Distribution of the Contracts**

The principal underwriter and distributor for the Separate Account is Corebridge Capital Services, Inc. ("CCS" or "Distributor"). CCS, an affiliate of the Company, is located at 30 Hudson Street, 16<sup>th</sup> Floor, Jersey City, NJ 07302. For more information about the Distributor, see "*Distribution of Variable Annuity Contracts*" in the *SAI*.

*VFA*

The Contracts are sold by licensed insurance agents who are registered representatives of broker-dealers, which are members of the Financial Industry Regulatory Authority ("FINRA"), unless otherwise exempt. USL's primary distribution channel is through its affiliate, VFA, which is a FINRA member. VALIC and/or its affiliates receives payments from some Fund companies for exhibitor booths at meetings and to assist with the education and training of VALIC, USL, VFA and their affiliates' employees and financial professionals. VFA and its financial professionals who sell the Contracts will be compensated for such sales by commissions ranging up to 3.20% of each first-year Purchase Payment. The financial professionals will receive commissions of up to 0.70% for level Purchase Payments in subsequent years and up to 2.80% on increases in the amount of Purchase Payments in the year of the increase. During the first two years of employment, VFA financial professionals may also receive developmental commissions of up to 4% for each first-year Purchase Payment and for increases in the amount of Purchase Payments. Financial professionals can also receive a bonus payment where the amount of the payment varies based on the number of total enrollments generated by the financial professional and on the expected annualized Purchase Payments of the Participant.

For more information about how your financial professional may be compensated, please contact your financial professional.

*Mutual Funds*

The Mutual Funds or their registered investment adviser or its affiliates ("Mutual Fund Entities") may make payments to USL, typically for administrative, recordkeeping, and shareholder services that USL provides for the underlying Mutual Fund(s). See also the "*Payments from Mutual Funds/Platform Charges*" section in this prospectus.

In addition, USL and/or its affiliates may receive payments from Mutual Fund Entities that voluntarily choose to participate in, and that are designed to defray the costs associated with, conferences, seminars, training, or other educational events sponsored by USL and its affiliates where such funds and services are discussed and that are attended by VFA financial professionals, USL employees, employees of our affiliates and/or plan sponsors and plan consultants. Moreover, these Mutual Fund Entities may also make payments to USL and/or its affiliates for exhibitor booths at meetings and to assist with education and training of VFA financial professionals.

*Consultants*

USL and its affiliates sometimes retain and compensate business consultants to assist USL in marketing group employee benefit services to employers. These business consultants are not associated persons of VFA or affiliated with USL or its affiliates and are not authorized to sell or market securities or insurance products to employers or to group plan participants. The fees paid to such business consultants are part of USL's general overhead and are not charged back to employers, group employee benefit plans or plan participants.

*Sponsorships*

USL and its affiliates maintain ongoing relationships with various organizations and associations, including trade associations, unions, and other industry groups, to which USL and/or its affiliates makes sponsorship payments for marketing and advertising opportunities. These marketing and advertising opportunities may take the form of participation in leadership and recognition events, educational conferences, speaking opportunities, booth space and signage at membership conferences and similar events, and membership dinners. Such payments are typically flat fees (either one-time or recurring) and are not based on transactions or sales.

USL and its affiliates also have ongoing relationships with retirement plan sponsors. As part of these ongoing relationships, USL and its affiliates sponsor events and seminars for plan participants that provide education for plan participants, as well as marketing and advertising opportunities for USL and its affiliates. Such sponsorships may include providing occasional meals, entertainment, or nominal gifts to the extent permitted by FINRA rules.

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These various sponsorships may be considered endorsements of the products of USL or its affiliates, may result in additional annuity or other product sales to plan participants, and provide an incentive to these organizations, associations, and plan sponsors to promote the products and services of USL and its affiliates.

**Administration of the Contracts**

USL is responsible for the administrative servicing of your Contract. Please contact the Annuity Service Center at 1-800-448-2542, if you have any comments, questions, or service requests.

**Variable Investment Options and Fixed Account Options**

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The Contracts offer a choice from among several Variable Investment Options and two Fixed Account Options. All options listed (except where noted) are available, generally, for 401(a), 403(a), 401(k), and 403(b) plans and 457(b) eligible deferred compensation plans. Depending on what USL is offering in the Contracts at any given time and the selection made by your employer's plan, if applicable, there may be limitations on which and how many investment options Participants may invest in at any one time.

Your employer, if applicable, may request, from time to time, to add or substitute Variable Investment Options. Any such request will be subject to USL's approval and to any other applicable limitations in the Contract. If any of the Variable Investment Options are closed or Fixed Account Options are closed to new Purchase Payments and/or new transfers, and absent alternate directions from the Contract Owner or Participant, amounts that otherwise would have been deposited into the closed Fixed Account Option(s) will be invested in a Variable Investment Option, if available, or otherwise, in the Short-Term Fixed Account. With respect to a closed Variable Investment Option(s), amounts that otherwise would have been deposited into the closed Variable Investment Option will be invested in such other Variable Investment Option(s), as consistent with applicable law.

This prospectus describes only the aspects of the Variable Investment Options available in the Portfolio Director Contract except where the Fixed Account Options are specifically mentioned.

**Variable Investment Options**

The Contracts enable you to participate in Divisions of the Separate Account that represent the Variable Investment Options. Depending on your retirement program, you may not be able to invest in all of the Variable Investment Options described in this prospectus. You may be subject to further limits on how many Variable Investment Options you may be invested in at any one time or how many of the Variable Investment Options in which you are invested may be involved in certain transactions at any one time.

Several of the Variable Investment Options offered through the Separate Account are also available to the general public (retail investors) outside of annuity contracts, life insurance contracts, or certain employer-sponsored retirement plans. These funds are listed in Appendix A as "Public Funds." If your Contract is

issued under a deferred compensation plan (other than an eligible 457(b) plan), those Variable Investment Options that are invested in Public Funds will not be available within your Contract, due to Code requirements concerning investor control. Therefore, non-qualified annuities and ineligible deferred compensation 457(f) plans and private sector top-hat plans (generally, an unfunded deferred compensation plan maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees) may invest only in VALIC Company I Funds.

**Information regarding each Fund, including (i) its name, (ii) its type, (iii) its investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance is available in an appendix to this prospectus. See "Appendix A – Funds Available Under the Contract."**

**Each Fund has issued a prospectus that contains more detailed information about the Fund. Read these prospectuses carefully before investing. Paper or electronic copies of the Fund prospectuses may be obtained by calling 1-800-448-2542, or visiting www.corebridgefinancial.com/rs/prospectus-and-reports/annuities.**

Refer to your employer's retirement program documents for a list of the employer-selected Variable Investment Options and any limitations on the number of Variable Investment Options you may choose. All Funds may not be available for all plans or group contracts.

Shares of certain of the Funds are also sold to separate accounts of other insurance companies that may or may not be affiliated with us. This is known as "shared funding." These Funds may also be sold to separate accounts that act as the underlying investments for both variable annuity contracts and variable life insurance policies. This is known as "mixed funding." There are certain risks associated with mixed and shared funding, such as conflicts of interest due to differences in tax treatment and other considerations, including the interests of different pools of investors. These risks may be discussed in each Fund's prospectus.

Investors seeking to achieve long term retirement security generally are encouraged to give careful consideration to the benefits of a well-balanced and diversified investment portfolio. As just one example, investing one's total retirement savings in a

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limited number of investment options may cause that individual's retirement savings to not be adequately diversified. Spreading those assets among different types of investments can help an investor achieve a favorable rate of return in changing market or economic conditions that may cause one category of assets or particular security to perform very well while causing another category of assets or security to perform poorly. Of course, diversification is not a guarantee of gains or against losses. However, it can be an effective strategy to help manage investment risk.

The performance, returns, and value of allocations in the Variable Investment Options will vary based on the investment experience of the Mutual Fund in which the Variable Investment Options invest and there is a risk of loss of the entire amount invested.

**Fixed Account Options**

Portfolio Director Contracts feature up to two guaranteed Fixed Account Options that are each part of the General Account

assets of the Company. These assets are invested in accordance with applicable state regulations. A tax-deferred, non-qualified annuity may include the guaranteed fixed options. The guarantees under the Fixed Account Options are subject to our financial strength, claims-paying ability. and our long-term ability to make such payments, and not the Separate Account.

The Fixed Account Options are not subject to regulation under Federal securities laws including the 1940 Act and are not required to be registered under applicable Federal securities laws, including the 1933 Act. We bear the entire investment risk for the Fixed Account Options. All Purchase Payments and interest earned on such amounts in your Fixed Account Option will be paid regardless of the investment results experienced by the Company's general assets and are subject to our financial strength, claims paying ability, and our long-term ability to make such payments.

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

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| | |
|:---|:---|
| **Fixed Account Options** | **Description** |
| Fixed Account Plus | &nbsp;&nbsp; This Fixed Account Option provides for a fixed rate of interest associated with a long-term time horizon. It is <br> credited with interest at rates set by USL. The account is guaranteed to earn at least a minimum rate of <br> interest as shown in your Contract. Your money may be credited with a different rate of interest depending on <br> the time period in which it is accumulated. Purchase Payments allocated to Fixed Account Plus will receive a <br> current rate of interest. There are limitations on transfers out of assets from this Fixed Account Option. If you <br> transfer assets from Fixed Account Plus to another investment option, any assets transferred back into Fixed <br> Account Plus within 90 days will receive a different rate of interest than that paid for new Purchase Payments <br> into Fixed Account Plus.Please refer to the **Fixed Account Plus Excess Transfer Charge (Section 11** <br> **Contracts Only)** section in "*Fees and Charges*" below for information about certain transfer limitations for <br> Fixed Account Plus.<br>|
| Short-Term Fixed Account  | &nbsp;&nbsp; This Fixed Account Option provides fixed-return investment growth for the short-term. It is credited with <br> interest at rates set by USL, which may be lower than the rates credited to Fixed Account Plus, above. The <br> account is guaranteed to earn at least a minimum rate of interest as described in your Contract.<br>|

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Generally, for most series of Portfolio Director Contracts, an interest rate for the Fixed Account Plus and Short-Term Fixed Account is declared at the beginning of each calendar month and is applicable to new contributions received during that month. Interest is credited to the account daily and compounded at an annual rate. You may obtain current interest rates by calling the Annuity Service Center or speaking with your financial professional. Contributions received during a calendar month will receive that month's current interest rate for the remainder of the calendar year. Our practice, though not guaranteed, is to continue crediting interest at that same rate for such purchase payments for one additional calendar year. Depending on the Fixed Account Option and the terms of your Contract, certain amounts may be consolidated with contributions made during other periods and will be credited with interest at a rate which the Company declares annually on January 1 and guarantees for the remainder of the calendar year.

Factors that influence the declared Fixed Account Option renewal rate include, but are not limited to, the level of US Treasury rates, credit spreads on corporate bonds and other fixed income instruments, company asset-liability matching strategies, the length of the Contract withdrawal charge period and the number of years since your annuity Contract was issued. The interest rate of a Fixed Account Option will never be lower than the minimum guaranteed interest rate as described in your Contract. The interest rates and periods may differ between the series of Portfolio Director Contracts. Some series of Portfolio Director may offer a higher interest rate on Fixed Account Plus. Interest rate crediting policies may change, but any changes will not reduce the guaranteed minimum interest rate provided at the time your Contract was issued or reduce amounts already credited to your account.

Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and

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to transfers among the investment options, with advance written notice. USL may make the Fixed Account Options available or close the Fixed Account Options as frequently as it determines at any point in time while the Contract is in force, provided USL gives advance written notice in each case.

**Impact of Advisory Program Fees**

Please note that if you are enrolled in the Advisory Program, advisory fees deducted from Account Value will also result in a

reduction of any Account Value allocated to the Fixed Account Option(s) by the dollar amount assessed for the Advisory Program Fee.

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**Purchase Period** 

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The Purchase Period begins when your first Purchase Payment is made and continues until you begin your Payout Period. This period may also be called the accumulation period, as you save for retirement. Changes in the value of each Fixed Account Option and Variable Investment Option are reflected in your overall Account Value. Thus, your investment choices and their performance will affect the total Account Value that will be available for the Payout Period. The amount, number, and frequency of your Purchase Payments may be determined by the retirement plan for which your Contract was purchased. The Purchase Period will end upon death, upon surrender, or when you complete the process to begin the Payout Period.

**Account Establishment**

You may establish an account through a financial professional. Initial Purchase Payments must be received by USL either with, or after, a completed application. If part of an employer- sponsored retirement plan, your employer is responsible for remitting Purchase Payments to us. The employer is responsible for furnishing instructions to us (a premium flow report) as to the amount being applied to your account (see below). Purchase Payments can also be made by you for certain nonqualified Contracts.

The maximum single payment that may be applied to any account without prior Company approval is $1,000,000. Minimum initial and subsequent Purchase Payments are as follows:

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| | | |
|:---|:---|:---|
| **Contract Type** | **Initial**<br> **Payment**<br>| **Subsequent**<br> **Payment**<br>|
| Periodic Payment | &nbsp;&nbsp; $30 | &nbsp;&nbsp; $30 |
| Single Payment | &nbsp;&nbsp; $1000 | &nbsp;&nbsp; N/A |

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Periodic Payment minimums apply to each Periodic Payment made. The Single Payment minimum applies to each of your accounts.

When an initial Purchase Payment is accompanied by an application, we will promptly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accept the application and establish your account within 2 Business Days. We will also apply your Purchase Payment by crediting the amount, effective the date we accept your application, to the Variable Investment Option(s) or Fixed Account Option(s) selected; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Request additional information to correct or complete the application. In the case of an individual variable annuity Contract, we will return the Purchase Payments within 5 Business Days if the requested information is not provided, unless you otherwise so specify. Once you provide us with the requested information, we will establish your account and apply your Purchase Payment, effective the date we accept your application,

by crediting the amount to the Fixed Account Option or Variable Investment Option(s) selected; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reject the application and return the Purchase Payment.

If we receive Purchase Payments from your employer before we receive your completed application or enrollment form, we will not be able to establish a permanent account for you. If this occurs, we will take one of the following actions:

*Return Purchase Payments*. If we do not have your name, address or Social Security Number ("SSN"), we will return the Purchase Payment to your employer unless this information is immediately provided to us; or

*Employer-Directed Account*. At the direction of your employer, provided on a form acceptable to USL and accompanied by certain necessary information (such as name, address, and SSN), we may establish an account for you. In that case we will deposit your Purchase Payment in an "Employer-Directed" account invested in a Money Market Division, or other investment options chosen by your employer, and provide a Contract or certificate. If you want a financial professional to assist you in allocating these amounts, you will first need to provide certain personal and financial information that may be required by the financial professional in order to provide such assistance; or

*Starter Account*. If we have your name, address and SSN, but we do not have an agreement with your employer for employer-directed accounts, we will deposit your Purchase Payment in a "starter" account invested in the Money Market Division option available for your plan or other investment options chosen by your employer. We will send you a follow-up letter requesting the information necessary to complete the application, including your allocation instructions. If we do not receive the necessary information within 105 days, we may return the Purchase Payment to your employer or convert the account to an "unsolicited" account which would be subject to many of the same restrictions as a starter account. You may not transfer these amounts until USL has received a completed application or enrollment form.

If mandated under applicable law, we may be required to reject a Purchase Payment. We may also be required to block a Contract Owner's account and thereby refuse to pay any request for transfers, withdrawals, surrenders, loans or death benefits, until instructions are received from the appropriate regulatory authority.

**When Your Account Will Be Credited**

Depending on your retirement plan, Purchase Payments may be made by your employer for your account or by you for certain non-qualified Contracts. It is the employer's or the individual's responsibility to ensure that the Purchase Payment can be promptly posted to the appropriate account(s).

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A Purchase Payment must be "in good order" before it can be posted to your account. "*In good order*" means fully and accurately completed form(s) and/or instructions, including necessary documentation and that all required information and/or documentation applicable to any given transaction has been received by us and, where applicable, that the funds (check, wire, or ACH) clearly identify the individual SSN to which they are to be applied. To ensure efficient posting for Employer-Directed accounts, Purchase Payment information must include complete instructions, including the group name and number, each employee's name and SSN, contribution amounts (balanced to the penny for the total purchase) and the source of the funds (for example, employee voluntary, employer mandatory, employer match, transfer, rollover or a contribution for a particular tax year). Purchase Payments for individual accounts must include the name, SSN, and the source of the funds (for example, transfer, rollover, or a contribution for a particular tax year).

If a subsequent Purchase Payment is in good order as described and is received by our bank by Market Close, the appropriate account(s) will be credited the Business Day of receipt. Purchase Payments in good order received after Market Close will be credited on the next Business Day. See the ***Account Establishment*** section above for information about initial Purchase Payments.

Note that if the Purchase Payment is not in good order, the employer or individual will be notified promptly. No amounts will be posted to any accounts until all issues with the Purchase Payment have been resolved. If a Purchase Payment is not received in good order, the purchase amounts will be posted effective the Business Day all required information is received.

We will allocate Purchase Payments (less any charges) to the Variable Investment Option(s) and Fixed Account Option(s) selected by you. Each selection must be a whole percentage of Purchase Payments.

Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the investment options, with advance written notice. USL may make the Fixed Account Options available or close the Fixed Account Options as frequently as it determines at any point in time while the Contract is in force, provided USL gives advance written notice in each case.

**Purchase Units**

A Purchase Unit is a unit of interest owned by you in your Variable Investment Option. Purchase Unit values are calculated each Business Day following Market Close. Purchase Units may be shown as "Number of Shares" and the Purchase Unit values may be shown as "Share Price" on some account statements. See "*Purchase Unit Value*" in the SAI for more information and an illustration of the calculation of the unit value.

**Calculation of Value for Fixed Account Options**

The Fixed Account Plus and Short-Term Fixed Accounts are part of the Company's General Account. You may allocate all or a portion of your Purchase Payment to the Fixed Account Options listed in the "*Variable Investment Options and Fixed Account Options*" section in this prospectus. Purchase Payments you allocate to these Fixed Account Options are guaranteed to earn at least a minimum rate of interest. Interest is paid on each of the Fixed Account Options at declared rates, which may be different for each option. We bear the entire investment risk for the Fixed Account Options. All Purchase Payments and interest earned on such amounts in your Fixed Account Option will be paid regardless of the investment results experienced by the Company's general assets.

The value of your Fixed Account Option(s) is calculated on a given Business Day as shown below:

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| | |
|:---|:---|
|  | Value of Your Fixed Account Option(s) |
| **=** | **(equals)** |
|  | &nbsp;&nbsp; All Purchase Payments made to the Fixed Account <br> Option(s)<br>|
| **+** | **(plus)** |
|  | &nbsp;&nbsp; Amounts transferred from Variable Investment <br> Options to the Fixed Account Option(s)<br>|
| + | **(plus)** |
|  | All interest earned |
| – | **(minus)** |
|  | &nbsp;&nbsp; Amounts transferred or withdrawn from Fixed Account <br> Option(s) (including applicable fees and charges)<br>|
| – | **(minus)** |
|  | &nbsp;&nbsp; Amount deducted for payment of Advisory Program <br> Fees (if applicable)<br>|

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**Calculation of Value for Variable Investment Options** 

You may allocate all or a portion of your Purchase Payments to the Variable Investment Options listed in this prospectus as permitted by your retirement program. An overview of each of the Variable Investment Options may be found in "*Appendix A – Funds Available Under the Contract*" and the "*Variable Investment Options and Fixed Account Options*" section in this prospectus and in each Mutual Fund's prospectus. The Purchase Unit value of each Variable Investment Option will change daily depending upon the investment performance of the underlying Mutual Fund (which may be positive or negative) and the deduction of the Separate Account Charges. See "*Fees and Charges*." Your account will be credited with the applicable number of Purchase Units, including any dividend or capital gains per share declared on behalf of the underlying Fund as of that day. The number of Purchase Units you are credited is calculated the day we process your Purchase Payment. Please see the ***When Your Account Will Be Credited*** section above.

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The Purchase Unit value is determined by multiplying the Purchase Unit value for the preceding Business Day by a factor for the current Business Day. The factor is determined by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. dividing the net asset value per share of the underlying Fund at the end of the current Business Day, plus any dividend or capital gains per share declared on behalf of the underlying Fund as of that day, by the net asset value per share of the Underlying Fund for the previous Business Day; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. multiplying it by one minus all applicable daily fees and charges.

We determine the number of Purchase Units credited to your Contract by dividing the Purchase Payment by the Purchase Unit value for the specific Variable Investment Option.

If the Purchase Payment is in good order as described and is received by us by Market Close, the appropriate account(s) will be credited the Business Day of receipt and will receive that Business Day's Purchase Unit value. Purchase Payments in good order received by us after Market Close will be credited the next Business Day and will receive the next Business Day's Purchase Unit value. Because Purchase Unit values for each Variable Investment Option change each Business Day, the number of Purchase Units your account will be credited with for subsequent Purchase Payments will vary. **Each Variable Investment Option has its own investment risk. Therefore, the value of your account will fluctuate every Business Day and may be worth more or less at retirement or withdrawal and the entire loss of principal is possible.**

During periods of low short-term interest rates, and in part due to Contract fees and expenses, the yield of the Goldman Sachs VIT Government Money Market Fund may become extremely low

and possibly negative. If the daily dividends paid by the underlying Fund are less than the daily portion of the Separate Account Charges, the Purchase Unit value will decrease. In the case of negative yields, your investment in the Variable Investment Option, which invests in the Goldman Sachs VIT Government Money Market Fund, will lose value.

**Stopping Purchase Payments**

You may stop Purchase Payments at any time. You may resume Purchase Payments thereafter during the Purchase Period. The value of the Purchase Units will continue to vary, and your Account Value will continue to be subject to applicable fees and charges. The Account Value will be considered surrendered when you begin the Payout Period. You may not make Purchase Payments during the Payout Period.

If both your Account Value and Purchase Payments (less any withdrawals) fall below $300, and you do not make any Purchase Payments for at least a two-year period, we may close the account and pay the Account Value to the Participant. We will not assess a surrender charge in this instance. Any such account closure will be subject to applicable distribution restrictions under the Contract and/or under your employer's plan.

**Impact of Deduction of Advisory Program Fee on Purchase Payments**

If you are enrolled in an Advisory Program, payment of your advisory fees will result in a deduction of your Contract value by the dollar amount assessed by your investment adviser for the Advisory Program Fee and will result in a reduction of Purchase Units by that amount.

**Advisory Program**

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The Contract may be used where you have engaged the Investment Adviser to provide advice regarding the periodic allocation of investments within the Contract. As long as you are enrolled in an Advisory Program, your Investment Adviser will provide you with investment advice and will be responsible for providing transfer and reallocation instructions to USL. You may terminate an Advisory Program at any time. If you terminate the Advisory Program, your Contract will remain in force.

Your Investment Adviser is not acting on USL's behalf but rather is acting on your behalf. USL is not responsible for any investment advice that is provided to you by your Investment Adviser. USL does not offer advice about how to allocate your Account Value. USL is not responsible for any recommendations that your Investment Adviser makes, any investment models or asset allocation programs they choose to follow, or any specific transfers that are made on your behalf.

*We do not honor transfer instructions in connection with any other advisory programs that are offered through third-party, non-affiliated Investment Advisers.*

**Advisory Agreement and Fees** 

**When you enroll in the Advisory Program, you will enter into an investment advisory agreement (the "Advisory Agreement") with the Investment Adviser. USL is not a party to the Advisory Agreement.** 

**Your Investment Adviser may direct USL to withdraw a specified amount from your Account Value for the payment of advisory fees under the Advisory Program (the "Advisory Program Fee") pursuant to authorizations that you have provided to your Investment Adviser.** If you are enrolled in the Advisory Program, your Advisory Agreement will be with our affiliate, VFA, and USL will be provided with a copy of the

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Advisory Agreement in which you authorize USL to deduct the Advisory Program Fee from your Account Value. The Advisory Program Fee charged by your Investment Adviser is in addition to any fees and expenses charged under your Contract. The Advisory Program Fee will be calculated by applying the applicable fee schedule to the Account Value at each calendar quarter end and will be deducted from your Account Value within fifteen (15) days after the end of such calendar quarter. The Advisory Program Fee will be based on the value of assets in the account eligible to be managed in the Advisory Program. If you enrolled in the Advisory Program during the calendar quarter, you pay a fee only for those days in which you were enrolled in the Advisory Program. If, prior to a calendar quarter-end, the Advisory Program is terminated, the entire Account Value is transferred out of your account, or your plan sponsor terminates the Advisory Program, we will not deduct an Advisory Program Fee for that quarter.

Partial withdrawals, including those taken to pay the Advisory Program Fee, can reduce certain benefits guaranteed under the Contract, including Contract death benefits and other annuity benefits. This reduction of these guaranteed benefits resulting from the withdrawal for payment of the Advisory Program Fees will be the dollar amount of the fee assessed by your investment adviser, and, as described above, is based on a percentage of the Account Value managed by the Advisory Program. For a more detailed explanation about how the assessment of the Advisory Program Fees can affect the benefits under this Contract, please see **Impact of Deduction of Advisory Program Fees on Death Benefit** in the *Death Benefits* section and **Impact of Advisory Program Fees on Payout Payments** in the *Payout Period* section.

Please see "*Federal Tax Matters*" section and consult your tax professional regarding the impact of the Advisory Program Fees before making any election to do so.

**Reallocations & Transfer Instructions** 

While the Advisory Program is in place, you are prohibited from making transfers among investment options in the Contract. During such period, transfer instructions may only be provided by the Investment Adviser. If you terminate the Advisory Program, you may make transfers among the investment

options subject to the transfer restrictions in the section below entitled "Transfer Between Investment Options."

Unless you direct us otherwise, your Investment Adviser will forward instructions regarding the allocation of your Account Value, and will request financial transactions involving investment options. **If your Investment Adviser has this authority, we deem that all such transactions that are directed by your Investment Adviser with respect to your Contract have been authorized by you.** You will receive a confirmation of any financial transactions involving the purchase or sale of Purchase Units. You must contact us immediately by calling 1-800-448-2542 to request a termination form if and when you want to revoke such authority. We will not be responsible for acting on instructions from your Investment Adviser until we receive notification of the revocation of such person's authority. We may also suspend, cancel, or limit the Investment Adviser's authorization at any time. In addition, we may restrict the investment options available for transfers or allocation of Purchase Payments including closing one or more of the Fixed Account Options to deposits or transfers, and to transfers among the Investment Options, where advanced written notice is provided. We will notify you and your Investment Adviser if we implement any such restrictions or prohibitions.

Transfers and reallocations made by your Investment Adviser are subject to the restrictions on transfers between Investment Options that are discussed in the section below entitled "*Transfers Between Investment Options*."

**Termination of the Advisory Program** 

You may terminate the Advisory Program at any time. However, the terms and conditions of how to terminate the Advisory Program will be set forth in your Advisory Agreement. Please consult with your Investment Adviser if you have questions about terminating the Advisory Program. We may continue to rely on instructions from your Investment Adviser until we receive notice of termination of the Advisory Agreement. If you terminate the Advisory Program, your Contract will remain in force.

In order for you to transfer Account Value among investment options, you must first terminate the Advisory Program.

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**Transfers Between Investment Options** 

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You may transfer all or part of your Account Value between the various Variable Investment Options and Fixed Account Options in Portfolio Director up to the applicable limits without a charge. Transfers may be made during the Purchase Period or during the Payout Period, subject to certain restrictions. If you are enrolled in an Advisory Program, in order for you to transfer Account Value among investment options, you must first terminate the Advisory Program. **We reserve the right to limit the number, frequency (minimum period of time between transfers) or dollar amount of transfers you can make and to restrict the method and manner of providing or communicating transfers or reallocation instructions.** You will be notified of any changes to this policy through written and/or electronic notices or information posted online at www.corebridgefinancial.com/rs.

**During the Purchase Period — Policy Against Market Timing and Frequent Transfers**

USL has a policy to discourage excessive trading and market timing. Our investment options are not designed to accommodate short-term trading or "market timing" organizations, or individuals engaged in certain trading strategies, such as programmed transfers, frequent transfers, or transfers that are large in relation to the total assets of a mutual fund. These trading strategies may be disruptive to mutual funds by diluting the value of the fund shares, negatively affecting investment strategies and increasing portfolio turnover. Excessive trading may also raise fund expenses, such as recordkeeping and transaction costs, and can potentially harm fund performance. Further, excessive trading may harm fund investors, as the excessive trader takes security profits intended for the entire fund and could force securities of the underlying Fund to be sold to meet redemption needs. The premature selling and disrupted investment strategy could cause the fund's performance to suffer, and exerts downward pressure on the fund's price per share.

Accordingly, USL has certain policies and procedures intended to discourage short-term trading. If you sell Purchase Units in a

Variable Investment Option valued at $5,000 or more, whether through an exchange, transfer, or any other redemption, you will not be able to make a purchase of $5,000 or more in that same Variable Investment Option for 30 calendar days.

This policy applies only to investor-initiated trades of $5,000 or more, and does not apply to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Plan-level or employer-initiated transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Purchase transactions involving transfers of assets or rollovers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Retirement plan contributions, loans, and distributions (including hardship withdrawals);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Systematic purchases or redemptions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Systematic account reallocations and/or rebalancing; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Trades of less than $5,000.

Transfers resulting from your participation in the GPS Portfolio Manager Program administered by VFA will not count against these transfer limitations.

As described in a Fund's prospectus and statement of additional information, in addition to the above, fund purchases, transfers and other redemptions may be subject to other investor trading policies, including redemption fees, if applicable. Certain Funds may set limits on transfers in and out of a Fund within a set time period in addition to or in lieu of the policy above. Also, an employer's benefit plan may limit an investor's rights to transfer.

We intend to enforce these investor trading policies uniformly. We make no assurances, however, that all the risks associated with frequent trading will be completely eliminated by these policies and/or restrictions. If we are unable to detect or prevent market timing activity, the effect of such activity may result in additional transaction costs for the investment options and dilution of long-term performance returns. Thus, your account value may be lower due to the effect of the extra costs and resultant lower performance. We reserve the right to modify these policies at any time.

Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the investment options, with advance written notice. The Fixed Account Options are also subject to additional restrictions:

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| | | | |
|:---|:---|:---|:---|
| **Fixed Account Option** | **Value** | **Frequency** | **Other Restrictions** |
| Fixed Account Plus: | Up to 20% per <br> Participant Year<br>| At any time | If you transfer assets from Fixed Account Plus to another investment <br> option, any assets transferred back into Fixed Account Plus, if <br> permitted, within 90 days may receive a different rate of interest than <br> your new Purchase Payments.<sup>(1)</sup> <br>|
| Fixed Account Plus: | 100% | At any time | If Account Value is less than or equal to $500. |

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| | | |
|:---|:---|:---|
| **Fixed Account Option** | **Value** | **Frequency** |
| Short-Term Fixed Account: | Up to 100% | At any time<br> After a transfer into the Short-Term Fixed Account, you may not make <br> a transfer from the Short-Term Fixed Account for 90 days.<sup>(2)</sup> <br>|

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<sup>(1)</sup> If multiple transfers are made in a Participant Year, the percentages of the Account Value transferred each time will be added together to determine the 20% transfer limit for that Certificate Year. Your employer may further limit or expand the restrictions. We may charge for those modified restrictions if specified in your employer's retirement plan. For series 11 Contracts, see *Fixed Account Plus Excess Transfer Charge (Series 11 Contracts Only)* for transfers in excess of the 20% limitation.

<sup>(2)</sup> USL may change this holding period at any time in the future, but it will never be more than 180 days.

Contracts issued in connection with certain plans or programs may have different transfer restrictions due to the higher interest rates offered on Fixed Account Plus. From time to time, we may waive the 20% transfer restriction on Fixed Account Plus for transfers to other investment options.

**Communicating Transfer or Reallocation Instructions**

Transfer instructions may be given by telephone, through the internet, using the self-service automated phone system, or in writing. We encourage you to make transfers or reallocations through the internet or the self-service automated phone system for most efficient processing. We will send a confirmation of transactions to the Participant within five days from the date of the transaction. It is your responsibility to verify the information shown and notify us of any errors within 30 calendar days of the transaction.

Generally, no one may give us telephone instructions on your behalf without your written or recorded verbal consent. Financial professionals or authorized broker-dealer employees who have

received client permission to perform a client-directed transfer of value via the telephone or internet will follow prescribed verification procedures.

When receiving instructions over the telephone or online, we follow appropriate procedures to provide reasonable assurance that the transactions executed are genuine. Thus, we are not responsible for any claim, loss or expense from any error resulting from instructions received over the telephone or online. If we fail to follow our procedures, we may be liable for any losses due to unauthorized or fraudulent instructions. We reserve the right to modify, suspend, waive or terminate these transfer provisions at any time.

**Effective Date of Transfer**

The effective date of a transfer will be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The date of receipt, if received in good order by us before Market Close; otherwise,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The next date values are calculated.

**Transfers During the Payout Period**

During the Payout Period, transfer instructions must be given in writing and mailed to the Annuity Service Center. Transfers may be made between the Contract's investment options subject to the following limitations:

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| | | |
|:---|:---|:---|
| **Payout Option** | **% of Account Value** | **Frequency** |
| Variable Payout: | Up to 100% | Once every 365 days |
| Combination Fixed and Variable Payout: | Up to 100% of money in variable option payout only | Once every 365 days |
| Fixed Payout: | Not permitted | N/A |

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**Fees and Charges** 

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By investing in Portfolio Director, you may be subject to these fees and charges:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Account Maintenance Charge

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Surrender Charge

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Premium Tax Charge

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Separate Account Charges (referred to as "Base Contract Expenses" under "Fee Tables")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fund Expenses

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Advisory Program Fees

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other Charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed Account Plus Excess Transfer Charge

These fees and charges are applied to the Variable Investment Options and Fixed Account Options in proportion to the Account Value as explained below. Unless we state otherwise, we may profit from these fees and charges. For additional information about these fees and charges, see the *"Fee Tables*" section above.

**Account Maintenance Charge (Series 1 and 14 Contracts Only)**

Under a series 1 and 14 Contract, during the Purchase Period, an account maintenance charge of $3.75 will be deducted on the last Business Day of each calendar quarter if any of your money is invested in the Variable Investment Options. We will sell Purchase Units from your account to pay the account maintenance charge. If all your money in the Variable Investment Options is withdrawn, or transferred to a Fixed Account Option, the charge will be deducted at that time. The charge will be assessed pro-rata among the Variable Investment Options that make up your Account Value. We do not charge an account maintenance charge during the Payout Period.

The account maintenance charge is to reimburse the Company for our administrative expenses. This includes the expense for establishing and maintaining the record keeping for the Variable Investment Options. Certain Contracts may not be subject to this charge, as described below.

**Surrender Charge (Series 1, 5, and 7 Contracts Only)**

Under a series 1, 5, or 7 Contract, when you withdraw money from your account, you may be subject to a surrender charge that will be deducted from the amount withdrawn. Surrender charges reimburse us for the cost of Contract sales, expenses associated with issuing your Contract, and other acquisition expenses.

If you request a partial surrender of your Account Value, a surrender charge would apply to any amount that exceeds the 10% free withdrawal allowed for any Participant Year. See below for exceptions to this charge. It is assumed that any new

Purchase Payments are withdrawn before older ones; thus, the last dollar in is the first dollar out. See below for exceptions to this procedure. For information about your right to surrender, see *"Surrender of Account Value"* in this prospectus.

Amounts exchanged from other contracts issued by the Company may or may not be subject to a surrender charge. After the exchange, it is assumed that any new Purchase Payments are withdrawn before the exchanged amount. For more information, see *"Exchange Privilege"* in the SAI.

*Amount of Surrender Charge* 

A surrender charge will be the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five percent (5%) of the amount of all Purchase Payments received during the past 60 months; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five percent (5%) of the amount withdrawn.

*10% Free Withdrawal* 

In any Participant Year and if your contract or certificate is subject to a surrender charge, up to 10% of the Account Value may be withdrawn without a surrender charge. The surrender charge will apply to any amount withdrawn that exceeds this 10% limit. The percentage withdrawn will be determined by dividing the amount withdrawn by the Account Value just prior to the withdrawal. If more than one withdrawal is made during a Participant Year, each percentage will be added to determine at what point the 10% limit has been reached.

These 10% withdrawals without charge do not reduce Purchase Payments for the purpose of computing the surrender charge. If a surrender charge is applied to all or part of a Purchase Payment, no surrender charge will be applied to such Purchase Payment (or portion thereof) again. There may be a 10% premature distribution tax penalty for taking a withdrawal prior to age 59½. See "*Federal Tax Matters*" for more information.

*Exceptions to Surrender Charge* 

No surrender charge will be applied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To money applied to provide a payout option;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To death benefits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If no Purchase Payments have been received during the 60 months prior to the date of surrender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If your account has been in effect for 15 years or longer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If your account has been in effect for 5 years or longer, and you have attained age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To "No Charge Systematic Withdrawals";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Under certain contracts, to withdrawals under the No Charge Minimum Distribution provisions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If, after the original Contract issue date, you have become totally and permanently disabled, defined as

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follows: you are unable, due to mental or physical impairment, to perform the material and substantial duties of any occupation for which you are suited by means of education, training or experience; the impairment must have been in existence for more than 180 days; the impairment must be expected to result in death or be long-standing and indefinite and proof of disability must be evidenced by a certified copy of a Social Security Administration determination or a doctor's verification; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you are at least 55 years old, are no longer employed by the employer that established the plan, and your account under the plan was established at least 5 years prior to the date of surrender.

We may waive any otherwise applicable surrender charge if you reinvest the surrender proceeds in another USL product. You will, however, be subject to a surrender charge, if any, in the newly acquired product under the same terms and conditions as the original product. For purposes of calculating any surrender charge due, you will be considered to have acquired the new product as of the date you acquired the original product.

**Fixed Account Plus Excess Transfer Charge (Series 11 Contracts Only)**

Transfers from the Fixed Account Plus option are limited to 20% per Participant Year. See "*Transfers Between Investment Options*." For series 11 Contracts, transfers in excess of this limitation will be permitted; however, the excess amount transferred will be subject to a charge of 5% on the excess amount transferred. Withdrawals from the Fixed Account Option to another funding entity are considered "transfers" for purposes of this limitation.

*Exceptions to Fixed Account Plus Excess Transfer Charge* 

This charge will not be applied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Under any series other than series 11 Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To transfers from the Fixed Account Option within the 20% per Participant Year limitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To money applied to provide a payout option;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To death benefits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If, after the original Contract issue date, you have become totally and permanently disabled, defined as follows: you are unable, due to mental or physical impairment, to perform the material and substantial duties of any occupation for which you are suited by means of education, training or experience; the impairment must have been in existence for more than 180 days; the impairment must be expected to result in death or be long-standing and indefinite and proof of disability must be evidenced by a certified copy of a

Social Security Administration determination or a doctor's verification; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you retire or are separated from service.

**Premium Tax Charge**

Premium taxes are imposed by some states, cities, counties, and towns. The rate will range from 0% to 3.5%. Such tax will be deducted from the Account Value when annuity payments are to begin. We will not profit from this charge. See Appendix B for variations of the premium tax charge that may be applicable in your state.

**Separate Account Charges** 

The Separate Account Charge (also referred to as a Base Contract Expense) is 0.60%. If you are invested in series 1 or 14, the maximum Base Contract Expense in the Fee Tables reflects the inclusion of the annual maintenance charge and accordingly will reflect a higher number. This Separate Account Charge is guaranteed and cannot be increased by the Company. For a discussion of how the Separate Account Charges impact the calculation of each Division's unit value, see "*Purchase Unit Value*" in the SAI.

The Separate Account Charges compensate the Company for assuming certain risks under Portfolio Director. The Company assumes the obligation to provide payments during the Payout Period for your lifetime, no matter how long that might be. In addition, the Company assumes the obligation, during the Purchase Period, to pay a guaranteed death benefit. The Separate Account charges also may cover the costs of issuing and administering Portfolio Director and administering and marketing the Variable Investment Options, including but not limited to enrollment, participant communication and education. Separate Account Charges are applied to Variable Investment Options during both the Purchase Period and Payout Period.

The Separate Account Charges may be reduced if issued to certain types of plans that are expected to result in lower costs to USL, as discussed below. The Separate Account Charges are guaranteed and may not be increased for the life of your Contract.

*Reduction or Waiver of Account Maintenance, Surrender, or Separate Account Charges* 

We may, as described below, determine that the account maintenance charge, surrender charges, or Separate Account charges for Portfolio Director may be reduced or waived. We may reduce or waive these charges if we determine that your retirement program will allow us to reduce or eliminate administrative or sales expenses that we usually incur for retirement programs. There are a number of factors we will review in determining whether your retirement program will allow us to reduce or eliminate these administrative or sales expenses:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The type of retirement program. Certain types of retirement programs, because of their stability, can result in lower administrative costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The nature of your retirement program. Certain types of retirement programs, due to the types of employees who participate, experience fewer account surrenders, thus reducing administrative costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other factors of which we are not presently aware that could reduce administrative costs.

We review the following additional factors to determine whether we can reduce or waive account maintenance charges:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The frequency of Purchase Payments for your retirement program. Purchase Payments received no more than once a year can reduce administrative costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The administrative tasks performed by your employer for your retirement program.

The employer sponsoring your retirement program can, through its method of remitting Purchase Payments, reduce administrative costs.

We review the following additional factors to determine whether we can reduce surrender charges:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The size of your retirement program. A retirement program that involves a larger group of employees may allow us to reduce sales expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The total amount of Purchase Payments to be received for your retirement program. Larger Purchase Payments can reduce sales expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The use of mass enrollment or related administrative tasks performed by your employer for your retirement program.

We review the following additional factors to determine whether we can reduce the Separate Account charges:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The frequency of Purchase Payments for your retirement program.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The size of your retirement program.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount of your retirement program's periodic Purchase Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The method of remitting periodic Purchase Payments.

In no event will the reduction or waiver of fees and charges be permitted where the reduction or waiver would not treat similarly situated Contract Owners differently.

Additionally, under certain circumstances, and at USL's sole discretion, USL may issue a Contract credit for amounts transferred on behalf of a group contract from another plan or provider, pursuant to the terms of the Contract.

**Payments from Mutual Funds/Platform Charges** 

Some of the Mutual Funds or their affiliates have an agreement with the Company to pay the Company for administrative, recordkeeping and shareholder services it provides to the underlying Fund. We receive payments for the administrative services we perform, such as account recordkeeping, mailing of Fund related information and responding to inquiries about the Funds. Currently, these payments range from 0.00% to 0.35% of the market value of the assets invested in the underlying Fund as of a certain date, usually paid at the end of each calendar quarter.

We may also receive what is referred to as "12b-1 fees" and non-12b-1 service fees from certain underlying Funds. These fees are designed to help pay for our direct and indirect distribution costs. The 12b-1 fees and non-12b-1 service fees are generally equal to 0.25% of the daily market value of the assets invested in the underlying Fund.

From time to time some of these Fund arrangements may be renegotiated so that we receive a greater payment than previously paid.

If we do not have an arrangement to receive payments from certain Mutual Funds, we may charge a Platform Charge related to those Division(s), in order to help us manage our costs in light of the fact that the Mutual Fund is not paying us or is paying us too little. The Platform Charges are reflected in "*Appendix A – Funds Available Under the Contract*" to help you understand the cost of investing in certain Variable Investment Options.

**Fund Expenses**

Charges deducted from, and expenses paid out of, the assets of the Funds are described in the prospectuses for the Funds.

**Advisory Program Fees**

If you enrolled in an Advisory Program, your Investment Adviser may direct USL to withdraw a specified amount from your Account Value for the payment of the Advisory Program Fee pursuant to authorizations that you have provided to your Investment Adviser. The authorization for USL to deduct amounts from your Contract for payment of the Advisory Program Fee is included in the Advisory Agreement you signed with your Investment Adviser upon enrollment in the Advisory Program. The Advisory Program Fee charged by your Investment Adviser is in addition to any fees and expenses charged under your Contract. The Advisory Program Fee will be calculated by applying the applicable fee schedule to the Account Value at each calendar quarter end and will be deducted from your Account Value within fifteen (15) days after the end of such calendar quarter. The Advisory Program Fee will be based on the value of assets in the account eligible to be managed in the Advisory Program. If you enrolled in the Advisory Program during the quarter, you pay a fee only for those days in which

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you were enrolled in the Advisory Program. If, prior to a quarter-end, the Advisory Program is terminated, the entire Account Value is transferred out of your account, or your plan sponsor terminates the Advisory Program, we will not deduct an Advisory Program Fee for that quarter. You may terminate your participation in the Advisory Program at any time for any reason upon written notice to the Investment Adviser.

Deduction of the Advisory Program Fee may reduce certain benefits guaranteed under the Contract, including Contract death benefits and other annuity benefits, by the dollar amount of the Advisory Program Fee and may be subject to surrender charges, federal and state income taxes and a 10% federal penalty tax. Please see "*Impact of Advisory Program Fees*" in the **Death Benefits**, **Payout Period** and **Federal Tax Matters** sections. Please consult your tax professional regarding the impact of deducting advisory fees from Account Value before making any election to do so. See "Advisory Program" for more details.

**Other Charges**

We reserve the right to charge for certain taxes that we may have to pay. This could include federal income taxes. Currently, no such charges are being made.

Fees for plan services provided by parties other than USL or its affiliates may be assessed to participant accounts upon the direction or authorization of a plan representative. Additional fees may be withdrawn from client accounts in accordance with a client's independent investment advisory contract. Such withdrawals will be identified on applicable participant account reports or client statements.

Plan loans from the Fixed Account Options may be allowed by your employer's plan. Refer to your plan for a description of charges and other information concerning plan loans. We reserve the right to charge a fee of up to $75 per loan (if permitted under state law) and to limit the number of outstanding loans.

**Payout Period**

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The Payout Period begins when you decide to retire or when you elect to annuitize all or a portion of your Account Value. If your employer's plan permits, you may apply any portion of your Account Value to one of the types of payout options listed below. You may choose to have your Payout Payments on either a fixed basis, a variable basis, or a combination of fixed and variable basis. When you choose to have your Payout Payments on a variable basis, you may keep the same Variable Investment Options in which your Purchase Payments were made, or transfer to different ones. If you do not elect the basis upon which your Payout Payments will be made, the Payout Payments will mirror the allocation of investment options in your Contract upon annuitization. For example, if your Account Value is allocated solely to the Variable Investment Options upon annuitization and you have not made an election, Payout Payments will be made on a variable basis, or, if your Account Value is allocated to a Fixed Account Option, Payout Payments will be made on a fixed basis. Similarly, if your Account Value is allocated to both Variable Investment Options and Fixed Account Options, Payout Payments will be made on a combination of fixed and variable basis.

**Payout Payments on a Fixed Basis**

Under a payout on a fixed basis, you will receive payments that are fixed and guaranteed by the Company. The amount of these payments will depend on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Type and duration of payout option chosen;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your age or your age and the age of your survivor<sup>(1)</sup>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The portion of your Account Value being applied; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The payout rate being applied and the frequency of the payments.

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<sup>(1)</sup>

This applies only to joint and survivor payouts.

If the benefit would be greater, the amount of your payments will be based on the current payout rate the Company uses for immediate annuity contracts.

**Assumed Investment Rate**

An "Assumed Investment Rate" or "AIR" is the rate used to determine your first monthly Payout Payment per thousand dollars of account value in your Variable Investment Option. When you decide to enter the Payout Period, you will select your Payout Option, your Annuity Date, and the AIR. If you choose a higher AIR, the initial Annuity Payment will be higher, but later payments will increase more slowly during periods of good investment performance and decrease faster during periods of poor investment performance. Once the AIR is established, it cannot be changed. Rates of 3%, 3.5%, 4.5%, 5% or a higher rate may be chosen if permitted by state law and regulations. If no AIR is chosen, the AIR will be 3.5%. The dollar amount of the variable income payments stays level if the net investment return equals the AIR. Your choice of AIR may affect the duration and frequency of payments, depending on the Payout

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Option selected. For example, a higher AIR will generate a higher initial Payout Payment, but, as Payout Payments continue, they may become smaller, and eventually could be less than if you had initially selected a lower AIR. The frequency of the Payout Payments may lessen to ensure that each Payout Payment is at least $25 per month.

**Payout Payments on a Variable Basis**

With a payout on a variable basis, you may select from your existing Variable Investment Options. Your payments will vary accordingly. This is due to the varying investment results that will be experienced by each of the Variable Investment Options you selected. The Payout Unit value is calculated just like the Purchase Unit value for each Variable Investment Option except that the Payout Unit value includes a factor for the AlR you select. For additional information on how Payout Payments and Payout Unit Values are calculated, see the *SAI*.

In determining your first Payout Payment, an AIR of 3.5% is used (unless you select a higher rate as allowed by state law). If the net investment experience of the Variable Investment Option exceeds your AIR, your subsequent payments will be greater than your first payment. If the investment experience of the Variable Investment Option is lower than your AIR, your subsequent payments will be less than your first payment.

**Payout Payments on a Combination of a Fixed and Variable Basis**

With a combination fixed and variable payout, you may choose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• From your existing Variable Investment Options (payments will vary); with a

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed payout (payment is fixed and guaranteed).

**Partial Annuitization/No Commutations**

A Participant may choose to annuitize a portion of the Account Value. This will, in essence, divide the Account Value into two parts. The current non-annuitized amount would continue as before, and the Participant can continue to take withdrawals on this part of the Account. The annuitized amount will be effectively moved to a new Payout Payment account, which will not allow any additional withdrawals. Thus, the death benefit in such a situation would be reduced to the value of the amount remaining in the account minus the amount applied to Payout Payments. Depending on the payout option selected, there may also be a death benefit from the annuitized portion of the account, such as a payout for a guaranteed period. Full or partial commutations by the Participant are not permitted.

**Payout Date**

The payout date is the date elected by you on which the annuity Payout Payments will start. The date elected must be the first of any month. A request to start payments must be received in the

Annuity Service Center on a form or through other media approved by USL. This request must be received by USL by at least the fifteenth (15th) day of the month prior to the month you wish your annuity payments to start. Your account will be valued ten days prior to the beginning of the month in which the Payout Payments will start.

The following additional rules also apply when determining the payout date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The earliest payout date for qualified Contracts is generally subject to the terms of the employer-sponsored plan (including 403(b) plans and programs) under which the Contract is issued and the federal tax rules governing such Contracts and plans. The earliest payout date for a non-qualified Contract is established by the terms of the Contract and generally can be any time from age 50 to age 85, and may not be later than 85 without USL's consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Distributions from qualified Contracts issued under employer-sponsored retirement plans generally are not permitted until after you stop working for the employer sponsoring the plan, unless you have experienced a qualifying financial hardship (or in the case of a 457(b) plan, an unforeseeable emergency) or unless you have become disabled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In certain cases, and frequently in the case of your voluntary deferrals to a 403(b) or a 401(k) plan, you may begin taking distributions when you attain age 59½ even if you are still working for the employer sponsoring the plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Distributions generally must begin no later than April 1 following the calendar year you reach age 72 or the calendar year in which you retire, if later.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• All Contracts require distributions to commence within a prescribed period after the death of the Contract Owner/Participant, subject to the specific rules which apply to the type of plan or arrangement under which the contract is issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Contract may also impose minimum amounts for annuity payments, either on an annual or on a more frequent periodic basis.

For additional information on plan-level distribution restrictions and on the minimum distribution rules that apply to payments under 403(b), 401, 403(a) and 457 plans, or simplified employee plans ("SEPs"), see "*Federal Tax Matters*" in this prospectus and in the *SAI*.

**Payout Options**

You may specify the manner in which your Payout Payments are made. If you do not select a payout option, annuity payments will be made of the basis of Life with a 10-year period certain,

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commencing on the Annuity Date. You may select one of the following options:

1. ***Life Only*** — payments are made only to you during your lifetime. Under this option there is no provision for a death benefit for the Beneficiary. For example, it would be possible under this option for the Annuitant to receive only one Payout Payment if the Annuitant died prior to the date of the second payment, or two if the Annuitant died before the third payment.

2. ***Life with Guaranteed Period*** — payments are made to you during your lifetime, but if you die before the guaranteed period has expired, your Beneficiary can receive payments for the rest of your guaranteed period or take a lump-sum distribution.

3. ***Life with Cash or Unit Refund*** — payments are made to you during your lifetime. These payments are based upon your life expectancy and will continue for as long as you live. If you do not outlive the life expectancy calculated for you, upon your death, your Beneficiary may receive an additional payment. The additional payment under a fixed annuity, if any, is equal to the fixed annuity value of the Contract Owner's Account at the time it was valued for the payout date, less the Payout Payments. The additional payment under a variable annuity, if any, is equal to the variable annuity value of the Contract Owner's Account as of the date we receive Proof of Death, less the Payout Payments.

4. ***Joint and Survivor Life*** — payments are made to you during the joint lifetime of you and a second person. Upon the death of one, payments continue during the lifetime of the survivor. This option is designed primarily for couples who require maximum possible variable payouts during their joint lives and are not concerned with providing for beneficiaries at the death of the last survivor. For example, it would be possible under this option for the joint Annuitants to receive only one payment if both Annuitants died prior to the date of the second payment, or for the joint Annuitants to receive only one payment and the surviving Annuitant to receive only one payment if one Annuitant died prior to the date of the second payment and the surviving Annuitant dies prior to the date of the third payment. For example, if the Annuitant dies before receiving a Payout Payment the first Payout Payment will be made to the second designated person. If both the Annuitant and the second designated person die before the first Payout Payment is made, no Payout Payments will be made.

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

5. ***Payment for a Designated Period*** — payments are made to you for a select number of years between five and 30. Upon your death, payments will continue to your Beneficiary until the designated period is completed.

**Payout Information**

Once your Payout Payments have begun, the option you have chosen may not be stopped or changed. Any one of the Variable Investment Options may result in your receiving unequal payments during the Payout Period. If payments begin before age 59½, you may suffer unfavorable tax consequences, in the form of a penalty tax, if you do not meet an exception under federal tax law. See "**Federal Tax Matters**."

Under certain retirement plans, federal pension law may require that payments be made under the joint and survivor life payout option. Additionally, certain retirement plans, such as 457 plans, may only permit a 5-year payout period for Payout Payments.

Most Payout Payments are made monthly. The first Payout Payment must total at least $25, and the annual payment must be at least $100. If the amount of a payment is less than $25, we reserve the right to reduce the frequency of payments so that each payment is at least $25, subject to any limitations under the Contract or plan.

For more information about payout options or enhancements of those payout options available under the Contract, see the *SAI*.

**Impact of Advisory Program Fees on Payout Payments**

If you are participating in the Advisory Program and your Investment Adviser's fee is deducted from your Contract, the deduction of the Advisory Program Fee will reduce the annuitization benefit. This deduction will be the dollar amount assessed for the Advisory Program Fee and is based on a percentage of the Contract value managed by the Advisory Program. The examples below assess the impact of the deduction of Advisory Program Fees on the Contract's value upon annuitization, assuming an initial $100 deposit.

1. If, at the payout date, the Contract value has increased to $120 and you have had $1 deducted for the Advisory Program Fee, the Contract value is reduced to $119. Your Payout Payments will be based on a Contract value of $119.

2. If, at the payout date, the Contract value has decreased to $90 and you have had $1 deducted for the Advisory Program Fee, the Contract value is reduced to $89. Your Payout Payments will be based on a Contract value of $89.

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**Surrender of Account Value**

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**When Surrenders Are Allowed**

You may withdraw all or part of your Account Value at any time before the Payout Period begins if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• allowed under federal and state law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• allowed under your employer's plan.

For Purchase Payments that are contributions made under your employer's plan, such as a 401(a) or 401(k) qualified cash or deferred arrangement or a 403(b) plan, surrenders are subject to the terms of the plan, in accordance with the Code. Qualified plans often require certain conditions to be met before a distribution or withdrawal may take place. See *"Surrender Restrictions"* below*.*

For an explanation of charges that may apply if you surrender your Account Value, see *"Fees and Charges"* in this prospectus. Additionally, you may incur a 10% federal tax penalty for partial or total surrenders made before age 59½.

*Delay of payment.* We may be required under applicable law to block a request for a surrender until we receive instructions from the appropriate regulator, due to the USA PATRIOT Act. In addition, we may defer making payments from of the Fixed Account Options for up to six months, or less, if required by law. If payment is deferred, interest will accrue until the payment is made.

USL may be required to suspend or postpone the payment of a withdrawal for more than 7 days when: (1) the NYSE is closed (other than a customary weekend and holiday closings); (2) trading with the NYSE is restricted; (3) an emergency exists such that disposal of or determination of the value of shares of the Variable Investment Options is not reasonably practicable; or (4) the SEC, by order, so permits for the protection of Contract Owners.

**Surrender Process**

If you are allowed to surrender all or a portion of your Account Value during the Purchase Period as noted above, then you must complete a surrender request form or information required in other approved media and submit it to the Annuity Service Center. We will mail the surrender value to you within seven calendar days after we receive your request if it is in good order.

We may be required to suspend or postpone payments if redemption of an underlying Fund's shares have been suspended or postponed. See the *applicable Fund prospectus* for a discussion of the reasons why the redemption of shares may be suspended or postponed*.*

We may receive a surrender for a Purchase Payment that has not cleared the banking system. We may delay payment of that portion of your surrender value until the check or electronic funds transfer clears.

**Amount That May Be Surrendered**

The amount that may be surrendered during the Purchase Period can be determined as follows:

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| | | |
|:---|:---|:---|
| Allowed<br> Surrender<br> Value<br>| **= (equals)** | &nbsp;&nbsp; Your Account Value<sup>(1)</sup> <br>- **(minus)**<br> Any applicable<br> surrender charge<br>|

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<sup>(1)</sup>

Equals the Account Value next computed after your properly completed request for surrender is received in the Annuity Service Center.

There is no guarantee that the surrender value in a Variable Investment Option will ever equal or exceed the total amount of your Purchase Payments received by us. The surrender value in a Fixed Account Option will never be less than the Purchase Payments allocated to the Fixed Account Option (less amounts transferred to a Variable Investment Option or withdrawn from the Fixed Account Option).

**Surrender Restrictions**

Generally, Code section 403(b)(11) permits total or partial distributions from your voluntary contributions to a 403(b) contract only on account of hardship (employee contributions only without accrued interest), attainment of age 59½, separation from service, death or disability. Similar restrictions apply to any amount transferred to a 403(b) contract from a 403(b)(7) custodial account. In addition, beginning for contracts issued on or after January 1, 2009, employer contributions and non-elective contributions to a 403(b) annuity contract are subject to restrictions specified in Treasury regulations as specifically imposed under the employer's plan.

Single sum surrenders and partial surrenders out of the plan are not permitted, unless they are rollovers to another qualified plan or IRA, except for death benefits.

Employer-sponsored plans may also impose restrictions on the timing and form of surrenders from the Contract.

**Partial Surrenders**

You may request a partial surrender of your Account Value at any time during the Purchase Period, subject to any applicable surrender restrictions. A partial surrender plus any surrender charge will reduce your Account Value. You may specify an amount to be taken from each Fund or the amount will be distributed pro-rata against all Funds. If you do not specify, the distribution will be taken pro-rata against the Variable Investment Options and Fixed Account Options.

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The reduction in the number of Purchase Units credited to your Variable Investment Option Account Value will equal:

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| | | |
|:---|:---|:---|
| The amount<br> surrendered from the<br> Variable Investment Option<br> + **(plus)**<br> Any surrender charge<br>| &nbsp;&nbsp; ÷<br> **(divided**<br> **by)**<br>| &nbsp;&nbsp; Your Purchase Units<br> next computed after the<br> written request for<br> surrender is received at<br> the Annuity Service Center<br>|

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The surrender value will be reduced by the full quarterly account maintenance charge in the case of a full surrender during a quarter. If your Account Value falls below a certain dollar amount and you do not make a Purchase Payment over a certain period of time, as specified in your Contract, we may close your account and pay the Account Value to you.

**Systematic Withdrawals**

You may elect to withdraw all or part of your Account Value under a systematic withdrawal method as described in your Contract ("No Charge" systematic withdrawals). There will be no surrender charge for withdrawals using this method, which provides for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments to be made to you; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payment over a stated period of time, but not less than five years; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payment of a stated yearly dollar amount or percentage (the amount or percentage may not exceed 20% of your Account Value at the time election is made).

We may require a minimum withdrawal amount under this method. The portion of your account that has not been

withdrawn will continue to receive the investment return of the Variable Investment Options that you selected. You may select the specific investment option(s) from which to take distributions for most payment options, or you may elect to have your payment distributed proportionally across all the funds in which you are invested. Once begun, a "No Charge" systematic withdrawal election may not be changed, but can be revoked at no charge. If revoked, a "No Charge" systematic withdrawal may not be elected again. Systematic withdrawals that are not "No Charge" systematic withdrawals can be changed, revoked, and/or reinstated. No more than one systematic withdrawal election may be in effect at any one time. We reserve the right to discontinue any or all systematic withdrawals or to change the terms, at any time.

**Distributions Required by Federal Tax Law**

There will be no surrender charge on RMD's if the withdrawal:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Is made payable to you; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Does not exceed the amount required under federal tax law as determined by the values in your Portfolio Director Contract and USL.

You may select the specific investment option(s) from which to take distributions for most payment options, or you may elect to have your payment distributed proportionally across all the investment options in which you are invested. This Contract feature will not be available in any year that an amount has been withdrawn under *the* "No Charge" systematic withdrawal method. See *"Federal Tax Matters"* for more information about required distribution rules.

**Exchange Privilege**

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From time to time, we may offer to exchange certain fixed or variable contracts into Portfolio Director Contracts. Such an exchange offer will be made in accordance with applicable

federal securities laws and state insurance rules and regulations. We will provide the specific terms and conditions of any such exchange offer at the time the offer is made.

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**Benefits Available Under the Contract**

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**The following tables summarize information about the benefits available under the Contract.** 

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| | | | |
|:---|:---|:---|:---|
| **Standard Benefits** | **Standard Benefits** | **Standard Benefits** | **Standard Benefits** |
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Brief Description of Restrictions / Limitations** |
| Standard Death <br> Benefit<br>| &nbsp;&nbsp; Provides a death benefit <br> based on the greater of <br> Account Value or net <br> Purchase Payments<br>| No Charge | &nbsp;&nbsp; •Payable only during the Purchase Period<br> •Payable if death occurs at any age<br> •Withdrawals, including withdrawals to pay your advisory <br> fees, may significantly reduce the benefit<br> •If you have elected to enroll in the Advisory Program, the <br> Advisory Program Fees may reduce the death benefit. <br> Please see "**Impact of the Deduction of Advisory Program** <br> **Fees in Death Benefits**" in the "*Death Benefits*" section <br> below.<br>|
| Systematic <br> Withdrawals<br>| &nbsp;&nbsp; Allows you to <br> automatically receive <br> withdrawals on a <br> regular basis during the <br> Purchase Period<br>| No Charge | &nbsp;&nbsp; •Withdrawals may be subject to surrender charges<br> •No more than one systematic withdrawal election may be in <br> effect at any time<br> •We reserve the right to discontinue any or all systematic <br> withdrawals or to change the terms at any time<br>|
| No Charge <br> Systematic <br> Withdrawals<br>| &nbsp;&nbsp; Allows you to <br> automatically receive <br> withdrawals on a <br> regular basis during the <br> Purchase Period <br> without surrender <br> charges<br>| No Charge | &nbsp;&nbsp; •Withdrawals must be made to you over a period of not less <br> than five years, and the annual amount withdrawn may not <br> exceed 20% of Account Value at time of election<br> •May not change election once withdrawals begin<br> •No more than one systematic withdrawal election may be in <br> effect at any time<br> •We reserve the right to discontinue any or all systematic <br> withdrawals or to change the terms at any time<br>|
| Loans | &nbsp;&nbsp; Provides tax-free <br> access to amounts <br> invested in Fixed <br> Account Options<br>| &nbsp;&nbsp; $75 application <br> fee (per loan, <br> where permitted <br> by state law<sup>1</sup>)<br> Maximum net <br> interest rate 6%<br>| &nbsp;&nbsp; •Available only during the Purchase Period<br> •May not be taken against amounts invested in Variable <br> Investment Options<br> •Interest will accrue on outstanding loan amounts<br> •Minimum loan amount is $1,000<br>|

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| | | | |
|:---|:---|:---|:---|
| **Standard Benefits** | **Standard Benefits** | **Standard Benefits** | **Standard Benefits** |
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Brief Description of Restrictions / Limitations** |
| Advisory Program | &nbsp;&nbsp; The investment advice <br> service provided by <br> your Investment <br> Adviser<br>| Not applicable | &nbsp;&nbsp; •A separate investment advisory fee and agreement is <br> required<br> •May not be available under your employer's retirement plan <br> or in connection with your Contract<br> •If you pay any investment adviser fee from the Contract, <br> any deduction may reduce the death benefit and other <br> annuity benefits, and may be subject to surrender charges, <br> federal and state income taxes and a 10% federal penalty <br> tax.<br> •We do not honor investment adviser transfer requests in <br> connection with Advisory Programs that are offered <br> through third-party, unaffiliated Investment Advisers.<br> •You are encouraged to discuss the Advisory Program with <br> your financial professional and the impact that Advisory <br> Program Fees may have on your Contract Value before <br> electing to enroll in the Advisory Program. For more <br> information about how the deduction of Advisory Program <br> Fees may affect your Contract, please see "**Impact of** <br> **Deduction of Advisory Program Fee on Purchase** <br> **Payments**" in the "*Purchase Period*" section above, <br> "**Impact of Advisory Program Fees on Payment Payments**" <br> in the "*Payout Period*" section above, and the "**Impact of** <br> **the Deduction of Advisory Program Fees on Death** <br> **Benefit**" in the "*Death Benefits*" section below.<br>|

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<sup>1</sup> For more information about where applicable loan fees are permitted, please see "*Appendix B – State Contract Variability*" below.

**Death Benefits**

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The Contracts will pay death benefits during either the Purchase Period or the Payout Period.

**The Process**

USL requires that complete and acceptable documentation and paperwork be received from the Beneficiary in order to begin the death benefit payment process. First, Proof of Death is required. Proof of Death is defined as a certified copy of the death certificate, a certified copy of a decree of a court of competent jurisdiction as to death or a written statement by an attending physician. Additionally, the Beneficiary must include an election specifying the distribution method and any other form required by USL or a regulator to process the claim. The account will not be valued, and payments will not be made until all paperwork is in good order and in a form acceptable to USL. Your Beneficiary may contact us at 1-800-448-2542 with any questions about required documentation and paperwork. Death benefits are paid only once per Contract.

If your Account Value is reduced to zero, you may no longer make subsequent Purchase Payments or transfers, and no death benefit will be payable. Please see "*Impact of the Deduction of* 

*Advisory Program Fees on Death Benefit*" below regarding impacts to your death benefit due to the deduction of Advisory Program Fees.

**Beneficiary Information**

The Beneficiary may receive death benefits:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In a lump sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In the form of an annuity under any of the Payout Options;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In partial payments over the Beneficiary's life expectancy (where permitted); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In a manner mutually agreeable between the Beneficiary and USL that is in accordance with applicable laws and regulations.

Payment of any death benefits must be within the time limits set by federal tax law, if any. If the Beneficiary elects a life annuity for a designated or fixed period, the guarantee period cannot exceed the Beneficiary's life expectancy. After choosing a payment option, a Beneficiary may exercise many of the

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investment options and other rights that the Participant or Contract Owner had under the Contract.

**During the Purchase Period**

If death occurs during the Purchase Period, the Beneficiary will receive the standard death benefit which guarantees the return of Purchase Payments less any prior withdrawals.

As indicated above, a Contract Owner may elect to annuitize only a certain portion and leave the remaining value in the account. The death benefit in such situations would include the value of the amount remaining in the account minus the amount applied to Payout Payments. Depending on the payout option selected, there may also be a death benefit from the annuitized portion of the account.

**Death Benefit Before Age of 70**

The interest guaranteed death benefit is payable when death occurs prior to your reaching the age of 70, provided that the benefit is available in your state.

The interest guaranteed death benefit is generally calculated as is shown below. The calculation becomes more complex based upon the transfers between available investment options or product exchanges. Thus, the death benefit may only be calculated for a Beneficiary once USL receives all paperwork, including satisfactory proof of death, complete and in a form acceptable to USL.

*Step 1*: Determine your Fixed Account Option Value by taking the greater of:

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| | |
|:---|:---|
|  | Value of Fixed Account Option on date all paperwork is <br> complete and in a form acceptable to USL<br>|
| **or** |  |
|  | 100% of Purchase Payments invested in Fixed Account <br> Option<br>|
|  | – **(minus)** |
|  | Amount of all prior withdrawals from the Fixed Account <br> Option, charges and any portion of Account Value <br> applied under a Payout Option<br>|

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*Step 2*: Determine your Variable Account Option Value by taking the greater of:

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| | |
|:---|:---|
|  | Value of Variable Account Options on date all paperwork <br> is complete and in a form acceptable to USL<br>|
| **or** |  |
|  | 100% of Purchase Payments invested in Variable <br> Account Options<br>|
|  | – **(minus)** |

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| |
|:---|
| Amount of prior withdrawals (out of) or transfers (out <br> of) the Variable Account Options<br>|
| + **(plus)** |
| Interest at an annual rate as specified in your Contract |

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*Step 3*: Add step 1 + 2 = Death Benefit

For purposes of this calculation amounts transferred into the Variable Account Option will be treated as Purchase Payments.

This value may be adjusted if the total amount of any death benefit exceeds the Account Value.

**Standard Death Benefit**

The standard death benefit will be the greater of:

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| |
|:---|
| Your Account Value on the date all paperwork is in good <br> order and in a form acceptable to USL<br>|
| **or** |
| 100% of Purchase Payments (to Variable Investment <br> Options and/or Fixed Account Options)<br>|
| **(minus)** |
| Amount of all Prior Withdrawals, Charges and any <br> portion of Account Value applied under a Payout Option<br>|

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**Adjusted Purchase Payment Amount**

If the total amount of any death benefit payable from the Variable Investment Options and Fixed Account Options under the Contract exceeds the Account Value as of the date all paperwork is in good order and in a form acceptable to USL, then the total death benefit paid may be adjusted to limit the death benefit due to withdrawals. An Adjusted Purchase Payment Amount will be calculated on the date all paperwork is complete and in a form acceptable to USL, determined as follows:

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| | |
|:---|:---|
| A. | 100% of Purchase Payments |
| – | **(minus)** |
| B. | Gross Withdrawals (see below) and any portion of <br> Account Value applied under a Payout Option<br>|

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Each "Gross Withdrawal" is calculated by multiplying the Adjusted Purchase Payment Amount by a fraction. The numerator of the fraction is the amount of the withdrawal plus any associated fees and charges. The denominator of the fraction is the Account Value immediately prior to the withdrawal. Thus, each Gross Withdrawal will proportionately reduce the Adjusted Purchase Payment Amount.

The Contract death benefit and the Adjusted Purchase Payment Amount are compared. The lesser amount is then compared to

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the Account Value, and the beneficiary will receive the greater of those two amounts.

**During the Payout Period**

If the Annuitant dies during the Payout Period, the Beneficiary may receive a death benefit depending on the payout option selected. The amount of death benefit will also depend on the payout option that you selected. The payout options available are described in the "Payout Period" section of this prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the life only option or joint and survivor life option was chosen, there will be no death benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the life with guaranteed period option, life with cash or unit refund option or payment for a designated period option was chosen, and the entire amount guaranteed has not been paid, the Beneficiary may choose one of the following within 60 days after death benefits are payable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Receive the present value of any remaining payments in a lump sum; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Receive the remaining payments under the same terms of the guaranteed period option chosen by the deceased Annuitant; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Receive the present value of any remaining payments applied under the payment for a designated period option for a period equal to or shorter than the period remaining. Spousal Beneficiaries may be entitled to more favorable

treatment under the Contract and/or under federal tax law, including additional permitted delays before beginning distributions, as well as being able to continue the Contract as their own and not as a beneficiary account.

**Impact of the Deduction of Advisory Program Fees on Death Benefit**

If you are participating in the Advisory Program and your Investment Adviser's fee is deducted from your Contract, the deduction of the Advisory Program Fee may reduce the death benefit. This deduction will be the dollar amount assessed for the Advisory Program Fee and is based on a percentage of the Contract value managed by the Advisory Program. The examples below assess the impact of the Advisory Program Fee on the Contract's death benefit assuming an initial $100 deposit and no additional payments and no withdrawals.

1. If, at the end of the year, the Contract value increases to $120 and you pay a $1 Advisory Program Fee, the Contract value is reduced to $119. If you die, your Contract's death benefit is $119.

2. If, at the end of the year, the Contract value decreases to $90 and you pay a $1 Advisory Program Fee, the Contract value is reduced to $89. However, the Advisory Program Fee will not reduce the death benefit which will be at least $100 (your premium payment) (or higher if you are younger than 70 at your death) due to the Death Benefit Contract guarantee.

**Additional Information About Loans**

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The Contract offers a tax-free loan provision for tax-qualified contracts which gives you access to your money in the Fixed Account Options (subject to a minimum loan amount of $1,000). The availability of loans is subject to federal and state government regulations, as well as your employer's plan provisions and USL policy. Generally, one loan per account will be allowed. Under certain, specific circumstances, a maximum of two loans per account may be allowed. USL reserves the right to change this limit. We may charge a loan application fee if permitted under state law. Keep in mind that tax laws restrict withdrawals prior to age 59½ and a 10% tax penalty may apply (including on a loan that is not repaid).

**Interest Charged for a Loan**

For Contracts not governed by the requirements of ERISA, we charge an effective annual loan interest rate of up to 6%. For Contracts maintained under a plan subject to the requirements of ERISA, the interest rate we charge on a loan will be based on

the Moody's Corporate Bond Yield Average ending two months before the date that the interest rate is determined. The rate is determined each calendar quarter and applies for twelve months for new loans and for outstanding loans whose anniversaries occur in that quarter.

**The Effects of a Loan on Account Value, Payout Payments and the Death Benefit**

A loan, whether it is repaid or not, has a permanent effect on your Account Value. This effect occurs because the amounts borrowed are removed from your Fixed Account Options and placed in a guaranteed collateral account inside your Contract, which earns interest at a fixed rate. If the loan is not fully repaid, upon the beginning of the Payout Period, surrender, or death, then the cash value or the death benefit, as applicable, will be reduced by any foreclosure on the loan or any defaulted amount of the loan.

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**Other Contract Features**

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**Changes That May Not Be Made**

The following terms in the Contracts may not be changed once your account has been established:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Contract Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Participant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Annuitant.

**Change of Beneficiary**

The Beneficiary (if not irrevocable) may usually be changed at any time. Two or more Beneficiaries may be designated to receive separate percentage interests in the death benefits payable under the Contract. Each such Beneficiary may separately exercise the rights that a Beneficiary has under the Contract.

One or more contingent Beneficiaries may be designated. A contingent Beneficiary will receive benefits payable upon the Participant's death if all of the primary Beneficiaries have died prior to the Participant. A contingent Beneficiary will have all of the same rights as a Beneficiary during the Purchase Period or Payout Period.

Under some retirement programs, the right to name a Beneficiary other than the spouse or change a Beneficiary is subject to approval by the spouse. Also, the right to name a Beneficiary other than the spouse may be subject to certain laws and regulations applicable to the plan.

If the Annuitant dies, and there is no Beneficiary, any death benefit will be payable to the Annuitant's estate except in the case of a non-qualified Contract where the Contract Owner and Annuitant are different, in which case the death benefit is paid to the Contract Owner or the Contract Owner's estate. .

If a Beneficiary dies prior to the Participant, that Beneficiary's interest will be divided pro rata among the remaining named Beneficiaries.

If a Beneficiary dies while receiving payments, and there is no other Beneficiary to continue to receive payments, any amount still due will be paid to the Beneficiary's estate.

**Cancellation — The "Free Look" Period**

The Contract Owner of a group Contract (employer) may cancel a Contract by returning it to the Company within 20 days after it is received. (A longer period will be allowed if required under state law.) *See "Appendix B — State Contract Variability."* The "free look" does not apply to Participant certificates except in a limited number of states. We will allocate Purchase Payments as instructed during the "free look" period. To cancel the Contract, the Contract Owner must send a written request, in good order, for cancellation and return the Contract to us at the Annuity Service Center before the end of the "Free Look" period. A refund will be made to the Contract Owner within seven days

after receipt of the Contract within the required period. Generally, the amount of the refund will be equal to all Purchase Payments received or, if more, the amount required under state law. If your Contract was issued in a state requiring return of Purchase Payments, and you cancel your Contract during the "free look" period, we return the greater of (1) your Purchase Payments; or (2) the Account Value on the day we receive your request in good order at the Annuity Service Center. The Contract will be void once we issue a refund.

**We Reserve Certain Rights**

We may amend the Contracts to comply with changes in federal tax, securities, or other laws. We may also make changes to the Variable Investment Options offered under the Contracts. For example, we may add new Variable Investment Options to expand the offerings for an asset class. We may stop accepting allocations and/or investments in a particular Variable Investment Option when not in the best interest of the Contract Owner or the Separate Account, such as when the shares of the underlying Fund are no longer available for investment or if, for example, the underlying Fund is dealing with material regulatory and/or legal issues, sustained performance downturns, or significant increases in expenses. We may move assets and re-direct future premium allocations from one Variable Investment Option to another in accordance with federal and state law and, in some cases, with SEC approval. The new Variable Investment Option offered may have different fees, expenses, objectives, strategies and risks.

We may restrict your ability to combine Contracts and may modify or suspend or impose additional or different conditions with respect to options available under the Contracts, as may be allowed by federal or state law. We will not make any changes to the Contracts without Contract Owner and /or Participant (as applicable) permission except as may be allowed by federal or state law. We may add endorsements to the Contracts that would apply only to new Contract Owners and Participants after the effective date of the changes. These changes would be subject to approval by the Company and may be subject to approval by the SEC.

We reserve the right to operate the Separate Account as a management investment company under the applicable securities laws, and to deregister the Separate Account under applicable securities laws, if registration is no longer required.

We reserve the right to close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the Variable Investment Options, with advance written notice. We may make the Fixed Account Options available or close the Fixed Account Options as frequently as we determine at any point in time while the Contract is in force, provided we give advance written notice in each case.

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**Relationship to Employer's Plan**

If the Contract is being offered under a retirement plan through your employer, you should always refer to the terms and

conditions in your employer's plan when reviewing the description of the Contracts in this prospectus.

**Voting Rights**

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As discussed in the "*About USL Separate Account RS*" section of this prospectus, the Separate Account holds, on your behalf, shares of the Mutual Funds that comprise the Variable Investment Options. From time to time, the Funds may be required to hold a shareholder meeting to obtain approval from their shareholders for certain matters.

**Who May Give Voting Instructions**

During the Purchase Period, subject to any contrary provisions in the plan, the Contract Owner, Participant, or Beneficiary will have the right to give voting instructions to the Separate Account for the shareholder meetings, except as noted below. Proxy material and a form on which voting instructions may be given before the shareholder meeting is held will be mailed in advance of any shareholder meeting. Please vote each card received.

**Determination of Fund Shares Attributable to Your Account**

*During the Purchase Period*

The number of Fund shares attributable to your account will be determined on the basis of the Purchase Units credited to your account on the record date set for the Fund shareholder meeting.

*During the Payout Period or after a Death Benefit Has Been Paid*

The number of Fund shares attributable to your account will be based on the liability for future variable annuity payments to the payees on the record date set for the Fund shareholder meeting.

**How Fund Shares Are Voted**

The Separate Account will vote all of the shares of the Funds it holds based on, and in the same proportion as, the instructions given by all Participants invested in that Fund entitled to give instructions at that shareholder meeting. The Separate Account will vote the shares of the Funds it holds for which it receives no voting instruction in the same proportion as the shares for which voting instructions have been received. One effect of proportional voting is that a small number of Contract Owners may determine the outcome of a vote. In the future, we may decide how to vote the shares of the Separate Account in a different manner if permitted at that time under federal securities law.

In the event that shares of a Fund are owned by USL or an affiliated insurance company for their own benefit, such shares will be voted proportionally based on instructions received from Contract Owners.

**Federal Tax Matters**

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The Contracts generally provide tax-deferred accumulation over time, but may be subject to certain federal income and excise taxes, mentioned below. Refer to the SAI for further details. Section references are to the Code. We do not attempt to describe any potential estate or gift tax, or any applicable state, local or foreign tax law other than possible premium taxes mentioned under "Premium Tax Charge." Discussions regarding the tax treatment of any annuity contract or retirement plans and programs are intended for general informational purposes only and are not intended as tax advice, either general or individualized, nor should they be interpreted to provide any predictions or guarantees of a particular tax treatment. Such discussions generally are based upon the Company's understanding of current tax rules and interpretations, and may include areas of those rules that are more or less clear or certain. Tax laws are subject to legislative modification, and while many such modifications will have only a prospective application, it is important to recognize that a change could have

retroactive effect as well. You should seek competent tax or legal advice, as you deem necessary or appropriate, regarding your own circumstances.

**Types of Plans**

Tax rules vary, depending on the Contract offered under your employer's tax-qualified retirement program or is instead a non-qualified Contract and the Contracts are used under many types of retirement arrangements, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Section 403(b) annuities for employees of public schools, community colleges, colleges and universities, and other section 501(c)(3)

tax-exempt organizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Section 401(a), 403(a) and 401(k) qualified plans (including plans for self-employed individuals);

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Section 457 deferred compensation plans of governmental and tax-exempt employers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Section 408(k) SEPs; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Section 408(p) SIMPLE retirement accounts.

Contributions under any of these retirement arrangements generally must be made to a qualifying annuity Contract or to a qualifying trust or custodial account, in order for the contributions to receive favorable tax treatment as pre-tax contributions. Contracts purchased under these retirement arrangements generally are referenced in this document as "Qualified Contracts."

Note that the specific terms of the governing employer plan may limit a participant's rights and options otherwise available under a Contract. In addition, changes in the applicable laws or regulations may impose additional limitations or may require changes to the contract to maintain its status as a Qualified Contract.In addition, the Contracts may be used as "Nonqualified Contracts." Such Nonqualified Contracts may be issued under nonqualified deferred compensation plans, or they may serve as individual annuity contracts or certificates issued outside of the context of any formal employer-sponsored retirement plan or arrangement. Nonqualified Contracts generally may invest only in Fixed Account Options and in mutual funds that are not available to the general public outside of annuity contracts or life insurance contracts (note, life insurance is an example only and is not otherwise addressed herein). The restriction on including publicly available funds in nonqualified annuity contracts results from a longstanding IRS position articulated in a 1981 Revenue Ruling and added to the Code in 1984. The restriction generally does not apply to Qualified Contracts, as confirmed by the IRS in 1999 guidance.

**Tax Consequences in General**

Purchase Payments, distributions, withdrawals, transfers and surrender of a Contract can each have a tax effect, which varies with the governing retirement arrangement. Please refer to the detailed explanation in the SAI, the documents (if any) controlling the retirement arrangement through which the Contract is offered, and your personal tax advisor.

Purchase Payments under the Contracts can be made as contributions by employers or as pre-tax or after-tax contributions by employees, depending on the type of retirement program. Purchase Payments also can be made outside of an employer-sponsored retirement program (e.g. a non-qualified deferred annuity). After-tax Purchase Payments, including after-tax employee contributions, generally constitute "investment in the Contract." All Qualified Contracts receive deferral of tax on the inside build-up of earnings on invested Purchase Payments, until a distribution occurs. *See the SAI for a discussion of the taxation of distributions, including upon death, and special rules, including those applicable to non-natural owners of nonqualified Contracts*.

Transfers among investment options within a variable annuity Contract generally are not taxed at the time of such a transfer. However, in 1986, the IRS indicated that limitations might be imposed with respect to either the number of investment options available within a Contract, or the frequency of transfers between investment options, or both, in order for the Contract to be treated as an annuity Contract for federal income tax purposes (investor control). If imposed, USL can provide no assurance that such limitations would not be imposed on a retroactive basis to Contracts issued under this prospectus. However, USL has no present indications that the IRS intends to impose such limitations, or what the terms or scope of those limitations might be. In addition, based upon published guidance issued by the IRS in 1999, it appears likely that such limitations, if imposed, would only apply to nonqualified Contracts.

Distributions are taxed differently depending on the program through which the Contracts are offered and the previous tax characterization of the contributions to which the distribution relates. Generally, the portion of a distribution that is not considered a return of investment in the Contract is subject to income tax. For annuity payments, investment in the Contract is recovered ratably over the expected payout period. Special recovery rules might apply in certain situations. Non-periodic payments such as partial withdrawals and full surrenders during the Purchase Period are referred to as "amounts not received as an annuity" in the Code. These types of payments are generally taxed to the extent of any gain existing in the Contract at the time of withdrawal.

Amounts subject to income tax may also incur excise or penalty taxes, under certain circumstances. Generally, as more fully discussed in the SAI, taxable distributions received before you attain age 59½ are subject to a 10% penalty tax in addition to regular income tax, unless you make a rollover, in the case of a Qualified Contract, to another tax-deferred investment vehicle or meet certain exceptions. Note that a distribution from a 457(b) plan is not subject to the 10% tax penalty. And, if you have to report the distribution as ordinary income, you may need to make an estimated tax payment by the due date for the quarter in which you received the distribution, depending on the amount of federal tax withheld from the distribution. When calculating your tax liability to determine whether you need to make an estimated tax payment, your total tax for the year should also include the amount of the 10% additional tax on early distributions unless an exception applies. Amounts eligible for grandfathered status afforded to pre-1982 accounts might be exempt from the 10% early withdrawal penalty. The SAI lists a number of additional exceptions to the 10% early withdrawal penalty. Please consult with your tax advisor concerning these exceptions, tax reporting, and the tax-related effects of an early distribution. Required tax withholding will vary according to the type of program, type of payment and your tax status. In addition, amounts received under all Contracts may be subject to state income tax withholding requirements.

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In addition, distributions from certain contracts may be subject to a 3.8% tax on net investment income on investment income in excess of applicable thresholds for Modified Adjusted Gross Income ("MAGI"; $250,000 for joint filers; $125,000 for married individuals filing separately; and, $200,000 for individual filers). An individual with MAGI in excess of the applicable MAGI threshold will be required to pay this tax on net investment income in excess of that threshold. For this purpose, net investment income generally will include taxable withdrawals from a Non-Qualified contract, as well as other taxable amounts including amounts taxed annually to an owner that is not a natural person (see final paragraph in this section). This tax generally does not apply to Qualified Contracts; however, taxable distributions from such contracts may be taken into account in determining the applicability of the MAGI thresholds.

On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law as part of larger appropriations legislation. Additionally, the SECURE 2.0 Act of 2022 (SECURE 2.0) was passed on December 29, 2022. The SECURE and SECURE 2.0 Acts include many provisions affecting Qualified Contracts, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an increase in the age at which required minimum distributions (RMDs) generally must commence. The updated RMD ages are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ Age 75 if you were born on or after January 1, 1960

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ Age 73 if you were born on or after January 1, 1951 and before January 1, 1960

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ Age 72 if you were born on or after July 1, 1949 and before January 1, 1951

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ Age 70½ if you were born before July 1, 1949

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• new limitations on the period for beneficiary distributions following the death of the plan participant or IRA owner (when the death occurs on or after January 1, 2020);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• elimination of the age 70½ restriction on IRA contributions for tax years beginning in 2020 (combined with an offset to the amount of eligible qualified charitable distributions (QCDs) by the amount of post-70½ IRA contributions);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• new exceptions to the 10% additional tax on early distributions, for the birth or adoption of a child, which also became an allowable plan distribution event (starting in 2020) for terminal illness and for eligible distributions for domestic abuse victims (starting in 2024);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• expansion of distribution and loan rules (including loan repayment) for qualified disaster recovery distributions from certain employer-sponsored retirement plans and IRAs; and,

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a reduction of the earliest permissible age for in-service distributions from pension plans and governmental Section 457 plans to 59½, starting in 2020.

Some provisions in these acts are subject to the terms of an employer's retirement plan.

The foregoing is not an exhaustive list. The SECURE and SECURE 2.0 Acts included many additional provisions affecting Qualified Contracts. Additionally, on July 19, 2024, the IRS and Treasury Department released final regulations and proposed regulations under Code section 401(a)(9). The proposed regulations include proposed updates for the RMD changes made by the SECURE Act.

In 2019 the IRS issued multiple letter rulings to individual insurance companies recognizing the ability, in specific circumstances, to treat the payment of investment advisory fees to an investment advisor out of nonqualified contracts as non-taxable withdrawals from the contracts. IRS letter rulings generally may only be relied upon by the party to whom they are issued.

USL obtained such a Private Letter Ruling. However, USL only administers the terms of the Private Letter Ruling for the GPS Portfolio Manager Program, which are offered through VFA, our affiliate. Accordingly, the description below only applies to such programs. This means if you participate in a third-party Advisory Program and VFA is not your Investment Adviser, partial withdrawals, including Investment Adviser fees, taken from a non-qualified individual contract will be considered distributions or withdrawals for tax purposes and will be treated as a taxable distribution. Under the terms of USL's Private letter Ruling obtained in September 2020, the Advisory Agreement with the Investment Adviser must provide that the Investment Adviser will help you select investment options for the Contract. Advisory Program Fees for such services must not exceed an annual rate of 1.50% of the Contract's cash value for the period to which the Advisory Program Fees relate. The Contract owner is solely liable for the fees. The Advisory Program Fees may not constitute compensation to the Adviser for servicers related to any assets other than the Contract. The Advisory Program Fees are an expense of the Contract and not a distribution to you as the owner. Any payment of advisory fees inconsistent which such requirements may be treated as withdrawals for tax purposes by the Company and/or by the IRS. Notwithstanding tax treatment of Advisory Program Fees by the Company, federal and/or state taxing authorities could determine that such fees should be treated as taxable withdrawals. In such circumstances any expenses prior to your attainment of age 59½ could result in a 10% early withdrawal penalty tax in addition to income tax.

Investment earnings on contributions to nonqualified Contracts that are owned by non-natural persons (except for trusts or other entities as agent for a natural person) will be taxed currently to the Contract Owner and such Contracts will not be treated as annuities for federal income tax purposes.

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*Important Information Regarding 403(b) Regulations*

On July 26, 2007, the Department of the Treasury published final 403(b) regulations that became largely effective on January 1, 2009. These comprehensive regulations include several rules and requirements, such as a requirement that employers maintain their 403(b) plans pursuant to a written plan. The final regulations, subsequent IRS guidance, and the terms of the written plan may impose restrictions on both new and existing contracts, including restrictions on the availability of loans, distributions, transfers and exchanges, regardless of when a contract was purchased.

In general, certain contracts originally established by a 90-24 transfer prior to September 25, 2007 are exempt (or

grandfathered) from some of the requirements of the final regulations; provided that no salary reduction or other contributions have ever been made to the contract, and that no additional transfers are made to the contract on or after September 24, 2007. Further, contracts that are not grandfathered were generally required to be part of, and subject to the requirements of an employer's 403(b) plan upon its establishment, but no later than by January 1, 2009.

The foregoing discussion is intended as a general discussion of the requirements only, and you may wish to discuss the requirements of the regulations and/or the general information above with your tax advisor.

**Legal Proceedings**

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There are no pending legal proceedings affecting the Separate Account. Various federal, state or other regulatory agencies may from time to time review, examine or inquire into the operations, practices and procedures of the Company, such as through financial examinations, subpoenas, investigations, market conduct exams or other regulatory inquiries. Based on the current status of pending regulatory examinations, investigations and inquiries involving the Company, the Company believes that none of these matters will have a material adverse effect on the ability of the principal underwriter to perform its contract with the Separate Account or of the Company to meet its obligations under the variable annuity contracts.

Various lawsuits against the Company have arisen in the ordinary course of business. As of the date of this prospectus, the Company believes that none of these matters will have a material adverse effect on the ability of the principal underwriter to perform its contract with the Separate Account or of the Company to meet its obligations under the variable annuity contracts.

**Financial Statements**

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Information about the financial statements of the Company and the Separate Account are included in the SAI. Instructions for obtaining the SAI can be found on the back cover of this

prospectus. We encourage both existing and prospective contract owners to read and understand the financial statements.

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**Appendix A — Funds Available Under the Contract**

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The availability of certain Funds can vary based on your employer. Refer to your employer's retirement program documents for a list of the employer-selected Funds available in your Contract and any limitations on the number of Funds you may choose. All Funds may not be available for all plans or Contracts.

The following is a list of Funds available under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.corebridgefinancial.com/rs/prospectus-and-reports/annuities. You can also request this information at no cost by calling 1-800-448-2542.

The current expenses and performance information below reflect fees and expenses of the Funds, but do not reflect the other fees and expenses that your Contract may charge, such as Platform Charges. Expenses would be higher, and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup>  | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** |
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup>  | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | **1 Year** | **5 Year** | &nbsp;&nbsp; **10 Year**<br> **(or life of fund)**<br>|
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; American Beacon Man Large Cap<br> Growth Fund<sup>3, 5</sup> – Investor Class<br> *Adviser: American Beacon Advisors, Inc.*<br> *Sub-Adviser: Numeric Investors LLC*<br>| 1.12% |  | 1.12% | 23.60% | 14.47% | 15.58%\* |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Systematic Growth Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Goldman Sachs Asset* <br> *Management, L.P. and Wellington Management* <br> *Company LLP*<br>| 0.65% |  | 0.65% | 34.48% | 13.26% | 14.17% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Capital Appreciation Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Columbia Management Investment* <br> *Advisers, LLC*<br>| 0.77% |  | 0.77% | 31.78% | 17.48% | 14.45% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Dividend Value Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: BlackRock Investment* <br> *Management, LLC and ClearBridge Investments,* <br> *LLC*<br>| 0.68% |  | 0.68% | 12.84% | 8.00% | 8.50% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Growth Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: BlackRock*<br>| 0.62% |  | 0.62% | 32.74% | 16.43% | 14.46% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Large Capital Growth Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Massachusetts Financial Services* <br> *Company*<br>| 0.70% |  | 0.70% | 16.24% | 12.44% | 13.21% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Nasdaq-100<sup>®</sup> Index Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.43% |  | 0.43% | 54.49% | 22.00% | 17.26% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Stock Index Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.23% |  | 0.23% | 25.27% | 19.55% | 17.90% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Systematic Core Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Goldman Sachs*<br>| 0.64% |  | 0.64% | 23.11% | 14.06% | 12.32% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Systematic Value Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Wellington Management*<br>| 0.65% |  | 0.65% | 16.74% | 9.02% | 8.41% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; U.S. Socially Responsible Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.36% |  | 0.36% | 18.61% | 11.99% | 11.50% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Vanguard Windsor II Fund<sup>3</sup> – Investor Shares<br> *Advisers: Aristotle Capital Management, LLC;* <br> *Hotchkis and Wiley Capital Management, LLC;* <br> *Lazard Asset Management LLC; and Sanders* <br> *Capital, LLC*<br>| 0.32% | 0.25% | 0.57% | 14.21% | 12.10% | 10.35% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** |
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | **1 Year** | **5 Year** | &nbsp;&nbsp; **10 Year**<br> **(or life of fund)**<br>|
| **Domestic Mid-**<br> **Cap Equity**<br> &nbsp;&nbsp; Ariel Appreciation Fund<sup>3</sup> – Investor Class<br> *Adviser: Ariel Investments, LLC*<br>| 1.14% |  | 1.14% | 6.30% | 6.83% | 6.13% |
| **Domestic Mid-**<br> **Cap Equity**<br> &nbsp;&nbsp; Mid Cap Strategic Growth Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Janus Henderson Investors US LLC* <br> *and Voya Investment Management Co. LLC*<br>| 0.74% |  | 0.74% | 19.78% | 11.99% | 12.04% |
| **Domestic Mid-**<br> **Cap Equity**<br> &nbsp;&nbsp; Mid Cap Value Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Boston Partners Global Investors,* <br> *Inc. d/b/a Boston Partners and Wellington* <br> *Management*<br>| 0.82% |  | 0.82% | 10.85% | 9.44% | 8.38% |
| **Domestic Mid-**<br> **Cap Equity**<br> &nbsp;&nbsp; Mid Cap Index Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.35% |  | 0.35% | 13.51% | 9.94% | 9.32% |
| **Domestic Small-**<br> **Cap Equity**<br> &nbsp;&nbsp; Ariel Fund<sup>3</sup> – Investor Class<br> *Adviser: Ariel*<br>| 1.00% |  | 1.00% | 11.80% | 8.56% | 7.62% |
| **Domestic Small-**<br> **Cap Equity**<br> &nbsp;&nbsp; Small Cap Growth Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: American Century Investment* <br> *Management, Inc. and T. Rowe Price Associates,* <br> *Inc.*<br>| 0.87% |  | 0.87% | 10.85% | 5.38% | 9.90% |
| **Domestic Small-**<br> **Cap Equity**<br> &nbsp;&nbsp; Small Cap Index Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.37% |  | 0.37% | 11.21% | 7.02% | 7.52% |
| **Domestic Small-**<br> **Cap Equity**<br> &nbsp;&nbsp; Small Cap Special Values Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Allspring Global Investments, LLC*<br>| 1.07% |  | 1.07% | 6.48% | 7.53% | 8.25% |
| **Domestic Small-**<br> **Cap Equity**<br> &nbsp;&nbsp; Small Cap Value Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.81% |  | 0.81% | 9.08% | 8.05% | 6.58% |
| **Global Equity**<br> **(International**<br> **and Domestic)**<br> &nbsp;&nbsp; Global Strategy Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Franklin Advisers, Inc. and* <br> *Brandywine Global Investment Management LLC*<br>| 0.65% |  | 0.65% | 12.15% | 3.96% | 3.37% |
| **Global Equity**<br> **(International**<br> **and Domestic)**<br> &nbsp;&nbsp; International Socially Responsible Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.58% |  | 0.58% | 2.96% | 4.38% | 6.46% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** |
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | **1 Year** | **5 Year** | &nbsp;&nbsp; **10 Year**<br> **(or life of fund)**<br>|
| **International**<br> **Equity**<br> &nbsp;&nbsp; Emerging Economies Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.95% |  | 0.95% | 11.41% | 1.73% | 3.59% |
| **International**<br> **Equity**<br> &nbsp;&nbsp; International Equities Index Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.43% |  | 0.43% | 3.13% | 4.27% | 4.86% |
| **International**<br> **Equity**<br> &nbsp;&nbsp; International Growth Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: MSIM and Morgan Stanley* <br> *Investment Management Co.*<br>| 0.81% |  | 0.81% | 6.58% | 4.85% | 6.67% |
| **International**<br> **Equity**<br> &nbsp;&nbsp; International Opportunities Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Invesco Advisers, Inc. and* <br> *Wellington Management*<br>| 1.00% |  | 1.00% | -2.39% | 0.98% | 5.05% |
| **International**<br> **Equity**<br> &nbsp;&nbsp; International Value Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Goldman Sachs and Columbia* <br> *Management Investment Advisers, LLC*<br>| 0.78% |  | 0.78% | 8.43% | 4.41% | 3.74% |
| **Specialty**<br> &nbsp;&nbsp; Global Real Estate Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Duff & Phelps Investment* <br> *Management Co. and MFS* <br>| 0.91% |  | 0.91% | 1.40% | -0.99% | 2.63% |
| **Specialty**<br> &nbsp;&nbsp; Invesco Balanced-Risk Commodity Strategy <br> Fund<sup>3, 5</sup> – Class R5<br> *Adviser: Invesco Advisers, Inc.*<br>| 1.15% |  | 1.15% | 5.69% | 7.33% | 2.54% |
| **Specialty**<br> &nbsp;&nbsp; Science & Technology Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: BlackRock and Voya* <br>| 0.91% |  | 0.91% | 32.60% | 17.23% | 17.41% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** |
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | **1 Year** | **5 Year** | &nbsp;&nbsp; **10 Year**<br> **(or life of fund)**<br>|
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Aggressive Growth Lifestyle Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.58% |  | 0.58% | 14.23% | 8.07% | 7.59% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Asset Allocation Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.65% |  | 0.65% | 15.00% | 8.21% | 6.54% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Conservative Growth Lifestyle Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.62% |  | 0.62% | 7.53% | 4.17% | 4.53% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Moderate Growth Lifestyle Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.58% |  | 0.58% | 10.82% | 6.64% | 6.56% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2015 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.74% |  | 0.74% | 8.54% | 5.14% | 5.62% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2020 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.76% |  | 0.76% | 8.90% | 5.48% | 6.13% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2025 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.78% |  | 0.78% | 9.44% | 6.07% | 6.70% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2030 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.80% |  | 0.80% | 10.46% | 6.79% | 7.31% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2035 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.83% |  | 0.83% | 11.67% | 7.59% | 7.89% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2040 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.84% |  | 0.84% | 12.84% | 8.29% | 8.38% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2045 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.85% |  | 0.85% | 13.61% | 8.79% | 8.70% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2050 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.87% |  | 0.87% | 13.89% | 8.91% | 8.76% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2055 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.88% |  | 0.88% | 13.96% | 8.88 | 8.74 |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2060 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.89% |  | 0.89% | 13.97% | 8.89% | 8.74%\* |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Vanguard LifeStrategy Conservative Growth <br> Fund<sup>3, 4</sup> – Investor Shares<br> *Adviser: The Vanguard Group, Inc.*<br>| 0.12% | 0.25% | 0.37% | 7.54% | 3.99% | 4.82% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Vanguard LifeStrategy Growth Fund<sup>3, 4</sup> – Investor <br> Shares<br> *Adviser: Vanguard*<br>| 0.14% | 0.25% | 0.39% | 13.18% | 7.99% | 7.95% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Vanguard LifeStrategy Moderate Growth Fund<sup>3, 4</sup> – <br> Investor Shares<br> *Adviser: Vanguard*<br>| 0.13% | 0.25% | 0.38% | 10.31% | 6.00% | 6.41% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Vanguard Wellington Fund<sup>3</sup> – Investor Shares<br> *Adviser: Wellington Management*<br>| 0.25% | 0.25% | 0.51% | 14.76% | 8.15% | 8.36% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** |
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | **1 Year** | **5 Year** | &nbsp;&nbsp; **10 Year**<br> **(or life of fund)**<br>|
| **Fixed Income**<br> &nbsp;&nbsp; Core Bond Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: PineBridge Investments LLC and* <br> *JPMIM*<br>| 0.48% |  | 0.48% | 1.69% | 0.04% | 1.59% |
| **Fixed Income**<br> &nbsp;&nbsp; Goldman Sachs VIT Government Money Market <br> Fund<sup>5</sup> – Institutional Shares<br> *Adviser: Goldman Sachs*<br>| 0.18% |  | 0.18% | 5.17% | 2.42% | 1.70% |
| **Fixed Income**<br> &nbsp;&nbsp; Government Securities Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.60% |  | 0.60% | 1.14% | -0.50% | 0.84% |
| **Fixed Income**<br> &nbsp;&nbsp; High Yield Bond Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Wellington Management*<br>| 0.68% |  | 0.68% | 6.52% | 3.69% | 4.58% |
| **Fixed Income**<br> &nbsp;&nbsp; Inflation Protected Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Wellington Management*<br>| 0.59% |  | 0.59% | 1.18% | 1.59% | 1.95% |
| **Fixed Income**<br> &nbsp;&nbsp; International Government Bond Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: PineBridge*<br>| 0.81% |  | 0.81% | -1.00% | -1.82% | 0.41% |
| **Fixed Income**<br> &nbsp;&nbsp; Vanguard Long-Term Investment-Grade Fund<sup>3</sup> – <br> Investor Shares<br> *Advisers: Wellington Management and Vanguard*<br>| 0.21% |  | 0.21% | -2.80% | -2.31% | 1.75% |
| **Fixed Income**<br> &nbsp;&nbsp; Vanguard Long-Term Treasury Fund<sup>3</sup> – Investor <br> Shares<br> *Adviser: Vanguard*<br>| 0.20% |  | 0.20% | -6.41% | -5.16% | -0.73% |

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\* Average Annual Total Returns is since inception of the Fund.

<sup>1</sup> The following adviser/sub-adviser abbreviations are used in this table:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Allspring – Allspring Global Investments, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ariel – Ariel Investments, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• BlackRock – BlackRock Investment Management, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Goldman Sachs – Goldman Sachs Asset Management, L.P.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• JPMIM – J.P. Morgan Investment Management Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MFS – Massachusetts Financial Services Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MSIM – Morgan Stanley Investment Management Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• PineBridge – PineBridge Investments LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price – T. Rowe Price Associates, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• VALIC – The Variable Annuity Life Insurance Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Vanguard – The Vanguard Group, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Voya – Voya Investment Management Co. LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Wellington Management – Wellington Management Company LLP

<sup>2</sup> A VALIC Company I Fund.

<sup>3</sup> A Public Fund. If your Contract is a tax-deferred nonqualified annuity that is not part of your employer's retirement plan, the Variable Investment Options that are invested in Mutual Funds available to the public outside of annuity contracts, life insurance contracts, or certain employer-sponsored retirement plans ("Public Funds") will not be available within your Contract.

<sup>4</sup> The Vanguard LifeStrategy Funds' board of trustees allocates each Fund's assets among the underlying funds based on the Fund's investment objective and policies. The board may change these allocations from time to time without shareholder approval. The investment adviser to the underlying funds is Vanguard.

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<sup>5</sup> This Fund is subject to an expense reimbursement or fee waiver arrangement resulting in a temporary expense reduction. See the Fund prospectus for additional information.

<sup>6</sup> A Platform Charge may only be increased to the extent that the Base Contract Expense plus the Platform Charge does not exceed 0.85%.

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**Appendix B — State Contract Variability** 

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

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| | | |
|:---|:---|:---|
| **Prospectus** | **Provision Availability or Variation** | **Issue State** |
| Free Look | Free Look period is 20 days or 30 days if this is a replacement. The Free Look amount is the return of all <br> purchase payments allocated to the contract.<br>| Alaska |
| Free Look | If you are age 65 or older on the Contract issue date, the Free Look period is 30 days. | Arizona |
| Free Look | If you are age 60 or older on the Contract issue date, the Free Look period is 30 days. If you invest in the <br> Fixed Account, the Free Look amount is calculated as the Purchase Payments paid. If you invest in <br> Variable Investment Options, the Free Look amount is calculated as the greater of (1) Purchase <br> Payments or (2) the value of your Contract plus any fees paid on the day we received your request in <br> good order at the Annuity Service Center.<br>| California |
| Free Look | The Free Look period is 21 days and the amount is calculated as the value of your Contract plus fees and <br> charges on the day we receive your request in good order at the Annuity Service Center.<br>| Florida |
| Free Look | The Free Look period is 20 days. | Idaho<br> North Dakota<br> Rhode Island<br> Texas<br>|
| Free Look | The Free Look amount is calculated as the value of your Contract plus fees and charges on the day we <br> received your request in good order at the Annuity Service Center.<br>| Michigan<br> Minnesota<br> Missouri<br> Texas<br>|
| Free Look | The Free Look amount is calculated as the greater of (1) Purchase Payments including fees and charges <br> or (2) the value of your Contract on the day we receive your request in good order at the Annuity Service <br> Center.<br>| Arkansas |
| Free Look | The Free Look period is 20 days. The Free Look amount is the purchase payments made to the fixed <br> interest options and the accumulation value of the variable options on the day the contract is returned. <br> The Free Look period is 60 days for a replacement.<br>| New York |
| Death Benefit | Standard Death Benefit is paid on or after age 70 | New York |
| Death Benefit | For Contracts issued on or after March 5, 2012, the interest guaranteed death benefit is available on <br> individual nonqualified Contracts, Roth IRAs or IRAs (issued outside of an employer-sponsored <br> retirement plan) if death occurs prior to age 70; the standard death benefit is payable if death occurs on <br> or after age 70. For Contracts issued in connection with an employer-sponsored retirement plan, only <br> the standard death benefit is payable.<br>| Florida |
| Surrender Charge | For Contracts issued to individuals in the State of Oregon, no surrender charge will be applied to <br> withdrawals if your account has been in effect for 10 years or longer. In addition, we will treat funds <br> withdrawn from such Contract, when such funds are subject to surrender charges, as attributable to <br> Purchase Payments withdrawn on a first-in-first out basis. This procedure applies to Contracts issued <br> on and after July 1, 2017. The amount of the surrender charge for such Contracts will be the lessor <br> of: five percent (5%) of the amount withdrawn which is attributable to Purchase Payments received <br> during the most recent 60 months; or five percent (5%) of the total amount withdrawn.<br>| Oregon |
| Surrender Charge | For ten years from the date the Certificate was issued the charge will be 5% of either (1) the amount <br> withdrawn, or (2) the amount of any Purchase Payments received during the most recent 60 months <br> prior to the surrender or withdrawal, whichever is less. During the eleventh and twelfth Certificate Years, <br> the charge will be the lesser of the charge as described above or 1% of the amount withdrawn.<br>| Texas |
| Premium Tax | We deduct premium tax charges of 0.50% for Qualified Contracts and 2.35% for Non-Qualified <br> Contracts based on contract value when you begin the Payout Period.<br>| California |
| Premium Tax | We deduct premium tax charges of 2.0% for Non-Qualified contracts based on total Purchase payments <br> when you begin the Payout Period.<br>| Maine |
| Premium Tax | We deduct premium tax charges of 3.5% for Non-Qualified contracts based on total Purchase payments <br> when you begin the Payout Period.<br>| Nevada |
| Premium Tax | For the first $500,000 in the Contract, we deduct premium tax charges of 1.25% for Non-Qualified <br> Contracts based on total Purchase Payments when you begin the Payout Period. For any amount in <br> excess of $500,000 in the Contract, we deduct front-end premium tax charges of 0.08% for Non-<br> Qualified Contracts based on total Purchase Payments when you begin the Payout Period.<br>| South Dakota |
| Premium Tax | We deduct premium tax charges of 1.00% for Qualified Contracts and 1.00% for Non-Qualified <br> Contracts based on contract value when you begin the Payout Period.<br>| West Virginia |
| Premium Tax | We deduct premium tax charges of 1.00% for Non-Qualified contracts based on total Purchase <br> payments when you begin the Payout Period.<br>| Wyoming |

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**Appendix C — Index Information**

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The Contract is not sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, are referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Contract. The Corporations make no representation or warranty, express or implied to the owners of the Contract or any member of the public regarding the advisability of investing in securities generally or in the Contract particularly, or the ability of the Nasdaq 100 to track general stock market performance. The Corporations' only relationship to the Company ("Licensee") is in the licensing of the Nasdaq® and certain trade names of the Corporations and the use of the Nasdaq 100 which is determined, composed, and calculated by Nasdaq without regard to Licensee or the Contract. Nasdaq has no obligation to take the needs of the Licensee or the owners of the Contract into consideration in determining, composing, or calculating the Nasdaq 100. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Contract to be issued or in the determination or calculation of the equation by which the Contract is to be converted into cash. The Corporations have no liability in connection with the administration, marketing, or trading of the Contract.

THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF NASDAQ 100 OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE CONTRACT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ 100 OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ 100® OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

------

The Statement of Additional Information (SAI) contains additional information about the Contract, the Company, and the Separate Account, including financial statements. The SAI is dated the same date as this prospectus, and the SAI is incorporated by reference into this prospectus. For a free copy of the SAI, or to request other information about the Contract or make other inquiries, contact us by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mailing: Annuity Service Center, P.O. Box 15648, Amarillo, Texas 79105

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calling: 1-800-448-2542

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Visiting: www.corebridgefinancial.com/rs/prospectus-and-reports/annuities

You may also obtain reports and other information about the Separate Account on the SEC's website at www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

EDGAR Contract Identifier: C000257288

<sup>©</sup> 2025 Corebridge Financial, Inc.

All Rights Reserved.

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**THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK**

**USL SEPARATE ACCOUNT RS**

**UNITS OF INTEREST UNDER GROUP VARIABLE DEFERRED ANNUITY CONTRACTS WITH FIXED FUNDING**

**PORTFOLIO DIRECTOR**<sup>®</sup> **NY** 

**Series 1.40 to 12.40**

------

**STATEMENT OF ADDITIONAL INFORMATION**

------

**September 2, 2025**

This Statement of Additional Information ("SAI") is not a prospectus but contains information in addition to that set forth in the prospectus for Portfolio Director dated September 2, 2025 and should be read in conjunction with the prospectus. The terms used in this SAI have the same meaning as those set forth in the prospectus. A prospectus may be obtained free of charge by calling or writing The United States Life Insurance Company in the City of New York (the "Company"), at Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105; 1-800-448-2542. Prospectuses are also available on the internet at www.corebridgefinancial.com/rs/prospectus-and-reports/annuities.

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**Table of Contents**

---

| | |
|:---|:---|
| [General Information about the Contract](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_1) | 3  |
| [General Information and History about USL and the Separate Account](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_1) | 3  |
| [Services](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_1) | 3  |
| [Custodian](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_1) | 3  |
| [Additional Information regarding Federal Tax Matters](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_1) | 3  |
| [Tax Consequences of Purchase Payments](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_1) | 3  |
| [Tax Consequences of Distributions](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_4) | 6  |
| [Special Tax Consequences](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_5)[— Early Distribution](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_5) | 7  |
| [Special Tax Consequences](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_6)[— Required Distributions](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_6) | 8  |
| [Tax-Free Rollovers, Transfers and Exchanges](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_8) | 10  |
| [Effect of Tax-Deferred Accumulations](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_8) | 10  |
| [Foreign Account Tax Compliance Act ("FATCA")](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_10) | 12  |
| [Other Withholding Tax](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_10) | 12  |
| [Exchange Privilege](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_10) | 12  |
| [Calculation of Surrender Charge](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_11) | 13  |
| [Illustration of Surrender Charge on Total Surrender](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_11) | 13  |
| [Illustration of Surrender Charge on a 10 Partial Surrender Followed by a Full Surrender](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_12) | 14  |
| [Illustration of Surrender Charge on $20,000 Partial Surrender - First in First out ("FIFO") Basis](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_12) | 14  |
| [Illustration of Surrender Charge on $20,000 Partial Surrender - Last in First out ("LIFO") Basis](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_13) | 15  |
| [Purchase Unit Value](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_14) | 16  |
| [Illustration of Calculation of Purchase Unit Value](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_14) | 16  |
| [Illustration of Purchase of Purchase Units (Assuming No State Premium Tax)](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_15) | 17  |
| [Payout Payments](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_15) | 17  |
| [Assumed Investment Rate](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_15) | 17  |
| [Amount of Payout Payments](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_15) | 17  |
| [Payout Unit Value](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_16) | 18  |
| [Illustration of Calculation of Payout Unit Value](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_16) | 18  |
| [Illustration of Payout Payments](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_16) | 18  |
| [Distribution of Variable Annuity Contracts](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_16) | 18  |
| [Experts](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_17) | 19  |
| [Comments on Financial Statements](#xx_49b0d235-02e8-415c-9e22-04f88b1686ca_17) | 19 |

---

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**General Information about the Contract**

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Flexible payment deferred annuity contracts ("Contracts") are offered in connection with the prospectus to which this SAI relates. Under flexible payment Contracts, Purchase Payments generally are made until retirement age is reached. However, no Purchase Payments are required to be made after the first payment. Purchase Payments are subject to minimum payment requirements under the Contract. The Contracts are non-participating and will not share in any of the profits of the Company.

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**General Information and History about USL and the Separate Account**

------

Information about USL and the Separate Account, including their dates and forms of organization, as well as a description of USL's business and other information, can be found under "About USL" and "About USL Separate Account RS" in the section titled "General Information" of the prospectus.

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**Services**

------

Not applicable.

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**Custodian**

------

USL acts as custodian of the Separate Account. USL has custody of all assets and cash of the Separate Account and handles the collection of proceeds of shares of the Funds bought and sold by the Separate Account.

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**Additional Information regarding Federal Tax Matters**

------

*Note: Discussions regarding the tax treatment of any annuity contract or retirement plan and program are intended for general purposes only and are not intended as tax advice, either general or individualized, nor should they be interpreted to provide any predictions or guarantees of a particular tax treatment. Such discussions generally are based upon the Company's understanding of current tax rules and interpretations, and may include areas of those rules that are more or less clear or certain. Tax laws are subject to legislative modification, and while many such modifications will have only a prospective application, it is important to recognize that a change could have retroactive effect as well. You should seek competent tax or legal advice, as you deem necessary or appropriate, regarding your own circumstances. We do not guarantee the tax status or treatment of your annuity.*

This section summarizes the major tax consequences of contributions, payments, and withdrawals under the Contracts, during life and after death.

It is USL's understanding, confirmed by Internal Revenue Service (''IRS") Revenue Procedure 99-44, that a Qualified Contract described in section 401(a), 403(a), 403(b), 408(b) or 408A of the Internal Revenue Code of 1986, as amended (''Code" or "IRC") does not lose its deferred tax treatment if Purchase Payments under the contract are invested in publicly available mutual funds. It is also the understanding of USL that for each other type of Qualified Contract an independent exemption provides tax deferral regardless of how ownership of the Mutual Fund shares might be imputed for federal income tax purposes.

**Tax Consequences of Purchase Payments**

*403(b) Annuities*. Purchase Payments made by section 501(c)(3) tax-exempt organizations and public educational institutions toward Contracts for their employees are excludable from the gross income of employees to the extent aggregate Purchase Payments do not exceed several competing tax law limitations on contributions. Separate limitations apply to employee elective deferrals, and to the total of employer contributions and to your voluntary and nonelective salary reduction contributions. Income tax exclusions generally do not apply to Roth 403(b) contributions, which are made on an after-tax basis; however, these contributions are included for purposes of applying limitations to the total of the contributions for the year. Roth 403(b) employee contributions will be referred to as elective deferrals, along with voluntary salary reduction contributions.

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For 2026, your elective deferrals are generally limited to $23,500. If available under the terms of your employer-sponsored plan, individuals with 15 or more years of service with certain qualifying employers may be eligible to contribute up to an additional $3,000 in deferrals, subject to certain limitations based upon prior such contributions and contributions generally. In addition, age-based "catch-up" contributions of up to $7,500 are permitted for individuals who will be age 50 by the end of the 2026 calendar year, except those individuals who attain the age of 60, 61, 62, or 63 in 2026 will be eligible for up to $11,250 in catch up contributions. When applicable, the additional contribution for individuals with 15 or more years of service with the employer, and the age-based catch-up, may be used in the same year. However, the 15-year contribution must be applied first. Combined employer contributions, nonelective employee contributions and elective deferrals are generally limited to $70,000, or up to 100% of "includible compensation" as defined in the Code for 403(b) plans. The 15-year contributions and age-based catch-up contributions generally are in addition to these limitations. In addition, after 1988, employer contributions for highly compensated employees may be further limited by applicable nondiscrimination rules.

*401(a)/(k) and 403(a) Qualified Plans*. Purchase Payments made by an employer (or a self-employed individual) under a qualified pension, profit-sharing or annuity plan are excluded from the gross income of the employee. Purchase Payments made by an employee may be made on a pre-tax or an after-tax basis, depending on several factors, including whether the employer is eligible to establish a 401(k) or 414(h) contribution option, and whether the employer, if eligible to establish a 401(k) option, has established a Roth 401(k) option under the Plan. Starting in 2023, plans may permit an employee to designate employer matching or nonelective contributions as Roth contributions.

*408(b) Individual Retirement Annuities ("408(b) IRAs" or "Traditional IRAs")*. For 2026, annual tax-deductible contributions for 408(b) IRA Contracts are limited to the lesser of $7,000 or 100% of compensation ($8,000 if you are age 50 or older), and are generally fully deductible in 2026 only by individuals who:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are not active Participants in another retirement plan, and are not married;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) are not active Participants in another retirement plan, are married, and either (a) the spouse is not an active Participant in another retirement plan, or (b) the spouse is an active Participant, but the couple's adjusted gross income is less than $236,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) are active Participants in another retirement plan, are unmarried, and have adjusted gross income of less than $79,000; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) are active Participants in another retirement plan, are married, and have adjusted gross income of less than $126,000.

Active Participants in other retirement plans whose adjusted gross income exceeds the limits in (ii), (iii), or (iv) by less than $10,000, or (iv) by less than $20,000 are entitled to make deductible 408(b) IRA contributions in proportionately reduced amounts. If a 408(b) IRA is established for a non-working spouse who has no compensation, the annual tax-deductible Purchase Payments for both spouses' Contracts cannot exceed the lesser of $14,000 or 100% of the working spouse's earned income, and no more than $6,500 may be contributed to either spouse's IRA for any year. The $14,000 limit increases to $16,000 if both spouses are age 50 or older ($1,000 for each spouse age 50 or older).

You may be eligible to make nondeductible IRA contributions of an amount equal to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) $7,000 ($8,000 if you are age 50 or older; $14,000 for you and your spouse's IRAs, or $16,000 if you are both age 50 or older) or 100% of compensation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your applicable IRA deduction limit.

You may also make contributions of eligible rollover amounts from other tax-qualified plans and contracts. See Tax-Free Rollovers, Transfers and Exchanges.

*408A Roth Individual Retirement Annuities ("408A Roth IRAs" or "Roth IRAs")*. For 2026, annual nondeductible contributions for 408A Roth IRA Contracts are limited to the lesser of $7,000 or 100% of compensation ($8,000 if you are age 50 or older), and a full contribution may be made only by individuals who:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are unmarried and have adjusted gross income of less than $150,000; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) are married and filing jointly and have adjusted gross income of less than $236,000.

The available nondeductible 408A Roth IRA contribution is reduced proportionately to zero where modified AGI is between $236,000 and $246,000 for those who are married filing joint returns. No contribution may be made for those with modified AGI over $246,000. Similarly, the contribution is reduced for those who are single with modified AGI between $150,000 and $165,000, with no contribution for singles with modified AGI over $161,000. Similarly, individuals who are married and filing separate

------

returns and whose modified AGI is over $10,000 may not make a contribution to a Roth IRA; a portion may be contributed for modified AGI between $0 and $10,000.

All contributions to 408(b) traditional IRAs and 408A Roth IRAs must be aggregated for purposes of the annual contribution limit.

*457 Plans*. A unit of a state or local government may establish a deferred compensation program for individuals who perform services for the government unit if permitted by applicable state (and/or local) laws. In addition, a non-governmental tax-exempt employer may establish a deferred compensation program for individuals who: (i) perform services for the employer, and (ii) belong to either a select group of management or highly compensated employees and/or are independent contractors.

This type of program allows eligible individuals to defer the receipt of compensation (and taxes thereon) otherwise presently payable to them. For 2026, if the program is an eligible deferred compensation plan (an "EDCP"), you and your employer may contribute (and defer tax on) the lesser of $23,500 or 100% of your "includible" compensation (compensation from the employer currently includible in taxable income). Additionally, catch-up deferrals are permitted in the final three years before the year you reach normal retirement age under the plan and, for governmental plans only, age-based catch-up deferrals up to $7,500 are also permitted for individuals age 50 or older, except those individuals who attain the age of 60, 61, 62, or 63 in 2026 will be eligible for up to $11,250 in catch-up contributions. Generally, however, a participant cannot utilize both the catch-up in the three years before normal retirement age, and the age-based catch-up, in the same year.

The employer uses deferred amounts to purchase the Contracts offered by this prospectus. For plans maintained by a unit of a state or local government, the Contract is generally held for the exclusive benefit of plan Participants, (although certain Contracts remained subject to the claims of the employer's general creditors until 1999). For plans of non-governmental tax-exempt employers, the employee has no present ownership rights in the Contract and is entitled to payment only in accordance with the EDCP provisions and, where applicable, any trust under which the Contract may be held.

*Simplified Employee Pension Plan ("SEP")*. Employer contributions under a SEP are made to a separate individual retirement account or annuity established for each participating employee, and generally must be made at a rate representing a uniform percent of participating employees' compensation. Employer contributions are excludable from employees' taxable income. For 2026, the employer may contribute up to 25% of your eligible compensation or $70,000, whichever is less.

Through 1996, employees of certain small employers (other than tax-exempt organizations) were permitted to establish plans allowing employees to contribute pretax, on a salary reduction basis, to the SEP (known as SARSEPs). Such plans if established by December 31, 1996, may still allow employees to make these contributions. In 2026, the limit is $23,500. Additionally, you may be able to make higher contributions if you are age 50 or older, subject to certain conditions.

*SIMPLE IRA*. Employer and employee contributions under a SIMPLE IRA Plan are made to a separate individual retirement account or annuity for each employee. For 2026, employee salary reduction contributions cannot exceed $16,000. You may be able to make higher contributions if you are age 50 or older, subject to certain conditions. Employer contributions must be in the form of matching contribution or a nonelective contribution of a percentage of compensation as specified in the Code. Only employers with 100 or fewer employees can maintain a SIMPLE IRA plan, which must also be the only plan the employer maintains.

*Nonqualified Contracts*. Purchase Payments made under nonqualified Contracts, whether under an employer-sponsored plan or arrangement or independent of any such plan or arrangement, are neither excludible from the gross income of the Contract Owner nor deductible for tax purposes. However, any increase in the Purchase Unit value of a nonqualified Contract resulting from the investment performance of USL Separate Account RS is not taxable to the Contract Owner until received by him. Contract Owners that are not natural persons (except for trusts or other entities as agent for an individual), however, are currently taxable on any increase in the Purchase Unit value attributable to Purchase Payments made after February 28, 1986 to such Contracts.

*Unfunded Deferred Compensation Plans*. Private for-profit employers may establish unfunded nonqualified deferred compensation plans for a select group of management or highly compensated employees and/or for independent contractors. Certain arrangements of nonprofit employers entered into prior to August 16, 1986, and not subsequently modified, are also subject to the rules discussed below.

An unfunded deferred compensation plan is a bare contractual promise on the part of the employer to defer current wages to some future time. The assets invested in the Contract are owned by the employer and remain subject to the claims of the employer's general creditors. Private for-profit employers that are not natural persons are currently taxable on any increase in the

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Purchase Unit value attributable to Purchase Payments made on or after February 28, 1986 to such Contracts. Participants have no present right or vested interest in the Contract and are only entitled to payment in accordance with plan provisions.

**Tax Consequences of Distributions**

*403(b) Annuities*. Elective deferrals (including salary reduction amounts and Roth 403(b) contributions) accumulated after December 31, 1988, and earnings on such contributions, may not be distributed before one of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) attainment of age 59 ½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) severance from employment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) disability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) qualifying hardship (hardship distributions are limited to salary reduction contributions only, exclusive of earnings thereon);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) termination of the plan (if the plan sponsor meets the criteria of IRS guidance to terminate the plan);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) birth or adoption of a child (subject to limitations).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) qualified reservist distributions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) distribution of lifetime income investments within a certain period.

Similar restrictions will apply to all amounts transferred from a Code section 403(b)(7) custodial account other than certain rollover contributions, except that pre-1989 earnings included in such amounts generally will be eligible for a hardship distribution.

A plan under which a 403(b) annuity is held may impose additional restrictions.

As a general rule, distributions are taxed as ordinary income to the recipient in accordance with Code section 72. However, three important exceptions to this general rule are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) distributions of Roth 403(b) contributions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) qualified distributions of earnings on Roth 403(b) contributions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) other after-tax amounts in the Contract.

Distributions of Roth 403(b) contributions are tax-free. "Qualified" distributions of earnings on Roth 403(b) contributions made upon attainment of age 59 ½, upon death or disability, are tax-free as long as five or more years have passed since the first contribution to the Roth account or any Roth account under the employer's Plan. Distribution of earnings that are non-qualified are taxed in the same manner as pre-tax contributions and earnings under the Plan. Generally, distributions of other after-tax contributions to the Contract are tax-free and earnings on them are taxed as ordinary income.

*401(a)/(k) and 403(a) Qualified Plans*. Distributions from Contracts purchased under qualified plans are taxable as ordinary income, except to the extent allocable to an employee's after-tax contributions (investment in the Contract). If you or your Beneficiary receive a "lump sum distribution" (legally defined term), the taxable portion may be eligible for special 10-year income averaging treatment. Ten-year income averaging uses tax rates in effect for 1986, allows 20% capital gains treatment for the taxable portion of a lump sum distribution attributable to years of service before 1974, and is available if you were 50 or older on January 1, 1986. The distribution restrictions for 401(k) elective deferrals in Qualified Plans are generally the same as described for elective deferrals to 403(b) annuities except that for plan years beginning after December 31, 2018, earnings on elective deferrals may be included in qualified hardship distributions from 401(k) plans. The tax consequences of distributions from Qualified Plans are generally the same as described above for 403(b) annuities.

*408(b) Traditional IRAs, SEPs and SIMPLE IRAs*. Distributions are generally taxed as ordinary income to the recipient. Rollovers from a Traditional IRA to a Roth IRA, and conversions of a Traditional IRA to a Roth IRA, where permitted, are generally taxable in the year of the rollover or conversion. The taxable value of such a conversion may take into account the value of certain benefits under the Contract. Prior to 2010, individuals with adjusted gross income over $100,000 were generally ineligible for such conversions, regardless of marital status, as were married individuals who file separately. Beginning in 2010, such conversions are available without regard to income.

*408A Roth IRAs*. "Qualified" distributions upon attainment of age 59 ½, upon death or disability or for qualifying first-time homebuyer expenses are tax-free as long as five or more years have passed since the first contribution to the taxpayer's first 408A

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Roth IRA. Qualified distributions may be subject to state income tax in some states. Nonqualified distributions are generally taxable to the extent that the distribution exceeds Purchase Payments.

*457 Plans*. Amounts received from an EDCP are includible in gross income for the taxable year in which they are paid or, if a non- governmental tax-exempt employer, otherwise made available to the recipient.

*Unfunded Deferred Compensation Plans*. Amounts received are includible in gross income for the taxable year in which the amounts are paid or otherwise made available to the recipient.

*Nonqualified Contracts*. Partial redemptions from a nonqualified Contract purchased after August 13, 1982 (or allocated to post- August 13, 1982 Purchase Payments under a pre-existing Contract), generally are taxed as ordinary income to the extent of the accumulated income or gain under the Contract if they are not received as an annuity. Partial redemptions from a nonqualified Contract purchased before August 14, 1982 are taxed only after the Contract Owner has received all of his pre-August 14, 1982 investment in the Contract. The amount received in a complete redemption of a nonqualified Contract (regardless of the date of purchase) will be taxed as ordinary income to the extent that it exceeds the Contract Owner's investment in the Contract. Two or more Contracts purchased from USL (or an affiliated company) by a Contract Owner within the same calendar year, after October 21, 1988, are treated as a single Contract for purposes of measuring the income on a partial redemption or complete surrender.

When payments are received as an annuity, the Contract Owner's investment in the Contract is treated as received ratably and excluded ratably from gross income as a tax-free return of capital, over the expected payment period of the annuity. Individuals who begin receiving annuity payments on or after January 1, 1987 can exclude from income only their unrecovered investment in the Contract. Upon death prior to recovering tax-free their entire investment in the Contract, individuals generally are entitled to deduct the unrecovered amount on their final tax return.

**Special Tax Consequences — Early Distribution**

*403(b) Annuities, 401(a)/(k) and 403(a) Qualified Plans, 408(b) Traditional IRAs, SEPs and SIMPLE IRAs*. The taxable portion of distributions received before the recipient attains age 59 ½ generally are subject to a 10% penalty tax in addition to regular income tax. Distributions on account of the following generally are excepted from this penalty tax:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) disability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) separation from service after a Participant reaches age 55 (only applies to 403(b), 401(a)/(k), and 403(a) plans);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) separation from service at any age if the distribution is in the form of substantially equal periodic payments over the life (or life expectancy) of the Participant (or the Participant and Beneficiary) for a period that lasts the later of five years or until the Participant attains age 59 ½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) distributions that do not exceed the employee's tax-deductible medical expenses for the taxable year of receipt (without regard to whether deductions are itemized for the taxable year);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) distributions to an alternate payee pursuant to a domestic relations order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) payments of up to $22,000 made in connection with federally-declared disasters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) qualifying distributions upon the birth or adoption of a child;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) terminal illness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10)separation from service for (i) public safety employees of a governmental plan or (ii) firefighters, after age 50 or at least 25 years of service under the plan (only applies to 403(b), 401(a)/(k) and 403(a) plans); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11)payments up to $3,000 per year for health, life and accident insurance by certain retired public safety

officers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12)distributions to a domestic abuse victim; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13) certain amounts for emergency personal expenses.

Separation from service is not required for distributions from a Traditional IRA, SEP or SIMPLE IRA under (4) above. Certain distributions from a SIMPLE IRA within two years after first participating in the Plan may be subject to a 25% penalty, rather than a 10% penalty.

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Currently, distributions from 408(b) IRAs on account of the following additional reasons are also excepted from the 10% penalty tax:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) distributions up to $10,000 (in the aggregate) to cover costs of acquiring, constructing or reconstructing the residence of a first-time homebuyer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) distributions to cover certain costs of higher education: tuition, fees, books, supplies and equipment for the IRA owner, a spouse, child or grandchild;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) distributions to cover certain medical care or long-term care insurance premiums, for individuals who have received federal or state unemployment compensation for 12 consecutive weeks; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) distributions of net income attributable to excess IRA contributions (subject to conditions).

Other exceptions may be applicable under certain circumstances.

*408A Roth IRAs*. Distributions, other than "qualified" distributions where the five-year holding rule is met, are generally subject to the same 10% penalty tax on amounts included in income as for other IRAs. Distributions of rollover or conversion contributions may be subject to a 10% penalty tax if the distribution of those contributions is made within five years of the rollover/conversion.

*457 Plans*. Distributions generally may be made under an EDCP prior to severance from employment only upon attainment of age 59 ½, for unforeseeable emergencies or for amounts under $5,000 for inactive Participants, and are includible in the recipient's gross income in the year paid. Such distributions are not subject to the 10% early withdrawal penalty tax. The plan may impose additional restrictions on distributions.

*Nonqualified Contracts*. A 10% penalty tax applies to the taxable portion of a distribution received before age 59 ½ under a nonqualified Contract, unless the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) to a Beneficiary on or after the Contract Owner's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) upon the Contract Owner's disability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) part of a series of substantially equal annuity payments for the life or life expectancy of the Contract Owner, or the lives or joint life expectancy of the Contract Owner and Beneficiary for a period lasting the later of 5 years or until the Contract Owner attains age 59 ½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) made under an immediate annuity contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) allocable to Purchase Payments made before August 14, 1982.

**Special Tax Consequences — Required Distributions**

*403(b) Annuities*. Generally, required minimum distributions are required to be distributed from pre-tax amounts accumulated under the Contract. The Code requires that RMDs during the lifetime of the Participant generally commence no later than April 1 of the calendar year following the later of the calendar year in which the Participant attains RMD age or the calendar year in which the Participant retires. The RMD ages are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Age 73 if you were born January 1, 1951 or later.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Age 72 if you were born on or after July 1, 1949, and before January 1, 1951.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Age 70½ if you were born before July 1, 1949.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The RMD age is due to increase to age 75 after December 31, 2032.

Generally, the same minimum distributions requirements applied to Roth amounts accumulated under the Contract with respect to years starting prior to January 1, 2024. With respect to years starting after December 31, 2023, minimum distribution requirements do not apply to Roth amounts during the Contract Owner's lifetime.

In general, the amounts of RMDs must be determined under the IRS' Uniform Life Expectancy Table reflecting the joint life expectancy of the Participant and a Beneficiary not more than 10 years younger than the Participant, or if the Participant's spouse is the sole Beneficiary and is more than 10 years younger than the Participant, their joint and last survivor life expectancy. Different RMD rules apply to Contracts that are annuitized. A penalty tax of 25% is imposed on the amount by which the minimum required distribution in any year exceeds the amount actually distributed in that year.

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Amounts accumulated under a Contract on December 31, 1986 may be paid in a manner that meets the above rule or, alternatively:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) must begin to be paid when the Participant attains age 75 or retires, whichever is later; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the present value of payments expected to be made over the life of the Participant, (under the option chosen) must exceed 50% of the present value of all payments expected to be made (the "50% rule").

The 50% rule will not apply if a Participant's spouse is the joint Annuitant. Notwithstanding these pre-January 1, 1987 rules, the entire contract balance must meet the minimum distribution incidental benefit requirement of Code section 403(b)(10).

Upon the Participant's death, any remaining amounts in the Contract must be distributed in accordance with the RMD requirements of federal income tax law. These distributions must be made over a time period that depends on whether the death occurs before the RMDs were required to begin, the type of Beneficiary and whether the beneficiary is the participant's surviving spouse. The information provided below applies to Participants who die after 2019 (after 2021 for certain governmental and collectively bargained retirement plans). For Participants' deaths prior to such dates, individuals should consult their personal tax advisor regarding the applicable after-death RMD requirements.

If a Beneficiary is a "designated beneficiary" (other than an EDB, described below), the entire amount in the Contract must be distributed within 10 years after the Participant's death.

If the Beneficiary is an eligible designated beneficiary ("EDB"), Contract amounts generally either must be paid to the Beneficiary within 10 years after the Participant's death, or must begin by December 31st of the year following the year of death and be paid over the lifetime or single life expectancy of the Beneficiary. Exceptions to this rule may apply in the case of a beneficiary who is also the participant's spouse.

Eligible designated Beneficiaries are generally designated beneficiaries who are also:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the surviving spouse of the plan participant or IRA owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a minor child of the plan participant or IRA owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a qualifying disabled or chronically ill beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an individual who is not more than ten years younger than the Participant or IRA owner;

If the Beneficiary is not a designated beneficiary, the Beneficiary must receive the entire amount in the Contract within 5 years after the Participant's death.

Additional rules, requirements and exceptions may apply. Individuals should consult their personal tax advisor.

A Participant generally may aggregate his or her 403(b) Contracts and accounts for purposes of satisfying these requirements, and withdraw the required distribution in any combination from such Contracts or accounts, unless the plan, Contract, or account otherwise provides.

*401(a)/(k) and 403(a) Qualified Plans*. Minimum distribution requirements for qualified plans are generally the same as described for 403(b) Annuities, except that there is no exception for pre-1987 amounts, and multiple plans may not be aggregated to satisfy the requirement.

*408(b) Traditional IRAs, SEPs and SIMPLE IRAs.* Minimum distribution requirements are generally the same as described above for 403(b) Annuities, except that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) there is no exception for pre-1987 amounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) there is no available postponement past April 1 of the calendar year following the calendar year in which you attain RMD age.

A Participant generally may aggregate his or her IRAs for purposes of satisfying these requirements, and withdraw the required distribution in any combination from such Contracts or accounts, unless the Contract or account otherwise provides.

*408A Roth IRAs*. Minimum distribution requirements generally applicable to 403(b) Annuities, 401(a)/(k) and 403(a) qualified plans, 408(b) IRAs, SEPs and 457 Plans do not apply to 408A Roth IRAs during the Contract Owner's lifetime, but generally do apply after the Contract Owner's death.

A Beneficiary generally may aggregate his or her Roth IRAs inherited from the same decedent for purposes of satisfying these requirements, and withdraw the required distribution in any combination from such Contracts or accounts, unless the Contract or account otherwise provides.

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*457 Plans*. Beginning January 1, 1989, the minimum distribution requirements for EDCPs are generally the same as described above for 403(b) Annuities except that there is no exception for pre-1987 amounts, and multiple plans may not be aggregated to satisfy the requirement. Distributions must satisfy the irrevocable election requirements applicable to non-governmental tax-exempt employer EDCPs.

*Nonqualified Contracts*. Nonqualified Contracts do not require commencement of distributions at any particular time during the Contract Owner's lifetime, and generally do not limit the duration of annuity payments.

However, at the Contract Owner's death before payout has begun, Contract amounts generally either must be paid to the Beneficiary within 5 years, or must begin within 1 year of death and be paid over the life or life expectancy of the Beneficiary. If death occurs after commencement of (but before full) payout, distributions generally must continue at least as rapidly as in effect at the time of death. Similar distribution requirements will also apply if the Contract Owner is not a natural person, if the Annuitant dies or is changed. An exception to this rule may apply in the case of a beneficiary who is also the participant's spouse.

**Tax-Free Rollovers, Transfers and Exchanges**

*403(b) Annuities*. Tax-free transfers between 403(b) annuity Contracts and/or 403(b)(7) custodial accounts and, with the exception of distributions to and from Roth 403(b) accounts, tax-free rollovers to or from 403(b) programs to 408(b) IRAs, other 403(b) programs, 401(a)/403(a) qualified plans and governmental EDCPs are permitted under certain circumstances. Funds in a 403(b) annuity contract may be rolled directly over to a Roth IRA. Distributions from Roth 403(b) accounts may be rolled over or transferred to another Roth 403(b) account or rolled over to a Roth IRA or a Roth 401(k) or eligible Roth 457(b) account. Roth 403(b) accounts may only receive rollover contributions from other Roth accounts.

*401(a)/(k) and 403(a) Qualified Plans*. The taxable portion of certain distributions, except for distributions from Roth accounts, may be rolled over tax-free to or from a 408(b) individual retirement account or annuity, another such plan, a 403(b) program, or a governmental EDCP. Funds in a qualified contract may be rolled directly over to a Roth IRA. The rollover/ transfer rules for Qualified plans are generally the same as described for 403(b) Annuities.

*408(b) Traditional IRAs and SEPs*. Funds may be rolled over tax-free to or from a 408(b) IRA Contract, from a 403(b) program, a 401(a)/(k) or 403(a) qualified plan, or a governmental EDCP under certain conditions. In addition, tax-free rollovers may be made from one 408(b) IRA (other than a Roth IRA) to another provided that no more than one such rollover is made during any 12-month period.

*408A Roth IRAs.* Funds may be transferred tax-free from one 408A Roth IRA to another. Funds in a 408(b) IRA or eligible retirement plan (401(a)/(k), 403(b) or governmental 457(b)) may be rolled in a taxable transaction to a 408A Roth IRA.

Special, complicated rules governing holding periods and avoidance of the 10% penalty tax apply to rollovers from 408(b) IRAs to 408A Roth IRAs, and may be subject to further modification by Congress. You should consult your tax advisor regarding the application of these rules.

*408(p) SIMPLE IRAs*. Funds may generally be rolled over tax-free from a SIMPLE IRA to a 408(b) IRA. However, during the two-year period beginning on the date you first participate in any SIMPLE IRA plan of your employer, SIMPLE IRA funds may only be rolled to another SIMPLE IRA.

*457 Plans*. Tax-free transfer of EDCP amounts from tax-exempt employers are permitted only to another EDCP of a like employer. Tax-free rollovers to or from a governmental EDCP to other governmental EDCPs, 403(b) programs, 401(a)/401(k)/403(a) Qualified Plans, 408(b) IRAs are permitted under certain circumstances.

*Nonqualified Contracts*. Certain of the nonqualified single payment deferred annuity Contracts permit the Contract Owner to exchange the Contract for a new deferred annuity contract prior to the commencement of annuity payments. A full or partial exchange of one annuity Contract for another is a tax-free transaction under section 1035, provided that the requirements of that section are satisfied. However, the exchange is reportable to the IRS.

**Effect of Tax-Deferred Accumulations**

The chart below compares the results from contributions made to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract issued to a tax-favored retirement program purchased with pre-tax contributions (Purchase Payments);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A nonqualified Contract purchased with after-tax contributions (Purchase Payments); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Taxable accounts such as savings accounts.

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![](g728612florida_barchart.jpg)

This hypothetical chart compares the results of (1) contributing $100 per month to a conventional, non-tax-deferred account (shown above as "Taxable Account"); (2) contributing $100 to a nonqualified, tax-deferred annuity (shown above as "Nonqualified Contract Tax-Deferred Annuity"); and (3) contributing $100 per month ($133.33 since contributions are made before tax) to an annuity purchased under a tax-deferred retirement program (shown above as "Tax-Deferred Annuity"). The chart assumes a 25% tax rate and a 4% annual rate of return. Variable options incur separate account charges and may also incur account maintenance charges and surrender charges, depending on the contract. The chart does not reflect the deduction of any such charges or any advisory fees paid to financial intermediaries from contract value or other assets of the owner, and, if reflected, would reduce the amounts shown. Federal withdrawal restrictions and a 10% tax penalty may apply to withdrawals before age 59 ½. This information is for illustrative purposes only and is not a guarantee of future return for any specific investment.

Unlike taxable accounts, contributions made to tax-favored retirement programs and nonqualified Contracts generally provide tax-deferred treatment on earnings. In addition, pre-tax contributions made to tax-favored retirement programs ordinarily are not subject to income tax until withdrawn. As shown above, investing in a tax-favored program may increase the accumulation power of savings over time. The more taxes saved and reinvested in the program, the more the accumulation power effectively grows over the years.

To further illustrate the advantages of tax-deferred savings using a 25% federal tax bracket, an annual return (before the deduction of any fees or charges) of 4% under a tax-favored retirement program in which tax savings were reinvested has an equivalent after-tax annual return of 3% under a taxable program. The 4% return on the tax-deferred program will be reduced by the impact of income taxes upon withdrawal. The return will vary depending upon the timing of withdrawals. The previous chart represents (without factoring in fees or charges) after-tax amounts that would be received.

By taking into account the current deferral of taxes, contributions to tax-favored retirement programs increase the amount available for savings by decreasing the relative current out-of-pocket cost (referring to the effect on annual net take-home pay) of the investment, regardless of which type of qualifying investment arrangement that is selected. The chart below illustrates this principle by comparing a pre-tax contribution to a tax-favored retirement plan with an after-tax contribution to a taxable account:

**Paycheck Comparison** 

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| | | |
|:---|:---|:---|
|  | **Tax-Favored Retirement Program** | **Taxable Account** |
| Annual amount available for savings before federal taxes | &nbsp;&nbsp;&nbsp;&nbsp; $2400 | &nbsp;&nbsp;&nbsp;&nbsp; $2400 |
| Current federal income tax due on Purchase Payments | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; $(600) |
| Net retirement plan Purchase Payments | &nbsp;&nbsp;&nbsp;&nbsp; $2400 | &nbsp;&nbsp;&nbsp;&nbsp; $1800 |

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This chart assumes a 25% federal income tax rate. The $600 that is paid toward current federal income taxes reduces the actual amount saved in the taxable account to $1,800 while the full $2,400 is contributed to the tax-qualified program, subject to being taxed upon withdrawal. Stated otherwise, to reach an annual retirement savings goal of $2,400, the contribution to a tax-qualified retirement program results in a current out-of-pocket expense of $1,800 while the contribution to a taxable account requires the full $2,400 out-of-pocket expense. The tax-qualified retirement program represented in this chart is a plan type, such

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as one under section 403(b) of the Code, which allows participants to exclude contributions (within limits) from gross income. This chart is an example only and does not reflect the return of any specific investment.

**Foreign Account Tax Compliance Act ("FATCA")**

U.S. persons should be aware that FATCA, enacted in 2010, provides that a 30% withholding tax will be imposed on certain gross payments (which could include distributions from cash value life insurance or annuity products) made to a foreign entity holding accounts on behalf of U.S. persons if such entity fails to provide applicable certifications to the U.S. government. An entity, for this purpose, will be considered a foreign entity unless it provides an applicable certification to the contrary. Prospective purchasers with accounts in foreign financial institutions or foreign entities should consult with their tax advisor regarding the application of FATCA to their purchase.

**Other Withholding Tax**

A non-resident Contract Owner that is not exempt from United States federal withholding tax should consult its tax advisor as to the availability of an exemption from, or reduction of, such tax under an applicable income tax treaty, if any.

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**Exchange Privilege**

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Exchanges from variable contracts previously issued by the Company or affiliates may be exchanged into the USL Portfolio Director contract. For certain exchanges from VALIC Portfolio Director, charges or transfer restrictions may be waived on the exchange transaction.

*Surrender Charges*

If you are exchanging a contract issued by USL's affiliate, VALIC, you may have not had a surrender charge or may have had a different surrender charge schedule for partial or total surrenders. Upon completion of the exchange into the USL Portfolio Director contract, the surrender charges and the surrender charge schedule for Portfolio Director will become effective to the extent applicable.

For Series 1, 5, and 7 contracts, Portfolio Director will assess a surrender charge upon total or partial surrenders. Purchase Payments exchanged into Portfolio which were made within 5 years before the date of the exchange will be treated as Purchase Payments under Portfolio Director for purposes of calculating a surrender charge and such payments will be deemed to have been made under Portfolio Director on the date the Purchase Payments were made under the previous contract for purposes of calculating the surrender charge under Portfolio Director. For group plans, the most recent Purchase Payments are assumed to be withdrawn before older ones.

For Series 11 and Series 14 contracts of Portfolio Director, there are no surrender charges for early withdrawals. However, a 5% charge for transfers from Fixed Account Plus to other funding entities will be assessed for Series 11 contracts unless a waiver applies.

*Other Charges*

For Series 1 and Series 14 Portfolio Director contracts, a quarterly Variable Investment Option Maintenance Charge ("Maintenance Charge") of $3.75 is assessed for each calendar quarter during the Purchase Period during which any Variable Account Option Account Value is credited to a Participant's Account. The fee is to reimburse the Company for some of the administrative expenses associated with the Variable Account Options. No fee is assessed for any calendar quarter if the Account Value is credited only to the Fixed Account Options throughout the quarter. If you are exchanging a contract issued by VALIC, that contract may not have included a Maintenance Charge or such a charge may have been a different amount and, upon completion of the exchange into the USL Portfolio Director contract, such fee begins immediately if an exchange is made into any Variable Account Option offered under Portfolio Director for which a Maintenance Fee applies. For Series 5, 7, and 11 contracts, a Maintenance Charge will not be assessed.

The Maintenance Charge may also be reduced or waived by USL for Portfolio Director if the administrative expenses are expected to be lower for that Contract. To cover expenses not covered by the account maintenance charge and to compensate the Company for assuming mortality risks and administration and distribution expenses under Portfolio Director, an additional daily charge with an annualized rate of up to 1.25% (or lower amounts during the Purchase Period for different series of Portfolio Director), depending upon the Variable Account Options selected, if any, on the daily net asset value of Separate Account RS is attributable to Portfolio Director.

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*Investment Options*

Under your previous contract, you may have had a different set of Variable Investment and/or Fixed Account Options available. Under Portfolio Director, various divisions of USL Separate Account RS are available, and each division invests in a different mutual fund. Two fixed account options are also available. Variable Investment Options available in Portfolio Director are held in Separate Account RS and fixed options are held in the USL General Account.

*Guaranteed Annuity Rates*

Mortality rates have improved since annuity rates were developed for previously issued VALIC contracts. Therefore, the annuity rates guaranteed in USL Portfolio Director may be less favorable to Contract Owners and Annuitants than those guaranteed in other contracts. However, the current annuity rates being charged for fixed annuities under the "betterment of rates" provisions in the contract are more favorable than those guaranteed under Portfolio Director or the other contracts. Of course, no assurance can be given that this will continue to be true at the time of annuitization for a given contract.

*Group Unallocated Contracts* 

We do not allow exchanges from group unallocated contracts or fixed annuity contracts.

For more detailed information about the surrender and other charges, investment options, and annuity rates, please refer to the applicable Portfolio Director prospectus and your contract.

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**Calculation of Surrender Charge**

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The surrender charge is discussed in the prospectus under "Fees and Charges — Surrender Charge." Examples of calculation of the Surrender Charge upon total and partial surrender are set forth below:

**Illustration of Surrender Charge on Total Surrender**

*Example 1.*

**Transaction History** 

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| | | |
|:---|:---|:---|
| **Date** | **Transaction** | **Amount** |
| 10/1/2020 | Purchase Payment | &nbsp;&nbsp; $10000 |
| 10/1/2021 | Purchase Payment | &nbsp;&nbsp; $5000 |
| 10/1/2022 | Purchase Payment | &nbsp;&nbsp; $15000 |
| 10/1/2023 | Purchase Payment | &nbsp;&nbsp; $2000 |
| 10/1/2024 | Purchase Payment | &nbsp;&nbsp; $3000 |
| 10/1/2025 | Purchase Payment | &nbsp;&nbsp; $4000 |
| 12/31/2025 | &nbsp;&nbsp; Total Purchase Payments (Assumes <br> Account Value is $50,000)<br>| &nbsp;&nbsp; $39000 |
| 12/31/2025 | Total Surrender |  |

---

Surrender Charge is lesser of (a) or (b):

---

| | | | |
|:---|:---|:---|:---|
| a. | Surrender Charge calculated on 60 months of Purchase Payments | Surrender Charge calculated on 60 months of Purchase Payments |  |
|  | 1. | Surrender Charge against Purchase Payment of 10/1/2020 | &nbsp;&nbsp; $0 |
|  | 2. | Surrender Charge against Purchase Payment of 10/1/2021 | &nbsp;&nbsp; $250 |
|  | 3. | Surrender Charge against Purchase Payment of 10/1/2022 | &nbsp;&nbsp; $750 |
|  | 4. | Surrender Charge against Purchase Payment of 10/1/2023 | &nbsp;&nbsp; $100 |
|  | 5. | Surrender Charge against Purchase Payment of 10/1/2024 | &nbsp;&nbsp; $150 |
|  | 6. | Surrender Charge against Purchase Payment of 10/1/2025 | &nbsp;&nbsp; $200 |
|  |  | Surrender Charge based on Purchase Payments (1 + 2 + 3 + 4 + 5 + 6) | &nbsp;&nbsp; $1450 |

---

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

------

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

---

| | | | |
|:---|:---|:---|:---|
| b. | Surrender Charge calculated on the excess over 10% of the Account Value at the time of surrender: | Surrender Charge calculated on the excess over 10% of the Account Value at the time of surrender: |  |
|  | Account Value at time of surrender | &nbsp;&nbsp; $50000 |  |
|  | Less 10% not subject to Surrender Charge | &nbsp;&nbsp; -5000 |  |
|  | Subject to Surrender Charge | &nbsp;&nbsp; 45000 |  |
|  |  | &nbsp;&nbsp; x.05 |  |
|  | Surrender Charge based on Account Value | &nbsp;&nbsp; $2250 | &nbsp;&nbsp; $2250 |
| c. | Surrender Charge is the lesser of a or b | Surrender Charge is the lesser of a or b | &nbsp;&nbsp; $1450 |

---

**Illustration of Surrender Charge on a 10% Partial Surrender Followed by a Full Surrender**

*Example 2.*

**Transaction History (Assumes No Interest Earned)** 

---

| | | |
|:---|:---|:---|
| **Date** | **Transaction** | **Amount** |
| 10/1/2020 | Purchase Payment | &nbsp;&nbsp; $10000 |
| 10/1/2021 | Purchase Payment | &nbsp;&nbsp; $5000 |
| 10/1/2022 | Purchase Payment | &nbsp;&nbsp; $15000 |
| 10/1/2023 | Purchase Payment | &nbsp;&nbsp; $2000 |
| 10/1/2024 | Purchase Payment | &nbsp;&nbsp; $3000 |
| 10/1/2025 | Purchase Payment | &nbsp;&nbsp; $4000 |
| 12/31/2025 | &nbsp;&nbsp; 10% Partial Surrender (Assumes <br> Account Value is $39,000)<br>| &nbsp;&nbsp; $3900 |
| 2/1/2026 | Full Surrender | &nbsp;&nbsp; $35100 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Since this is the first partial surrender in this Participant Year, calculate the excess over 10% of the value of the Purchase Units 10% of $39,000 = $3,900 [no charge on this 10% withdrawal]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Account Value upon which Surrender Charge on the Full Surrender may be calculated (levied) is $39,000 — $3,900 = $35,100

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Surrender Charge calculated on the Account Value withdrawn $35,100 × 0.05 = $1,755

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Since only $29,000 has been paid in Purchase Payments in the 60 months prior to the Full Surrender, the charge can only be calculated on $29,000. The $3,900 partial withdrawal does not reduce this amount. Thus, the charge is $29,000 × (0.05) = $1,450.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Surrender Charge is the lesser of c or d (i.e., $1,450)

**Illustration of Surrender Charge on $20,000 Partial Surrender - First in First out ("FIFO") Basis**

*Example 3.* 

**Transaction History (Assumes No Interest Earned)** 

---

| | | |
|:---|:---|:---|
| **Date** | **Transaction** | **Amount** |
| 10/1/2024 | Purchase Payment | &nbsp;&nbsp; $10000 |
| 10/1/2025 | Purchase Payment | &nbsp;&nbsp; $5000 |
| 10/1/2026 | Purchase Payment | &nbsp;&nbsp; $15000 |
| 10/1/2027 | Purchase Payment | &nbsp;&nbsp; $2000 |
| 10/1/2028 | Purchase Payment | &nbsp;&nbsp; $3000 |
| 10/1/2029 | Purchase Payment | &nbsp;&nbsp; $4000 |
| 12/31/2029 | &nbsp;&nbsp; $20,000 Partial Surrender (Assumes <br> Account Value is $50,000)<br>| &nbsp;&nbsp; $20000 |

---

Surrender Charge is lesser of (a) or (b):

(a) Surrender Charge calculated on 60 months of Purchase Payments on FIFO basis

------

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Purchase Payment Amount** | **Withdrawal Amount** | **Surrender Charge** |
| 10/1/2024 | $10000 | &nbsp;&nbsp; $10000 | &nbsp;&nbsp; $0 |
| 10/1/2025 | $5000 | &nbsp;&nbsp; $5000 | &nbsp;&nbsp; $250 |
| 10/1/2026 | $15000 | &nbsp;&nbsp; $5000 | &nbsp;&nbsp; $250 |
| 10/1/2027 | $2000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 |
| 10/1/2028 | $3000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 |
| 10/1/2029 | $4000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 |
| Total | $39000 | &nbsp;&nbsp; $20000 | &nbsp;&nbsp; $500 |

---

Surrender Charge based on Purchase Payments (1 + 2 + 3 + 4 + 5 + 6) = $500

---

| | | |
|:---|:---|:---|
| (b) | Surrender Charge calculated on the excess over 10% of the Account Value at the time of surrender: | Surrender Charge calculated on the excess over 10% of the Account Value at the time of surrender: |
|  | Account Value at time of surrender | &nbsp;&nbsp; $50000 |
|  | Total withdrawal amount | &nbsp;&nbsp; $20000 |
|  | Less 10% not subject to Surrender Charge | &nbsp;&nbsp; -$5000<br>|
|  | Subject to Surrender Charge | &nbsp;&nbsp; $15000 |
|  |  | &nbsp;&nbsp; x0.05 |
|  | Surrender Charge based on Account Value | &nbsp;&nbsp; $750 |
| (c) | Surrender Charge is the lesser of (a) or (b) (i.e., $500) | Surrender Charge is the lesser of (a) or (b) (i.e., $500) |

---

**Illustration of Surrender Charge on $20,000 Partial Surrender - Last in First out ("LIFO") Basis**

*Example 4.* 

**Transaction History (Assumes No Interest Earned)** 

---

| | | |
|:---|:---|:---|
| **Date** | **Transaction** | **Amount** |
| 10/1/2024 | Purchase Payment | &nbsp;&nbsp; $10000 |
| 10/1/2025 | Purchase Payment | &nbsp;&nbsp; $5000 |
| 10/1/2026 | Purchase Payment | &nbsp;&nbsp; $15000 |
| 10/1/2027 | Purchase Payment | &nbsp;&nbsp; $2000 |
| 10/1/2028 | Purchase Payment | &nbsp;&nbsp; $3000 |
| 10/1/2029 | Purchase Payment | &nbsp;&nbsp; $4000 |
| 12/31/2029 | &nbsp;&nbsp; $20,000 Partial Surrender (Assumes <br> Account Value is $50,000)<br>| &nbsp;&nbsp; $20000 |

---

Surrender Charge is lesser of (a) or (b):

(a) Surrender Charge calculated on 60 months of Purchase Payments on LIFO basis

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Purchase Payment Amount** | **Withdrawal Amount** | **Surrender Charge** |
| 10/1/2024 | $10000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 |
| 10/1/2025 | $5000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 |
| 10/1/2026 | $15000 | &nbsp;&nbsp; $11000 | &nbsp;&nbsp; $550 |
| 10/1/2027 | $2000 | &nbsp;&nbsp; $2000 | &nbsp;&nbsp; $100 |
| 10/1/2028 | $3000 | &nbsp;&nbsp; $3000 | &nbsp;&nbsp; $150 |
| 10/1/2029 | $4000 | &nbsp;&nbsp; $4000 | &nbsp;&nbsp; $200 |
| Total | $39000 | &nbsp;&nbsp; $20000 | &nbsp;&nbsp; $1000 |

---

------

Surrender Charge based on Purchase Payments (1 + 2 + 3 + 4 + 5 + 6) = $1,000

---

| | | |
|:---|:---|:---|
| (b) | Surrender Charge calculated on the excess over 10% of the Account Value at the time of surrender: | Surrender Charge calculated on the excess over 10% of the Account Value at the time of surrender: |
|  | Account Value at time of surrender | &nbsp;&nbsp; $50000 |
|  | Total withdrawal amount | &nbsp;&nbsp; $20000 |
|  | Less 10% not subject to Surrender Charge | &nbsp;&nbsp; -$5000<br>|
|  | Subject to Surrender Charge | &nbsp;&nbsp; $15000<br>|
|  |  | &nbsp;&nbsp; x0.05 |
|  | Surrender Charge based on Account Value | &nbsp;&nbsp; $750 |
| (c) | Surrender Charge is the lesser of (a) or (b) (i.e., $750) | Surrender Charge is the lesser of (a) or (b) (i.e., $750) |

---

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**Purchase Unit Value**

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Purchase Unit value is discussed in the prospectus under "Purchase Period." The Purchase Unit value for a Division is calculated as shown below:

*Step 1: Calculate the gross investment rate:* 

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| | |
|:---|:---|
|  | Gross Investment Rate |
| = | **(equals)** |
|  | The Division's investment income and capital gains and losses (whether realized or unrealized) on that day from the <br> assets attributable to the Division.<br>|
| ÷ | **(divided by)** |
|  | The value of the Division for the immediately preceding day on which the values are calculated. |

---

We calculate the gross investment rate as of 4:00 p.m. Eastern time on each Business Day when the Exchange is open.

*Step 2: Calculate net investment rate for any day as follows:* 

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| | |
|:---|:---|
|  | Net Investment Rate |
| = | **(equals)** |
|  | Gross Investment Rate (calculated in Step 1) |
| – | **(minus)** |
|  | Separate Account charges. |

---

*Step 3: Determine Purchase Unit Value for that day.* 

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| | |
|:---|:---|
|  | Purchase Unit Value for that day. |
| = | **(equals)** |
|  | Purchase Unit Value for immediate preceding day. |
| × | **(multiplied by)** |
|  | Net Investment Rate (as calculated in Step 2) plus 1.00. |

---

The following illustrations show a calculation of new Purchase Unit value and the purchase of Purchase Units (using hypothetical examples):

**Illustration of Calculation of Purchase Unit Value**

*Example 5.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Purchase Unit value, beginning of period $1.800000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Value of Fund share, beginning of period $21.200000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Change in value of Fund share $.500000

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

---

| | | |
|:---|:---|:---|
| 4. | Gross investment return (3)÷(2) | &nbsp;&nbsp; .023585 |
| 5. | Daily separate account fee\* | &nbsp;&nbsp; .000027 |
| \*Fee of 1% per annum used for illustrative purposes. | \*Fee of 1% per annum used for illustrative purposes. |  |
| 6. | Net investment return (4)—(5) | &nbsp;&nbsp; .023558 |
| 7. | Net investment factor 1.000000+(6) | 1.023558 |
| 8. | Purchase Unit value, end of period (1)×(7) | &nbsp;&nbsp; $1.842404 |

---

**Illustration of Purchase of Purchase Units (Assuming No State Premium Tax)**

*Example 6.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. First Periodic Purchase Payment $100.00

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Purchase Unit value on effective date of purchase (see Example 3) $1.800000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Number of Purchase Units purchased (1)÷(2) 55.556

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Purchase Unit value for valuation date following purchase (see Example 3) $1.842404

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Value of Purchase Units in account for valuation date following purchase (3)×(4) $102.36

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**Payout Payments**

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**Assumed Investment Rate**

The discussion concerning the amount of Payout Payments which follows this section is based on an Assumed Investment Rate of 3½% per annum. However, the Company will permit each Annuitant choosing a variable payout option to select an Assumed Investment Rate permitted by state law or regulations other than the 3½% rate described here as follows: 3%, 4½%, or 5% per annum. (Note: an Assumed Investment Rate higher than 5% may not be selected under individual Contracts.) The foregoing Assumed Investment Rates are used merely in order to determine the first monthly payment per thousand dollars of value. It should not be inferred that such rates will bear any relationship to the actual net investment experience of USL Separate Account RS.

**Amount of Payout Payments**

The amount of the first variable Payout Payment to the Annuitant will depend on the amount of the Account Value applied to effect the variable annuity as of the tenth day immediately preceding the date Payout Payments commence, the amount of any premium tax owed, the annuity option selected, and the age of the Annuitant.

The Contracts contain tables indicating the dollar amount of the first Payout Payment under each payout option for each $1,000 of Account Value (after the deduction for any premium tax) at various ages. These tables are based upon the Annuity 2000 Table (promulgated by the Society of Actuaries) and an Assumed Investment Rate of 3%, 3½%, 4% and 5% per annum (3½% in the group Contract).

The portion of the first monthly variable Payout Payment derived from a Division of USL Separate Account RS is divided by the Payout Unit value for that Division (calculated ten days prior to the date of the first monthly payment) to determine the number of Payout Units in each Division represented by the payment. The number of such units will remain fixed during the Payout Period, assuming the Annuitant makes no transfers of Payout Units to provide Payout Units under another Division or to provide a fixed annuity.

In any subsequent month, the dollar amount of the variable Payout Payment derived from each Division is determined by multiplying the number of Payout Units in that Division by the value of such Payout Unit on the tenth day preceding the due date of such payment. The Payout Unit value will increase or decrease in proportion to the net investment return of the Division or Divisions underlying the variable payout since the date of the previous Payout Payment, less an adjustment to neutralize the 3½% or other Assumed Investment Rate referred to above.

Therefore, the dollar amount of variable Payout Payments after the first year will vary with the amount by which the net investment return is greater or less than 3½% per annum. For example, if a Division has a cumulative net investment return of 5% over a one year period, the first Payout Payment in the next year will be approximately 1½ percentage points greater than the payment on the same date in the preceding year, and subsequent payments will continue to vary with the investment experience

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of the Division. If such net investment return is 1% over a one year period, the first Payout Payment in the next year will be approximately 2½ percentage points less than the payment on the same date in the preceding year, and subsequent payments will continue to vary with the investment experience of the applicable Division.

Each deferred Contract provides that, when fixed Payout Payments are to be made under one of the first four payout options, the monthly payment to the Annuitant will not be less than the monthly payment produced by the then current settlement option rates, which will not be less than the rates used for a currently issued single payment immediate annuity contract. The purpose of this provision is to assure the Annuitant that, at retirement, if the fixed payout purchase rates then required by the Company for new single payment immediate annuity Contracts are significantly more favorable than the annuity rates guaranteed by a Contract, the Annuitant will be given the benefit of the new annuity rates.

**Payout Unit Value**

The value of a Payout Unit is calculated at the same time that the value of a Purchase Unit is calculated and is based on the same values for Fund shares and other assets and liabilities. (See "Purchase Period" in the prospectus.) The calculation of Payout Unit value is discussed in the prospectus under "Payout Period."

The following illustrations show, by use of hypothetical examples, the method of determining the Payout Unit value and the amount of variable annuity payments.

**Illustration of Calculation of Payout Unit Value**

*Example 8.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Payout Unit value, beginning of period $.980000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Net investment factor for Period (see Example 3) 1.023558

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Daily adjustment for 3 ½% Assumed Investment Rate .999906

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. (2)x(3) 1.023462

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Payout Unit value, end of period (1)x(4) $1.002993

**Illustration of Payout Payments**

*Example 9. Annuitant age 65, Life Annuity with 120 Payments Certain* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Number of Purchase Units at Payout Date 10,000.00

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Purchase Unit value (see Example 3) $1.800000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Account Value of Contract (1)×(2) $18,000.00

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. First monthly Payout Payment per $1,000 of Account Value $5.63

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. First monthly Payout Payment (3)×(4)÷1,000 $101.34

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Payout Unit value (see Example 8) $.980000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Number of Payout Units (5)÷(6) $103.408

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Assume Payout Unit value for second month equal to $.997000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Second monthly Payout Payment (7)×(8) $103.10

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Assume Payout Unit value for third month equal to $.953000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Third monthly Payout Payment (7)×(10) $98.55

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**Distribution of Variable Annuity Contracts**

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The Contracts are sold in a continuous offering by licensed insurance agents who are registered representatives of broker-dealers that are members of the Financial Industry Regulatory Authority ("FINRA").

Corebridge Capital Services, Inc. (the "Distributor"), is the distributor for USL Separate Account RS. The Distributor, an affiliate of the Company due to common ownership, is located at 30 Hudson Street, 16th Floor, Jersey City, NJ 07302. The Distributor is a Delaware corporation and a member of FINRA.

Financial professionals who sell the Contracts will be compensated for such sales by commissions of each first-year Purchase Payment. The financial professional will receive commissions for level Purchase Payments in subsequent years and on increases

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in the amount of Purchase Payments in the year of increase. During the first two years of employment, financial professionals may also receive developmental commissions for each first-year Purchase Payment and for increases in the amount of Purchase Payments.

Pursuant to its underwriting agreement with the Distributor and USL Separate Account RS, the Company reimburses the Distributor for reasonable sales expenses, including overhead expenses. Year 2025 will be the first year of sale for Portfolio Director and the first year sales commissions will be paid. The Distributor will retain $0 in commissions for Portfolio Director.

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**Experts**

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PricewaterhouseCoopers LLP, located at 1000 Louisiana Street, Suite 5800, Houston, TX 77002, serves as the independent registered public accounting firm for The United States Life Insurance Company in the City of New York Separate Account RS and The United States Life Insurance Company in the City of New York ("USL").

You may obtain a free copy of these financial statements if you write us at our Home Office, located at 2929 Allen Parkway, Houston, Texas, 77019, call us at 1-800-448-2542, or visit www.corebridgefinancial.com/rs/prospectus-and-reports/annuities. The financial statements have also been filed with the SEC and can be obtained through its website at www.sec.gov.

The following financial statements included on the most recent [Form N-VPFS](https://www.sec.gov/Archives/edgar/data/1310558/000119312525085336/d877367dnvpfs.htm) filed with the SEC have been so incorporated in reliance on the reports of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The audited Statutory Financial Statements and Supplemental Information of The United States Life Insurance Company in the City of New York, which comprise the statutory statements of admitted assets, liabilities and capital and surplus as of December 31, 2024, and December 31, 2023, and the related statutory statements of operations, of changes in capital and surplus, and of cash flows for each of the three years in the period ended December 31, 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The financial statements of USL should be considered only as bearing on the ability of USL to meet its obligation under the contracts.

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**Comments on Financial Statements**

------

The financial statements of The United States Life Insurance Company in the City of New York should be considered only as bearing upon the ability of the Company to meet its obligations under the Contracts, which include death benefits, and its assumption of the mortality and expense risks.

Not all of the USL Separate Account RS divisions are available under the Contracts described in the prospectus.© **2025 Corebridge Financial, Inc.**

All Rights Reserved.

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**Part C — Other InformatiON**

**Item 27.** 

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

---

| | | |
|:---|:---|:---|
| **Exhibit** <br> **Number**<br>| **Description** | **Location** |
| (a) | &nbsp;&nbsp; [Board of Directors Resolution Establishing](https://www.sec.gov/Archives/edgar/data/2041358/000119312524266052/d622186dex99a.htm)<br> [USL Separate Account RS on June 14, 2024](https://www.sec.gov/Archives/edgar/data/2041358/000119312524266052/d622186dex99a.htm)<br>| &nbsp;&nbsp; Incorporated by reference to Initial Registration Statement <br> of Form N-4, File Nos. 333-283466 and 811-24014, filed on <br> November 26, 2024, Accession No. 0001193125-24-266052.<br>|
| (b) | Custodian Agreements | Not Applicable. |
| (c) | [Distribution Agreement](https://www.sec.gov/Archives/edgar/data/931344/000119312519119350/d705265dex993a.htm) | &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 24 and Amendment No. 24, File Nos. 333-178841 and <br> 811-08810, filed on April 25, 2019, Accession <br> No. 0001193125-19-119350.<br>|
| (d)(1) | &nbsp;&nbsp; [Specimen Certificate of Participation under](d921754dex99d1.htm)<br> [Group Annuity Contract (Form](d921754dex99d1.htm)<br> [UITG-525P-WSC)](d921754dex99d1.htm)<br>| Filed herewith. |
| (d)(2) | &nbsp;&nbsp; [Specimen Group Annuity Contract (Form](d921754dex99d2.htm)<br> [UITG-525-WSC)](d921754dex99d2.htm)<br>| Filed herewith. |
| (d)(3) | &nbsp;&nbsp; [Specimen Certificate of Participation under](d921754dex99d3.htm)<br> [Group Annuity Contract (Form UITG-525P)](d921754dex99d3.htm)<br>| Filed herewith. |
| (d)(4) | &nbsp;&nbsp; [Specimen Group Annuity Contract (Form](d921754dex99d4.htm)<br> [UITG-525)](d921754dex99d4.htm)<br>| Filed herewith. |
| (d)(5) | &nbsp;&nbsp; [Specimen Certificate of Participation under](d921754dex99d5.htm)<br> [Group Annuity Contract (Form](d921754dex99d5.htm)<br> [UITG-525P-5PCMC)](d921754dex99d5.htm)<br>| Filed herewith. |
| (d)(6) | &nbsp;&nbsp; [Specimen Group Annuity Contract (Form](d921754dex99d6.htm)<br> [UITG-525-5PCMC)](d921754dex99d6.htm)<br>| Filed herewith. |
| (d)(7) | &nbsp;&nbsp; [Specimen Certificate of Participation under](d921754dex99d7.htm)<br> [Group Annuity Contract (Form](d921754dex99d7.htm)<br> [UITG-525PSWMC)](d921754dex99d7.htm)<br>| Filed herewith. |
| (d)(8) | &nbsp;&nbsp; [Specimen Group Annuity Contract. (Form](d921754dex99d8.htm)<br> [UITG-525SWMC)](d921754dex99d8.htm)<br>| Filed herewith. |
| (e) | [Specimen Group Master Application](d921754dex99e.htm) | Filed herewith. |
| (f)(1) | &nbsp;&nbsp; [Copy of the Bylaws of the United States Life](https://www.sec.gov/Archives/edgar/data/805749/000119312511120900/dex99f1.txt)<br> [Insurance Company in the City of New York,](https://www.sec.gov/Archives/edgar/data/805749/000119312511120900/dex99f1.txt)<br> [amended and restated December 14, 2010](https://www.sec.gov/Archives/edgar/data/805749/000119312511120900/dex99f1.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective <br> AmendmentNo. 1 and Amendment No. 2, File <br> Nos. 333-171493 and811-04865-01, filed on May 2, 2011, <br> AccessionNo. 0001193125-11-120900.<br>|
| (g) | Reinsurance Contracts | Not Applicable. |
| (h)(1)(i) | &nbsp;&nbsp; [Participation Agreement between USL and](d921754dex99h1i.htm)<br> [American Beacon Funds, American Beacon](d921754dex99h1i.htm)<br> [Advisors, Inc., dated as of December 17,](d921754dex99h1i.htm)<br> [2024](d921754dex99h1i.htm)<br>| Filed herewith |
| (h)(1)(ii) | &nbsp;&nbsp; [Administrative Services Agreement between](d921754dex99h1ii.htm)<br> [USL and American Beacon Funds, American](d921754dex99h1ii.htm)<br> [Beacon Advisors, Inc., dated as of](d921754dex99h1ii.htm)<br> [December 17, 2024](d921754dex99h1ii.htm)<br>| Filed herewith |
| (h)(2)(i) | &nbsp;&nbsp; [Participation Agreement between USL and](d921754dex99h2i.htm)<br> [Ariel Investment Trust, Ariel Distributors,](d921754dex99h2i.htm)<br> [LLC, and Ariel Distributors, Inc., dated as of](d921754dex99h2i.htm)<br> [October 2, 2024](d921754dex99h2i.htm)<br>| Filed herewith |
| (h)(2)(ii) | &nbsp;&nbsp; [Administrative Services Agreement between](d921754dex99h2ii.htm)<br> [USL and Ariel Investment Trust, Ariel](d921754dex99h2ii.htm)<br> [Distributors, LLC, and Ariel Distributors,](d921754dex99h2ii.htm)<br> [Inc., dated as of October 2, 2024](d921754dex99h2ii.htm)<br>| Filed herewith |
| (h)(3)(i) | &nbsp;&nbsp; [Participation Agreement between USL and](d921754dex99h3i.htm)<br> [Goldman Sachs Variable Insurance Trust,](d921754dex99h3i.htm)<br> [Goldman Sachs & CO. LLC., dated as of](d921754dex99h3i.htm)<br> [March 2, 2025](d921754dex99h3i.htm)<br>| Filed herewith |

---

------

---

| | | |
|:---|:---|:---|
| **Exhibit** <br> **Number**<br>| **Description** | **Location** |
| (h)(3)(ii) | &nbsp;&nbsp; [Administration Services Agreement between](d921754dex99h3ii.htm)<br> [USL and Goldman Sachs Asset Management,](d921754dex99h3ii.htm)<br> [L.P., dated as of March 6. 2025](d921754dex99h3ii.htm)<br>| Filed herewith |
| (h)(4)(i) | &nbsp;&nbsp; [Participation Agreement between USL and](d921754dex99h4i.htm)<br> [Invesco Distributors Inc. and AIM](d921754dex99h4i.htm)<br> [Investment Funds (Invesco Investment](d921754dex99h4i.htm)<br> [Funds), dated as of April 2, 2025](d921754dex99h4i.htm)<br>| Filed herewith |
| (h)(4)(ii) | &nbsp;&nbsp; [Administrative Services Agreement between](d921754dex99h4ii.htm)<br> [USL and Invesco Distributors, Inc., dated as](d921754dex99h4ii.htm)<br> [of April 2, 2025](d921754dex99h4ii.htm)<br>| Filed herewith |
| (h)(4)(iii) | &nbsp;&nbsp; [Sub-Accounting Agreement between USL](d921754dex99h4iii.htm)<br> [and Invesco Investment Services, Inc., dated](d921754dex99h4iii.htm)<br> [as of April 2, 2025](d921754dex99h4iii.htm)<br>| Filed herewith |
| (h)(5)(i) | &nbsp;&nbsp; [Participation Agreement between USL and](d921754dex99h5i.htm)<br> &nbsp;&nbsp;&nbsp;&nbsp;[T. Rowe Price Investment Services Inc.,](d921754dex99h5i.htm)<br> &nbsp;&nbsp;&nbsp;&nbsp;[T. Rowe Price Services Inc., and T. Rowe](d921754dex99h5i.htm)<br> [Price Associates, Inc., dated as of](d921754dex99h5i.htm)<br> [January 16, 2025](d921754dex99h5i.htm)<br>| Filed herewith |
| (h)(5)(ii) | &nbsp;&nbsp; [Administration Servies Agreement between](d921754dex99h5ii.htm)<br> [USL and T. Rowe Price Investment Services,](d921754dex99h5ii.htm)<br> [Inc., and T. Rowe Price Services, Inc., dated](d921754dex99h5ii.htm)<br> [as of January 16, 2025](d921754dex99h5ii.htm)<br>| Filed herewith |
| (h)(6)(i) | &nbsp;&nbsp; [Participation Agreement between USL and](d921754dex99h6i.htm)<br> [The Vanguard Group, Inc., dated as of](d921754dex99h6i.htm)<br> [March 13, 2025](d921754dex99h6i.htm)<br>| Filed herewith |
| (i) | Administrative Contracts | Not Applicable. |
| (j) | Other Material Contracts | Not Applicable. |
| (k) | [Legal Opinion](d921754dex99k.htm) | Filed herewith |
| (l) | &nbsp;&nbsp; [Consent of Independent Registered Public](d921754dex99l.htm)<br> [Accounting Firm- PricewaterhouseCoopers](d921754dex99l.htm)<br> [LLP.](d921754dex99l.htm)<br>| Filed herewith |
| (m)  | Omitted Financial Statements | None. |
| (n) | Initial Capital Agreements | Not Applicable. |
| (o) | [Form of Initial Summary Prospectus](d921754dex99o.htm) | Filed herewith |
| (p) | &nbsp;&nbsp; [Power of Attorney — The United States Life](https://www.sec.gov/Archives/edgar/data/2041358/000119312524266052/d622186dex99p.htm)<br> [Insurance Company in the City of New York](https://www.sec.gov/Archives/edgar/data/2041358/000119312524266052/d622186dex99p.htm)<br>| &nbsp;&nbsp; Incorporated by reference to Initial Registration Statement <br> of Form N-4, File Nos. 333-283466 and 811-24014, filed on <br> November 26, 2024, Accession No. 0001193125-24-266052.<br>|

---

**Item 28. *Directors and Officers of the Depositor***

The directors and principal officers of the Company are set forth below. The business address of each officer and director is 1133 Avenue of the Americas, 33rd Floor, New York, NY 10036, unless otherwise noted.

---

| | |
|:---|:---|
| **Names, Positions and Offices Held with Depositor** | **Names, Positions and Offices Held with Depositor** |
| Christopher B. Smith (8) | Director, Chairman of the Board, and President  |
| Christopher P. Filiaggi (8) | Director, Senior Vice President, and Chief Financial Officer |
| Timothy M. Heslin | Director, President, Life US |
| Lisa M. Longino (8) | Director, Executive Vice President, and Chief Investment Officer |
| Jonathan J. Novak (1) | Director, President, Institutional Markets |
| Bryan A. Pinsky (2) | Director, President, Individual Retirement |
| William J. Carr | Director |
| Glen D. Keller | Director |
| Sandra M. McDermott | Director |
| John P. Byrne (3) | President, Financial Distributor |
| Terri N. Fiedler (3) | President, Group Retirement |
| Steven D. ("Doug") Caldwell, Jr. | Executive Vice President and Chief Risk Officer |

---

------

---

| | |
|:---|:---|
| **Names, Positions and Offices Held with Depositor** | **Names, Positions and Offices Held with Depositor** |
| David Ditillo (6) | Executive Vice President and Chief Information Officer |
| Elizabeth B. Cropper | Executive Vice President and Chief Human Resources Officer |
| Emily W. Gingrich | Senior Vice President, Chief Actuary and Corporate Illustration <br> Actuary<br>|
| Patricia M. Schwartz | Senior Vice President, Head of Valuation and Financial Reporting, <br> and Appointed Actuary<br>|
| Sai P. Raman (7) | Senior Vice President, Institutional Markets |
| Eric G. Tarnow | Senior Vice President, Life Products |
| Mallary L. Reznik (2) | Senior Vice President, General Counsel and Assistant Secretary |
| Christina M. Haley (2) | Senior Vice President, Individual Retirement Products |
| Christopher V. Muchmore | Senior Vice President, Chief Financial Officer, Individual Retirement |
| Brigitte K. Lenz | Vice President and Controller |
| Jennifer A. Roth (2) | Vice President and Chief Compliance Officer, and 38a-1 Compliance <br> Officer<br>|
| Brian O. Moon | Vice President and Treasurer |
| Julie Cotton Hearne (3) | Vice President and Corporate Secretary |
| Mersini G. Keller | Vice President and Tax Officer |
| Angel R. Ramos (3) | Vice President and Tax Officer |
| Preston L. Schnoor (2) | Vice President, Product Filing |
| Aimy T. Tran (2) | Vice President, Product Filing |
| Tyra G. Wheatley (3) | Vice President, Product Filing |
| Barbara L. Rayll (3) | Vice President, Business Case Development |
| Michelle D. Campion (4) | Vice President |
| Korey L. Dalton | Vice President |
| Jeffrey S. Flinn (5) | Vice President |
| Christopher J. Hobson (5) | Vice President |
| Jennifer N. Miller | Vice President |
| Mark R. Szycher (3) | Vice President |
| Marjorie D. Brothers (3) | Assistant Secretary |
| Janice A. McCullough (2) | Assistant Secretary |
| Angela G. Bates | Anti-Money Laundering and Economic Sanctions Compliance Officer |
| Joey Dongliang Zhou | Illustration Actuary |
| Kenneth R. Kiefer (9) | Head of Structured Settlements |
| Michael F. Mulligan (1) | Head of International Pension Risk Transfer |
| Ethan D. Bronsnick (8) | Head of U.S. Pension Risk Transfer |
| Aileen V. Apuy | Manager, State Filings |
| Connie C. Merer (2) | Assistant Manager, State Filings |
| Melissa H. Cozart (3) | Privacy Officer |
| Thomas Bartolomeo | Chief Information Security Officer |

---

------

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

------

(1) 10880 Wilshire Boulevard, Suite 1101, Los Angeles, CA 90024

(2) 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367

(3) 2919 Allen Parkway, Woodson Tower, Houston, TX 77019

(4) 2727-A Allen Parkway, 3-D1, Houston, TX 77019

(5) 2929 Allen Parkway, America Tower, Houston, TX 77019

(6) 3211 Shannon Road, Durham, NC 27707

(7) 50 Danbury Road, Wilton, CT 06897

(8) 30 Hudson Street, Jersey City, NJ 07302

(9) 1050 N. Western Street, Amarillo, TX 79106

**Item 29. *Persons Controlled by or Under Common Control with Depositor or Registrant*** 

The Registrant is a separate account of The United States Life Insurance Company in the City of New York ("Depositor"). The Depositor is an indirect, wholly owned subsidiary of Corebridge Financial, Inc. ("Corebridge"). An organizational chart for Corebridge can be found as [Exhibit 21 in Corebridge Form 10-k, SEC File No. 001-41504, Accession](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001889539/000188953925000014/crbg-20241231.htm)[No. 0001889539-25-000014, filed on February 13, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001889539/000188953925000014/crbg-20241231.htm). Exhibit 21 is incorporated herein by reference.

**Item 30. *Indemnification***

Insofar as indemnification for liability arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

**The United States Life Insurance Company in the City of New York**

To the full extent authorized by law, the corporation shall indemnify any person made, or threatened to be made, a party to an action or proceeding, whether criminal or civil, by reason of the fact that he, his testator or intestate is or was a director or officer of the corporation or serves or served in any capacity in any other corporation at the request of the corporation. Nothing contained herein shall affect any rights to indemnification to which corporate personnel other than directors and officers may be entitled by contract or otherwise under law.

**Item 31. *Principal Underwriter***

(a) Corebridge Capital Services, Inc. acts as distributor for the following investment companies:

**American General Life Insurance Company**

Variable Separate Account

Variable Annuity Account Five

Variable Annuity Account Seven

Variable Annuity Account Nine

Variable Annuity Account Ten

AG Separate Account D

AGL Separate Account I of AGL

AGL Separate Account VL-R

**The United States Life Insurance Company in the City of New York**

FS Variable Separate Account

FS Variable Annuity Account Five

USL Separate Account USL VL-R

USL Separate Account USL A

USL Separate Account RS

------

**The Variable Annuity Life Insurance Company**

Variable Annuity Life Insurance Co Separate Account A

**SunAmerica Series Trust**

**Seasons Series Trust** 

**VALIC Company 1**

(b) Directors, Officers and principal place of business:

---

| | |
|:---|:---|
| **Officer/Directors\*** | **Position** |
| Christina M. Nasta | Director, Chairman, President and Executive Chief Officer |
| John P. Byrne III (1) | Director |
| Nicholas G. Intrieri | Director |
| Ryan Tapak | Director |
| Eric Taylor | Director |
| Frank Curran | Vice President, Chief Financial Officer, Chief Operations <br> Officer, Controller, and Treasurer<br>|
| Michael Fortey (1) | Chief Compliance Officer |
| Julie A. Cotton Hearne (1) | Vice President and Secretary |
| Mersini G. Keller | Vice President, Tax Officer |
| John T. Genoy | Vice President |
| Mallary L. Reznik (2) | Vice President |
| Marjorie Brothers (1) | Assistant Secretary |

---

\* Unless otherwise indicated, the principal business address of Corebridge Capital Services, Inc. and of each of the above individuals is 30 Hudson Street, 16th Floor, Jersey City, NJ 07302.

Principal business address 2919 Allen Parkway, Houston, TX 77019

Principal business address 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997

(c) Corebridge Capital Services, Inc. retains no compensation or commissions from the Registrant.

**Item 32. *Location of Accounts and Records***

All records referenced under Section 31(a) of the Investment Company Act of 1940, and Rules 31a-1 through 31a-3 thereunder, are maintained and in the custody of The United States Life Insurance Company in the City of New York located at 28 Liberty Street, Floor 47, New York, NY 10005-1400.

**Item 33. *Management Services***

Not Applicable.

**Item 34. Fee Representation and Other Representations**

**Fee Representation**

Depositor represents that the fees and charges to be deducted under the Contracts described in the prospectus contained in this Registration Statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Depositor in accordance with Section 26(f)(2)(A) of the Investment Company Act of 1940.

**Other Representations**

The Registrant hereby represents that it is relying on the No-Action Letter issued by the Division of Investment Management to the American Council of Life Insurance dated November 28, 1988 (Commission Ref. No. IP-6-88). Registrant has complied with conditions one through four on the No-Action Letter.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, USL Separate Account RS has duly caused this Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of New York, and State of New York, on this 27<sup>th</sup> day of August, 2025.

**USL SEPARATE ACCOUNT RS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)

BY: THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK

(On behalf of the Registrant and itself)

BY:

\*CHRISTOPHER P. FILIAGGI

------

CHRISTOPHER P. FILIAGGI

DIRECTOR, SENIOR VICE PRESIDENT, AND CHIEF FINANCIAL OFFICER

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| \*CHRISTOPHER B. SMITH<br>CHRISTOPHER B. SMITH<br>| &nbsp;&nbsp;&nbsp;&nbsp; Director, Chairman of the Board, and President <br> (Principal Executive Officer)<br>| November 17, 2024 |
| \*CHRISTOPHER P. FILIAGGI<br>CHRISTOPHER P. FILIAGGI<br>| &nbsp;&nbsp;&nbsp;&nbsp; Director, Senior Vice President, and Chief Financial <br> Officer (Principal Accounting Officer)(Principal <br> Financial Officer) <br>| November 17, 2024 |
| \*TIMOTHY M. HESLIN<br>TIMOTHY M. HESLIN<br>| Director, President, Life US | November 15, 2024 |
| \*LISA M. LONGINO<br>LISA M. LONGINO <br>| &nbsp;&nbsp;&nbsp;&nbsp; Director, Executive Vice President, and Chief <br> Investment Officer<br>| November 15, 2024 |
| \*JONATHAN J. NOVAK<br>JONATHAN J. NOVAK<br>| Director, President, Institutional Markets | November 15, 2024 |
| \*BRYAN A. PINSKY<br>BRYAN A. PINSKY<br>| Director, President, Individual Retirement | November 15, 2024 |
| \*WILLIAM J. CARR<br>WILLIAM J. CARR<br>| Director | November 15, 2024 |
| \*GLEN D. KELLER<br>GLEN D. KELLER<br>| Director | November 15, 2024 |
| \*SANDRA M. MCDERMOTT<br>SANDRA M. MCDERMOTT<br>| Director | November 15, 2024 |

---

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

---

| | |
|:---|:---|
| \*BY:/s/ JOHNPAUL S. VAN MAELE<br>JOHNPAUL S. VAN MAELE<br> Attorney-in-Fact pursuant to Powers <br> of Attorney filed previously and/or <br> herewith.<br>| August 27, 2025 |

---

------

## Ex-99.(D)(1)

**The United States Life Insurance Company in the City of New York (USL)** 

Home Office

[28 Liberty Street, 47<sup>th</sup> floor

New York, New York 10005]

Administrative Service Office

**[**Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

**PARTICIPANT:** [John Doe]

**GROUP NUMBER:** [12345] **DATE OF ISSUE**: [01/01/2025]

**PARTICIPANT ACCOUNT NUMBER:** [123A456] **ANNUITY DATE:** [01/01/2045]

This Certificate is issued to the named Participant under the Group Annuity Contract ("Contract"). It contains a summary of Your rights and benefits under the Contract, but it is not a part of the Contract and does not change any of the terms or provisions of the Contract. USL will pay annuity and other benefits as provided in the Contract.

**PLEASE READ YOUR CERTIFICATE CAREFULLY** 

**See Index on Page 2** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Maintenance Charge –** There may be an account maintenance charge during the accumulation period. The
charge is $3.75 for each quarter and is assessed only if any portion of the Accumulation Value was applied to one or more Variable Investment Options during that quarter. See Section 2.05 for a complete description.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Separate Account Charge –** There is a daily charge against the Separate Account at an annual rate of
up to 1.25% of the assets of the Variable Investment Options to which assets are allocated. This charge only applies to assets of the Variable Investment Options. See Section 2.06.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Cash Surrender or Withdrawal Charge –** There is no charge at the time of surrender or withdrawal.

The conditions and provisions on the following pages, including any attached Endorsement(s) and/or Rider(s) to the Certificate, are the entire legal contract between USL and the Participant. No agent has the authority to change this Certificate or waive any of its provisions. Only the President or a Vice President of USL may change this Certificate. Any such changes must be in writing. All conditions and provisions are subject to applicable state and federal laws. In the instances of a conflict between the terms of the Contract and the terms of the Certificate, the terms of the Certificate will govern.

**RIGHT TO EXAMINE – If, within 20 days of receipt of this Certificate under the Contract (60 days if the Certificate under this Contract replaced any other life insurance or annuity contract(s) or certificate(s)) You are not satisfied with it, You may return this Certificate to Our Administrative Service Office or to an authorized representative of the Company. The Company will refund the Purchase Payment, including any fees or other charges, or the Accumulation Value, whichever is greater, as of the business day during which We or an authorized representative receives the Certificate under the Contract as of the date the Certificate under the Contract is mailed (post-marked date) to Us. Upon such refund, the Certificate under the Contract shall be void.** 

EXECUTED AT USL'S HOME OFFICE ON THE DATE OF ISSUE

------

![LOGO](g934124dsp275.jpg)

ANNUITY PAYMENTS AND SURRENDER VALUES PROVIDED BY THIS CERTIFICATE WHEN BASED ON INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT AND WILL INCREASE OR DECREASE IN VALUE BASED ON INVESTMENT RESULTS.

The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and Assumed Investment Return elected.

[**USL may close the fixed account options provided for in the Contract and this Certificate to new deposits or transfers at any time after the Date of Issue with [ 30 ] days advance written notice (see section 3.01). ]**

**PARTICIPANT CERTIFICATE** 

**GROUP VARIABLE DEFERRED ANNUITY CONTRACT WITH FIXED FUNDING** 

**NON-PARTICIPATING** 

------

---

| | | |
|:---|:---|:---|
|  | **INDEX** |  |
| **Section 1** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **DEFINITIONS** | **[5-6]** |
| **Section 2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **CONTRACT AND PURCHASE PAYMENTS** | **[6]** |
| 2.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incontestability | [6] |
| 2.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Contract Value | [6] |
| 2.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan Provisions | [6] |
| 2.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase Payments | [6] |
| 2.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance Charge | [6] |
| 2.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate Account Charge | [6] |
| **Section 3** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **INVESTMENT OPTIONS** | **[6-7]** |
| 3.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Account Options | [7] |
| 3.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Investment Options | [7] |
| 3.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation Unit | [7-8] |
| 3.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation Unit Value | [8] |
| 3.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers During the Accumulation Period | [8] |
| 3.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers During the Annuity Period | [8] |
| **Section 4** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **BENEFITS** | **[8]** |
| 4.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Surrender or Withdrawal | [8-9] |
| 4.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charges for Cash Surrender or Withdrawal | [9] |
| 4.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Period | [9] |
| 4.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starting Annuity Income Benefits | [9] |
| 4.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Partial Annuitization/No Commutation | [9] |
| 4.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Annuity Payments | [9] |
| 4.07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Misstatement of Age | [9] |
| 4.08 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Income (Payment) Options | [9-10] |
| 4.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed or Variable Annuity Basis | [10] |
| 4.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Annuity Payments | [10] |
| 4.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assumed Investment Rate (AIR) | [11] |
| 4.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Units and Annuity Unit Value | [11] |
| 4.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Betterment of Rates | [11] |
| 4.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Actuarial Basis of Computation | [11-12] |
| 4.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiaries | [12-13] |
| 4.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death Payment Provisions | [13-14] |
| **Section 5** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** | **[14]** |
| 5.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General | [14] |
| 5.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Direct Rollovers | [14] |
| **Section 6** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GENERAL PROVISIONS** | **[14]** |
| 6.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vesting | [14] |
| 6.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written Notices to Us | [14] |
| 6.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reports | [15] |
| 6.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Voting Rights | [15] |
| 6.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suspension of Payments | [15] |
| 6.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferral of Cash Surrender or Withdrawal | [15] |
| 6.07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proof of Survival | [15] |
| 6.08 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Substitution of Investment Fund Shares | [15] |

---

------

6.09 Minimum Benefit [15]

6.10 Separate Account [15-16]

6.11 Merger or Closure of One or More Investment Options [16]

6.12 Termination of the Contract by USL [16]

6.13 Forfeiture [16]

6.14 Distributed Contract [16]

6.15 Applicable Law [16]

6.16 Non-Participating Contract [17]

------

**Section 1 – DEFINITIONS** 

**Accumulation Period –** the time between the date of the first Purchase Payment and the Annuity Date, as defined in Section 4.03, for a Participant.

**Accumulation Value –** equals the sum of the values of the Fixed Account Options and Variable Investment Options allocated to a Participant Account that have not been applied to provide annuity payments.

**Administrative Service Office –** the address shown on Page 1 of the Contract or this Certificate where all Written Notices to Us regarding the Contract or this Certificate are to be sent.

**Annuitant** – means the person on whose life USL will base payments during the Annuity Period.

**Annuity** – a periodic benefit purchased for a Participant under Section 4.

**Annuity Period** – the time during which USL makes annuity payments.

**Certificate Year** – the twelve month period starting with the issue date of a Participant's Certificate and each anniversary of that date.

**Code** – the Internal Revenue Code of 1986, as amended.

**Company** – "We," "Our," "Us," "Company," or "USL," means The United States Life Insurance Company in the City of New York.

**Contract –** the legal agreement between USL and the Contract Owner, under which this Certificate is issued.

**Contract Owner** – the entity that makes application for the Contract. A reference to "You" or "Your" means the Contract Owner or designated administrator.

**ERISA** - the Employment Retirement Income Security Act of 1974, as amended.

**General Account** – assets of The United States Life Insurance Company in the City of New York other than those in the Separate Account or any other segregated asset account.

**Investment Fund** – an investment portfolio or fund which is the underlying investment medium for a Variable Investment Option.

**Participant** – a person for whom or with respect to whom Purchase Payments are made under the Certificate. Any reference to "You" or "Your" means Participant.

**Participant Account** – an individual account which is established for a Participant to record the Accumulation Value for the Participant.

**Plan** – the employer-sponsored retirement plan, annuity purchase arrangement, or deferred compensation program for which the Contract is issued.

**Purchase Payment** – an amount paid to USL for allocation to a Participant Account.

**SEC** – The U. S. Securities and Exchange Commission.

**Separate Account** – a segregated asset account established under the New York Insurance Law (known as USL Separate Account RS).

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**Surrender Value** – the Accumulation Value of a Participant Account less any applicable surrender charge and excluding any full or partial annuitization.

**Section 2 – CONTRACT AND PURCHASE PAYMENTS** 

**2.01** **Incontestability** – This Contract is incontestable.

**2.02 Minimum Contract Value** – We can distribute the Surrender Value if the Accumulation Value for Your account falls below [$300] and there are no Purchase Payments for [two Certificate Years].

**2.03 Plan Provisions** – As further explained in Section 5, the Contract is subject to the provisions of the Plan. To the extent provided by the Plan, any rights that may be exercised by You under the Contract may instead be exercised by the Contract Owner or a Plan representative.

**2.04 Purchase Payments** – Purchase Payments may be made at any time during the Accumulation Period and may include amounts that are rolled over or directly transferred from another plan; however, We reserve the right to limit, refuse or cease accepting Purchase Payments into the Contract or this Certificate, or specific categories of Purchase Payments (e.g., transfers from other plans or from other accounts or investments under the Plan, or transfers or Purchase Payments that are not periodic or that are limited in dollar amount) at any time, with not less than [180] days advance notice of such limitation or cessation. We require no payment beyond the first. There is no penalty if any scheduled payments are omitted or stopped.

If only one Purchase Payment is to be allocated to Your account, it must be at least [$1,000]. Periodic payments must be at least [$30] each. USL may waive this minimum.

We may deduct amounts from Purchase Payments or from the Accumulation Value for applicable premium taxes, if any. We will allocate the net Purchase Payment to one or more Investment Options according to Your directions.

**2.05 Maintenance Charge** – During the Accumulation Period, We will deduct a charge from the Accumulation Value for certain account maintenance expenses. The charge is due each calendar quarter during which the Accumulation Value includes any Variable Investment Option. We will not deduct the charge for any calendar quarter if the Accumulation Value is credited only to the Fixed Account Options throughout the calendar quarter.

We will deduct the charge at the end of the calendar quarter in which it is due, allocated proportionally among the Variable Investment Options of Your Account. However, if all Variable Investment Option Accumulation Values are withdrawn or transferred entirely to one or more Fixed Account Option(s), the full quarterly charge will be deducted at the time of surrender or transfer.

The charge is $3.75 for each Account for each quarter. The maintenance charge may be waived or reduced uniformly on all Participant Accounts for contracts issued under certain plans or arrangements which are expected to result in administrative cost savings. No reduction or waiver will be made that is unfairly discriminatory to any person.

**2.06 Separate Account Charge** – We deduct a daily charge from the Separate Account. The amount of the charge depends on the Variable Investment Options from which it is deducted and is imposed at an annual rate of up to 1.25% of the assets of the Variable Investment Options.

**Section 3 – INVESTMENT OPTIONS** 

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We will allocate Purchase Payments to one or more Variable Investment Options and Fixed Account Options ("Investment Options") selected by You on the enrollment form. Each selection must be a whole percentage of Purchase Payments. We reserve the right to limit the number of Investment Options available under the Contract and this Certificate as set forth in Section 3.05(a). The Investment Options available under the Contract and this Certificate will be those selected by the Contract Owner on the application. The Contract Owner may request, from time to time, that We add or substitute Investment Options available from the Separate Account. Any such request will be subject to Our approval and to any other applicable limitations in the Contract.

**3.01 Fixed Account Options** – Fixed Account Options are based on the General Account. Allocations to the Fixed Account Options earn interest as credited daily by USL during the Accumulation Period. The interest credited will be at least the guaranteed minimum interest rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The guaranteed minimum interest rate that will be credited to amounts in the Fixed Account Options for a
Participant Account during the Accumulation Period will be shown on the Investment Information Page or an applicable endorsement, if needed, for that Participant Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding subparagraph (a) above, a separate guaranteed minimum interest rate will be used to
determine minimum fixed annuity payments during the Annuity Period. The guaranteed minimum interest rate for fixed annuity payments will be 2% or the Guaranteed Minimum Interest Rate shown on the Investment Information Page for that Participant
Account, if less.

There are two Fixed Account Options: Short Term Fixed Account and Fixed Account Plus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u> <u>Short Term Fixed Account</u>. We will credit interest to the Short Term Fixed Account on a portfolio basis.
On the portfolio basis, all amounts accumulated will be credited with the same rate of interest for not less than a calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u> <u>Fixed Account Plus.</u> We will credit interest to the Fixed Account Plus on the following basis:
Periodically, but not less frequently than annually based on a calendar year, We will declare interest rates that apply separately to amounts accumulated in separate time periods. Each such declared interest rate will be the same rate of interest
for not less than a calendar year.

[Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the Investment Options, at any time after the Date of Issue with [30] days advance written notice. USL may make the Fixed Account Options available or close the Fixed Account Options as frequently as it determines at any point in time while the Contract is in force, provided USL gives [30] advance written notice in each case. This right may be exercised where the yield on investments would not support the guaranteed minimum interest rate or where new Purchase Payments or transfers in or among Investment Options do not comply with requirements regarding transfers provided for in this Certificate.]

**3.02 Variable Investment Options** – Variable Investment Options are based upon Investment Funds available within the Separate Account. The Separate Account invests in a number of Investment Funds. Each Investment Fund underlying a Variable Investment Option has a different investment objective. Investment returns on Variable Investment Options may be positive or negative and are not guaranteed.

**3.03 Accumulation Unit** – An Accumulation Unit is a measuring unit for amounts allocated to a Variable Investment Option before annuity payments begin. The value of an Accumulation Unit will vary with the net investment return of the respective underlying Investment Fund. Accumulation Units may be credited to Your account due to a Purchase Payment or a transfer from another Investment Option. The number of

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Accumulation Units credited to Your account is determined by dividing the dollar amount of the transaction by the Accumulation Unit Value for that Variable Investment Option at the next time it is computed.

**3.04 Accumulation Unit Value** – The Accumulation Unit Value is the value of one Accumulation Unit of a Variable Investment Option. We will calculate it at the end of trading each day the New York Stock Exchange is open, except as described in Section 6.05. The value of an Accumulation Unit of a Variable Investment Option is the Accumulation Unit Value last computed, multiplied by one plus the Investment Rate for the period. The Investment Rate may be positive or negative. The Investment Rate is the change in the value of the Investment Fund's portfolio (capital gains and losses whether or not realized and investment income) since the last computation, divided by the amount of assets at the beginning of the period, less a factor for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Separate Account Charge for the period at the applicable annualized rate up to 1.25%, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any taxes attributed to the Separate Account or reserve held for such taxes.

**3.05 Transfers During the Accumulation Period** – During the Accumulation Period, You may request transfers by telephone, through the Company's website, or in writing by mail. You may transfer amounts among Investment Options, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) We reserve the right to limit allocations among Investment Options to [twenty] at any one time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) We reserve the right to require transfers to be at least [30] days apart

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Transfers from the Short Term Fixed Account</u>. After a transfer to the Short Term Fixed Account, You may
not make any transfer from the Short Term Fixed Account for [90] days. We may change this transfer restriction at any time. However, the transfer restriction period may not exceed [180] days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Transfers from Fixed Account Plus</u>. You may transfer to other Investment Options up to [20%] of the
Accumulation Value allocated to Fixed Account Plus during each Certificate Year. If multiple transfers are made in a Certificate Year, the percentages of the Accumulation Value transferred each time will be added together to determine the [20%]
transfer limit for that Certificate Year. For each transfer, the percentage transferred is the ratio of the amount transferred to the portion of the Accumulation Value allocated to Fixed Account Plus immediately prior to the transfer. However, if
following a [20%] transfer, the remaining amount allocated to Fixed Account Plus would be less than [$500], You may transfer the remaining amount.

**3.06 Transfers During the Annuity Period** – During the Annuity Period, You may transfer Annuity Unit values among the Variable Investment Options. You may also transfer Annuity Unit values from the Variable Investment Options underlying a Variable Annuity to provide a Fixed Annuity. Transfers must be at least 365 days apart. We will not permit any transfer from a Fixed Annuity during the Annuity Period. Refer to Section 4.13 for the definition of an Annuity Unit.

**Section 4 – BENEFITS** 

**4.01** **Cash Surrender or Withdrawal –** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Cash Surrender</u>. Subject to the restrictions in Section 5.01 You may surrender Your account before
the Annuity Date for a cash payment equal to the Surrender Value as of the date We receive the request at the Administrative Service Office. The Surrender Value is the Accumulation Value less any charges described below, if applicable.

The Surrender Value of the Fixed Account Options will never be less than the amount of all Purchase Payments allocated to the Fixed Account Options, less any amounts transferred to Variable Investment Options or withdrawn.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Withdrawal</u>. Subject to the restrictions in Section 5.01You may withdraw a portion of the
Accumulation Value in cash at any time before the Annuity Date. We may deduct a charge as described below in Section 4.02.

Except as otherwise expressly authorized by a Plan under which this Certificate is held, rights to transfer, surrender or withdraw under this Section 4.01, apply to the Participant. Plan authority conferred on the Contract Owner, if applicable, which may include authority to surrender the Contract, would be applied at the time of any such withdrawal by determining the amount available for surrender with respect to each Certificate and adding up all of those amounts to determine the aggregate available withdrawal.

**4.02 Charges for Cash Surrender of Withdrawal –** There is no charge for cash surrenders or withdrawals.

**4.03 Annuity Period** – The Annuity Period begins at the Annuity Date, when Your Accumulation Value is applied under an Annuity Income Option. You may change the Annuity Date shown on the first page of Your Certificate by giving Us at least 30 days' notice. The selected Annuity Date may be the first day of any calendar month, but if You choose a life income option, the Annuity Date may not precede Your [50<sup>th</sup>] birthday without Our permission unless otherwise required under the Plan, if any.

**4.04 Starting Annuity Income Benefits** – At least 30 days in advance of the Annuity Date, the Participant must choose one of the Annuity Income Options in Section 4.08 and provide reasonable proof of age for any person whose age is taken into account under a life income option. If You fail to select another Annuity Income Option, annuity payments will be made on the basis of the Second Option with payments guaranteed for a ten-year period, commencing on the Annuity Date.

**4.05 Partial Annuitization / No Commutation** – You may choose to apply less than the full Accumulation Value under an Annuity Income Option and may choose different Annuity Dates and different Annuity Income Options for different portions of the Accumulation Value. Therefore, the Contract may, at times, be in both an Accumulation Period and an Annuity Period. If You choose to do this, the provisions of the Contract relating to the Accumulation Period and the Annuity Period will be applied as though there were separate Contracts. Full or partial commutations by You are not permitted.

**4.06 Minimum Annuity Payments** – You may not choose any Annuity Income Option if the resulting initial payment would be less than $20 ("Minimum Annuity Payment") or the Accumulation Value is less than $5,000 ("Minimum Accumulation Value"), in each case under either a Fixed Annuity, Variable Annuity or a combination Fixed and Variable Annuity. We reserve the right to convert monthly payments to quarterly, semi-annual, or annual payments so the initial payment will be at least the Minimum Annuity Payment. If an Annuity Income Option is not available due to a Minimum Annuity Payment not being achievable or failure to meet the Minimum Accumulation Value, then USL may cancel the annuity and pay the Accumulation Value of the Certificate to You with no withdrawal charge.

**4.07 Misstatement of Age** – If the annuity payments depend upon an individual's survival and the date of birth of any individual was misstated, We will adjust the remaining payments. The amount remaining to be paid will be the amount that should have been paid with the correct information. We will credit or charge the amount of any underpayment or overpayment against the next succeeding payment or payments, if any remain. We reserve the right to collect any overpayment directly from the payee. Once annuity payments have begun, any underpayments will be made up in one sum including interest at the annual rate of [3]% with the next annuity payment. Overpayments including interest at the annual rate of [3]% will be deducted from the future annuity payments until the total is repaid.

**4.08 Annuity Income (Payment) Options** – You may choose to receive payments under any of the Annuity Income Options below or any other option agreed to by USL. Annuity payments will be made

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periodically. Any option chosen must comply with applicable state and federal laws and regulations. Available Annuity Income Options may be limited by the Plan, if any.

**FIRST OPTION** – <u>Life Annuity With No Guarantee Period</u> – An income payable during Your life. All payments cease at Your death with no further amounts payable.

**SECOND OPTION** – <u>Life Annuity With Guarantee Period of 5, 10, 15, or 20 years</u> – An income payable during Your life. If, at Your death, We have made payments for fewer than the number of years selected, We will continue payments to the Beneficiary for the remainder of the guarantee period.

**THIRD OPTION** – <u>Life Annuity With Cash or Unit Refund Option</u> – An income Payable during Your life. Payments cease at Your death. However, the Beneficiary may receive an additional payment. For payments on a Fixed Annuity basis, the additional payment, if any, will be the Accumulation Value applied to this option less the total of all prior payments. For payments on a Variable Annuity basis, the additional payment, if any, will be the current value of the number of Annuity Units credited at the Annuity Date less the number of Annuity Units that have been paid. For this purpose, the number of Annuity Units credited equals the Accumulation Value applied to this option divided by the Annuity Unit Value at the date used to calculate the first annuity payment.

**FOURTH OPTION** – <u>Joint and Survivor Life Annuity</u> – An income payable during the joint lives of You and a second person and thereafter during the life of the survivor.

**FIFTH OPTION** – <u>Payments for a Designated Period</u> – An income payable for a selected number of years between five and thirty. This option is available for Fixed Annuities only.

For an Annuity Income Option quote, please call Us at the telephone number under Customer Service Information on the last page of this Certificate. If any annuity income payment option with a guarantee period provides for installment payments of the same amount at some ages for different guarantee periods, We will deem an election to have been made for the longest guarantee period, which could have been elected for such age and amount.

**4.09 Fixed or Variable Annuity Basis** – A Fixed Annuity provides benefit payments of a fixed dollar amount. A Variable Annuity provides benefit payments which vary with the investment return of the chosen Variable Investment Options.

You may elect to receive payments under any annuity option as a Fixed Annuity, a Variable Annuity, or a combination Fixed and Variable Annuity. If You make no election, amounts in Fixed Account Options will provide a Fixed Annuity and amounts in Variable Investment Options will provide a Variable Annuity.

**4.10 Variable Annuity Payments** – We will determine the amount of each Variable Annuity payment by multiplying the number of Annuity Units payable by the Annuity Unit Value on the [tenth] day (or the preceding business day if the [tenth day] is not a business day) prior to the payment due date.

We will determine the number of Annuity Units payable at the beginning of the Annuity Period. We will divide the dollar amount of the first payment by the Annuity Unit Value for that Variable Investment Option on the tenth day before the Annuity Date. The number of Annuity Units payable from each Variable Investment Option remains constant unless You transfer a portion of the annuity benefit between the Variable Investment Options or from a Variable Annuity to a Fixed Annuity. However, the dollar amount payable is not fixed and may change from month to month. Neither expenses actually incurred, other than taxes on the investment return, nor mortality actually experienced, shall adversely affect the dollar amount of variable annuity payments after such payments have commenced. The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of the variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and AIR You selected. The Contract's assumed rate of return is based on compounded interest.

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**4.11 Assumed Investment Rate (AIR)** – Since the future rate of return on Variable Options is unknown, You must choose an Assumed Investment Rate (AIR). The AIR is the assumed rate of return used to determine the first annuity payment for a Variable Annuity Option, and once the AIR is established, it cannot be changed. Rates of 3%, 3 1/2%, 4 1/2%, 5% or a higher rate may be chosen if permitted by state law and regulations. If no AIR is chosen, the AIR will be 3 <sup>1</sup>⁄<sub>2</sub>%. A higher AIR will result in a higher initial payment. Choice of a lower AIR will result in a lower initial payment. Payments will increase whenever the Investment Rate exceeds the chosen AIR. Payments will decrease whenever the Investment Rate is less than the chosen AIR.

**4.12 Annuity Units and Annuity Unit Value** – An Annuity Unit is a measuring unit We use to determine the amount of the annuity payments to be made. All or a portion of the Accumulation Value is used to purchase a stream of annuity payments represented by a number of Annuity Units payable each period. The value of these Annuity Units represents the benefit amount paid each period.

For Fixed Annuity options, the number of Annuity Units equals the dollar amount of each payment since the Annuity Unit Value is fixed at $1.00.

For Variable Annuity options, the Annuity Unit Value varies with the investment rate each period. The Annuity Unit Value is the value of one Annuity Unit of an Investment Option.

The value of a Variable Annuity Unit is A multiplied by B multiplied by C (AxBxC).

A = the Annuity Unit Value for the Variable Investment Option at the immediately preceding computation date

B = 1 + the investment rate for the variable fund for the period

C = the applicable AIR Factor from the following table raised to the power of the number of days in the period

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| | |
|:---|:---|
| AIR | AIR Factor |
| 3% | 0.999919 |
| 3<sup>1</sup>⁄<sub>2</sub>% | 0.999906 |
| 4<sup>1</sup>⁄<sub>2</sub>% | 0.999879 |
| 5% | 0.999866 |

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**4.13 Betterment of Rates** – Fixed and Variable Annuity – We will use the applicable current settlement option rates if these will provide higher fixed annuity payments to You, less any applicable premium taxes.

**4.14 Actuarial Basis of Computation –** For all Annuity Income Options, the value We use to determine annuity payments will be the applied portion of the Accumulation Value on the tenth day (or the preceding business day if the tenth day is not a business day) preceding the date of the first annuity payment, less any applicable premium taxes. The actuarial basis for the life Annuity Income Options is the 2012 Individual Annuity Reserving (IAR) Table using the age nearest Your birthday at the time of the first payment is due and if applicable, a designated second person if permitted under the Annuity Income Options in Section 4.08 and the Fixed Account Option minimum guaranteed interest rate in Section 3.01(b). The annuity rates pertaining to the Actuarial Basis of Computation for Annuity Income Options that are payable for Your lifetime will be furnished upon Your request.

For the Fifth Option, the following table demonstrates payments as described with an example of a 1% interest rate.

**DOLLAR AMOUNT REQUIRED TO PURCHASE AN ANNUITY** 

**WITH A FIRST MONTHLY PAYMENT OF $1.00** 

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Option 5 – Payment for a Designated Period

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| | | | |
|:---|:---|:---|:---|
|  Years of Payment | Years of Payment | Years of Payment | Years of Payment |
| 5 | $58.51 | 18 | $197.68 |
| 6 | $69.86 | 19 | $207.66 |
| 7 | $81.11 | 20 | $217.54 |
| 8 | $92.24 | 21 | $227.32 |
| 9 | $103.26 | 22 | $237.00 |
| 10 | $114.18 | 23 | $246.59 |
| 11 | $124.98 | 24 | $256.09 |
| 12 | $135.68 | 25 | $265.49 |
| 13 | $146.27 | 26 | $274.79 |
| 14 | $156.76 | 27 | $284.01 |
| 15 | $167.14 | 28 | $293.13 |
| 16 | $177.42 | 29 | $302.17 |
| 17 | $187.60 | 30 | $311.11 |

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**4.15 Beneficiaries –** This Section 4.15 provides for terms relating to a Beneficiary in the event a death occurs during the Accumulation Period or during the Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Definition of a Beneficiary</u>. A Beneficiary is the person or entity You designate to receive any benefits
payable upon Your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Designation of a Beneficiary</u>. During Your lifetime, he or she has the right to designate a Beneficiary
and to change the designation. The change may be made by sending a written request to Our Administrative Service Office. A change in Beneficiary will take effect on the date the request is signed; subject to any actions taken by Us prior to the date
We receive the written change of Beneficiary notice. Your most recent Beneficiary change notice in writing received by Us will replace any prior Beneficiary designations. We are not liable for any payment(s) made by Us before the receipt of such
written change of Beneficiary notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Payments to Beneficiary</u>. Unless otherwise provided in the Beneficiary designation or in 4.16(a) or (b):

1) If any Beneficiary dies prior to You, that Beneficiary's interest will be divided pro rata among the remaining named Beneficiaries.

2) If no Beneficiary survives You, death benefits will be paid to Your estate.

3) If any Beneficiary dies after You, that Beneficiary's interest will pass to his or her Beneficiary or, if none, to his or her estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Simultaneous Death Provision</u>. If We cannot determine whether You or a Beneficiary died first in a common
disaster, We will assume that the Beneficiary died first and make payments on that basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(e)</u> <u>Multiple Beneficiaries</u>. You may designate two or more Beneficiaries to receive separate percentage
interests in the death benefits payable under this Certificate. Each such Beneficiary may separately exercise the rights that a Beneficiary has under the Certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(f)</u> <u>Contingent Beneficiaries</u>. You may designate one or more Contingent Beneficiaries. A Contingent
Beneficiary will receive benefits payable upon Your death if all of the primary Beneficiaries have died prior to You. A Contingent Beneficiary will have all of the same rights as a Beneficiary during the Accumulation Period or an Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(g)</u> <u>Trust or Estate as Beneficiary</u>. Payments to a Beneficiary that is a trust or estate will be made only in
a lump sum or in installments over a period not to exceed five years, to the extent required by applicable law.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(h)</u> <u>Unlocatable Beneficiaries</u>. If after exercise of reasonable diligence We are unable to obtain a mailing
address or other suitable contact information for a designated Beneficiary using methods allowed by and within the period required by applicable state or federal regulations, then, except as otherwise directed by the Contract Owner and in accordance
with the terms of the Plan, if any, or as otherwise required under applicable law, We will deem You to have no designated Beneficiary, and We will pay the proceeds to the Participant's Estate.

**4.16** **Death Payment Provisions -** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Death During Accumulation Period</u>. If You die during the Accumulation Period, a death benefit is payable. The death benefit is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Accumulation Value of Your Account on the date We receive proof of death in good order, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. 100% of Adjusted Purchase Payment Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Adjusted Purchase Payment Amount means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. On the issue date of Your Certificate, the Adjusted Purchase Payment Amount shall be the sum of all Purchase
Payments under the certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On any date after the issue date of Your Certificate, the Adjusted Purchase Payment Amount shall be increased
by additional Purchase Payments made to the certificate, and reduced proportionately by all prior Gross Withdrawals as provided in 4.16(a)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Each Gross Withdrawal (meaning, all withdrawals of any kind and associated fees and charges and any portion of
the Accumulation Value that has been applied to an Annuity Income Option) shall result in a proportionate reduction in the Adjusted Purchase Payment Amount, determined by multiplying the Adjusted Purchase Payment Amount, measured immediately prior
to the Gross Withdrawal, by a fraction. Such fraction shall be equal to the Gross Withdrawal divided by the Accumulation Value immediately prior to the Gross Withdrawal.

In the event no Beneficiary or Contingent Beneficiary has been named, or if none of the Beneficiaries survive the Participant, then benefits will be paid as set forth in this Section 4.16(a) consistent with applicable contract or law including the Code and ERISA, and if no such requirements dictate who benefits will be paid to, then to the Participant's estate. The death benefit is payable at any time Your Beneficiary selects and in any form You could have selected under the Contract. If any Beneficiary or Contingent Beneficiary does not select a form of payment of the death benefit, then the death benefit will be paid as set forth in this Section 4.16(a) consistent with applicable law including the Code and ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Death During Annuity Period</u>. If You die during the Annuity Period, the amount of the death benefit, if any, will be based on the terms of the Annuity Income Option. Unless You elected the Fourth Option, the Beneficiary may elect to receive the death benefit in one of the following forms:

1) Continuing annuity payments under the terms of Your Annuity Income Option with the right, for Variable Annuities only, to receive the remaining payments in a lump sum at any time thereafter;

2) A lump sum; or

3) Annuity payments under another Annuity Income Option, based on the available lump sum.

The lump sum available under these alternatives is the present value of remaining payments, discounted at the Assumed Investment Rate, and based on the current Annuity Unit Value for 2) and

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3), or the value next determined after receipt of the request at USL's Administrative Service Office for 1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Investment Options and Other Rights</u>. Until the death benefits have been fully paid, Your Beneficiary will be entitled to exercise all the Investment Options and other rights You can exercise under the Contract. Unpaid death benefits that have not been applied under an Annuity Income Option will have an Accumulation Value determined in the same manner as Your Accumulation Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Proof of Death.</u> Proof of death may be made by sending USL a certified copy of the death certificate, a certified copy of a decree of a court of competent jurisdiction as to death, a written statement by an attending physician, or any other proof satisfactory to USL.

**Section 5 – CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** 

**5.01** **General -** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Contract Owner may impose limits and/or requirements on the Participant consistent with the terms of the
Plan; however, such Plan provisions do not become part of the Contract. No such Plan provision shall limit a Participant's rights under this Contract, unless the Contract Owner has provided USL with written notification of such provision. In no
event shall any such Plan provision enlarge USL's obligations under the Contract and this Certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Additional Plan-related provisions may be added to Your Certificate by endorsement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If Your Purchase Payments are made under a voluntary salary reduction agreement as part of a tax- deferred annuity arrangement under Section 403(b) of the Code, there may not be a separate Plan document, in which case the Contract is the Plan.

**5.02 Direct Rollovers** – If any benefit payable under this Certificate constitutes an "eligible rollover distribution" within the meaning of Section 402 of the Code, You have the right to elect to have such distribution paid directly to an "eligible retirement plan" in a transaction designated under the Code as a "direct rollover." Before any eligible rollover distribution is made to You, we will provide You with a written explanation of Your right to make a direct rollover and the tax consequences of making or not making a direct rollover. No surrender, withdrawal, or other benefit distribution that constitutes an eligible rollover distribution will be made to You under this Certificate, unless the Code's requirements applicable to eligible rollover distributions have been satisfied. Except for eligible rollover distributions, We reserve the right to make payments only to You or Your Beneficiary.

**Section 6 – GENERAL PROVISIONS** 

**6.01 Vesting** – Except as may be provided in the Plan, the Code, and ERISA, Your rights under the Contract are fully vested and nonforfeitable. USL Separate Account RS holds all assets for Variable Investment Options for the exclusive benefit of Participants, Beneficiaries, and other holders of annuity contracts.

**6.02 Written Notices to Us** – Except as specifically provided otherwise, any notice of change, election, choice, option or other exercise of right given under the Contract must be in a written request or notice in acceptable form to Us, which is signed and dated by You. Such notice will be deemed effective as of the date of the written request for the change and must be received at Our Administrative Service Center. The change will be subject to action taken by Us before the request is received.

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**6.03 Reports** – We will send You a Separate Account financial report twice each year if You have value in any Variable Investment Option. We will send to You, at least annually, a statement showing the dollar value of all investment options, investment performance since the prior statement, and as applicable, the number and value of any Variable Accumulation Units credited to Your account. All statements will be mailed within two months of the date of the information.

**6.04 Voting Rights** – We will hold the voting rights on all shares held in the Separate Account. To the extent of this Contract's participation in the Separate Account through one or more Variable Investment Options, We will vote those shares as instructed. Except as otherwise directed by the Contract Owner and pursuant to the Plan, You, or the Beneficiary, if You have died, will have the voting instruction rights prior to the Annuity Date. The annuity payee will have the voting instruction rights on and after the Annuity Date.

**6.05 Suspension of Payments** – USL reserves the right to suspend or postpone payments or withdrawals under the Separate Account for any period when: (a) the New York Stock Exchange is closed (other than customary weekend and holiday closings); (b) when trading on the New York Stock Exchange is restricted; (c) when an emergency prevents disposal of or determination of the value of shares of the Variable Account Options is not reasonably practicable; or (d) during any other period when the SEC, by order, so permits for the protection of security holders. The Company will notify the New York State Department of Financial services of this under this Section 6.05.

**6.06 Deferral of Cash Surrender or Withdrawal** – USL may defer payment of any surrender of amounts accumulated in Fixed Account Options if permitted by applicable law. Deferral shall not exceed six months from the receipt of written notice at the Administrative Service Office in good order. Interest shall be paid if payment is deferred for ten days or more after the date on which the surrender notice was received by USL on fully and accurately completed forms and/or instructions, including any necessary documentation We may require, applicable to any given request from You received at Our Administrative Service Center. Interest will be credited at the rate then currently being credited in the applicable Fixed Account Options.

**6.07 Proof of Survival** – We reserve the right to require reasonable proof that You and any payee is alive on the date any benefit payment is due. If this proof is not received after requested in writing, We will have the right to make reduced payments or to withhold payments entirely until such reasonable proof is received. Such proof will only be required no more frequently than annually or if We have reasonable suspicion You or a payee is deceased.

**6.08 Substitution of Investment Fund Shares** – If shares of a particular Investment Fund are not available or if, in the judgment of USL, such shares are no longer appropriate for a Variable Investment Option, shares of another Investment Fund may be substituted for the Investment Fund shares already held under the Variable Investment Options and for those to be purchased by future Purchase Payments or transfers under this Contract. In the event any substitution occurs, USL will notify the Contract Owner in advance of the substitution.

**6.09 Minimum Benefit** – The paid up annuity, cash surrender or death payment available under this Contract will not be less than the minimum benefits required by any statute of the state in which the Contract is delivered.

**6.10 Separate Account –** Amounts allocated by Us to a Separate Account shall be owned by Us. The Separate Account assets shall be Our property. All of the assets of the Separate Account are not chargeable with liabilities arising out of any other business of USL, provided that the portion of assets of the Separate Account not chargeable with liabilities arising out of any other business of USL shall not exceed the following: (a) the assets purchased with considerations allocated to the Separate Account by the Contract Owner or Participant certificate holder; minus (b) any benefits paid from such assets; minus (c) any charges taken from such assets under the terms of the Contract or a Participant certificate; minus (d) any Contract

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Owner or Participant certificate holder initiated transfers of such assets out of the Separate Account; plus (e) the net investment returns earned on the net amount of such assets.

**6.11 Merger or Closure of One or More Investment Funds** – The following provisions will apply in the event of closure of or changes to the Short Term Fixed Account and the Fixed Account Plus or to one or more of the Investment Funds underlying the Variable Investment Options in the Separate Account described in Section 3.02:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Short Term Fixed Account and/or the Fixed Account Plus, or an Investment Fund, is closed to new Purchase
Payments and/or new transfers, and absent alternate directions from You, amounts that otherwise would have been deposited into the closed Fixed Account Option(s) will be invested in a money market fund Variable Investment Option, if available, or
otherwise, in the Short Term Fixed Account, and with respect to a closed Variable Investment Option(s), amounts that otherwise would have been deposited into the closed Variable Investment Option will be invested in such other Investment Option(s),
as consistent with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a change is made to one or more of the underlying Investment Funds, through a merger or other fund action,
upon official notification of such fund action(s) the Company will make reasonable efforts to provide advance notice to the Plan of any relevant changes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If an Investment Fund then available in the Plan ("Merged Fund") is to be merged with and into an
Investment Fund that is not available in the Plan ("Surviving Fund"): (i) the Plan may direct assets in the Investment Option invested in the Merged Fund, and any future contributions that would be allocated to such Variable Investment
Option, to another Variable Investment Option available in the Contract; or (ii) if prior to the effective date of a fund merger, a Plan has not provided to the Company any directions under Section 6.11(b) or Section 6.11(c)(i), then:
(x), the Contract shall default to inclusion of the Variable Investment Option invested in the Surviving Fund, (y) Plan assets in the Variable Investment Option invested in the Merged Fund shall be allocated to the Variable Investment Option
invested in the Surviving Fund upon the effective date(s) of the fund merger, and (z) contribution instructions directing allocations to the Variable Investment Option invested in the Merged Fund at the effective date of the merger shall be
redirected to the Variable Investment Option invested in the Surviving Fund following the effective date(s) of the fund merger, until or unless alternate direction is provided by or on behalf of the Plan.

**6.12 Termination of the Contract by USL** – USL may suspend the Contract by giving written notice as otherwise provided in the Contract or if it is determined that Purchase Payments do not comply with the requirements of the Code or ERISA. Upon depletion of all the assets under the Contract, the Contract will terminate, and USL will be relieved of all further liability, except with respect to any Annuities purchased on behalf of Participants.

**6.13 Forfeiture** – If contributions under the Plan under which the Contract is held are subject to a vesting schedule, the Participant's Account Value may be reduced by such non-vested amounts upon termination of employment as specified by the Plan.

**6.14 Distributed Contract** – The Contract Owner may direct the distribution of a fully paid-up Certificate from the Contract Owner's Plan, in which case all rights otherwise reserved in the Certificate to the Contract Owner, the Plan, or an agent of either the Contract Owner or the Plan (other than the limited authority to hold a group annuity contract, if applicable, without exercising rights thereunder) are hereby terminated, and such rights are reserved solely to You.

**6.15 Applicable Law** – This Certificate has been delivered to You or a designated representative in the State of New York. This Certificate will be construed in accordance with and governed by applicable law of the State of New York.

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**6.16 Non-Participating Contract** – The Contract is non-participating and does not share in the profits or surplus of USL.

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**CUSTOMER SERVICE INFORMATION** 

If you have any questions regarding this Certificate, please call us at

[1-800-448-2542] or write:

The United States Life Insurance Company in the City of New York

[Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

<sup>©</sup> The United States Life Insurance Company in the City of New York. All rights reserved.

## Ex-99.(D)(2)

**The United States Life Insurance Company in the City of New York (USL)** 

Home Office

[28 Liberty Street, 47<sup>th</sup> floor

New York, New York 10005]

Administrative Service Office:

**[**Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

**CONTRACT OWNER:** [XYZ Company]

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| | |
|:---|:---|
| **CONTRACT NUMBER:** [123ABC] | **DATE OF ISSUE:** [01/01/2025] |

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In return for Purchase Payment(s), USL will pay annuity and other benefits as provided in this Contract.

**PLEASE READ YOUR CONTRACT CAREFULLY** 

**See Index on the following pages** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Maintenance Charge –** There may be an account maintenance charge during the accumulation period. The
charge is $3.75 for each quarter and is assessed only if any portion of the Accumulation Value was applied to one or more Variable Investment Options during that quarter. See Section 2.05 for a complete description.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Separate Account Charge –** There is a daily charge against the Separate Account at an annual rate of
up to 1.25% of the assets of the Variable Investment Options to which assets are allocated. This charge only applies to assets of the Variable Investment Options. See Section 2.06.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Cash Surrender or Withdrawal Charge –** There is no charge at the time of surrender or withdrawal. See
Section 4.02.

The conditions and provisions on this and the following pages, including any attached Endorsement(s) and/or Rider(s), are the entire legal Contract between USL and the Contract Owner. No agent has the authority to change this Contract or waive any of its provisions. Only the President or a Vice President of USL may change this Contract. Any such changes must be in writing. All conditions and provisions are subject to applicable state and federal laws.

**RIGHT TO EXAMINE – If, within 20 days of receipt of this Contract or a certificate under this Contract (60 days if the Contract or a certificate under this Contract replaced any other life insurance or annuity contract(s) or certificate(s)) You are not satisfied with it, You may return this Contract to Our Administrative Service Office or to an authorized representative of the Company. The Company will refund the Purchase Payment, including any fees or other charges, or the Accumulation Value, whichever is greater, as of the business day during which We or an authorized representative receives the Contract or a certificate under this Contract as of the date the Contract or a certificate under this Contract is mailed (post-marked date) to Us. Upon such refund, the Contract or a certificate under this Contract shall be void.** 

EXECUTED AT USL'S HOME OFFICE ON THE DATE OF ISSUE

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![LOGO](g934124dsp388.jpg)

ANNUITY PAYMENTS AND SURRENDER VALUES PROVIDED BY THIS CONTRACT WHEN BASED ON INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT AND WILL INCREASE OR DECREASE IN VALUE BASED ON INVESTMENT RESULTS.

The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and Assumed Investment Return elected.

**[USL may close the fixed account options provided for in this Contract to new deposits or transfers at any time after the Date of Issue with [ 30 ] days advance written notice (see section 3.01).]** 

**GROUP VARIABLE DEFERRED ANNUITY CONTRACT** 

**WITH FIXED FUNDING** 

**NON-PARTICIPATING** 

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**INDEX** 

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| | | |
|:---|:---|:---|
| **Section 1** | **DEFINITIONS** | **[5-6]** |
| **Section 2** | **CONTRACT AND PURCHASE PAYMENTS** | **[6]** |
| 2.01 | Incontestability | [6] |
| 2.02 | Minimum Contract Value | [6] |
| 2.03 | Plan Provisions | [6] |
| 2.04 | Purchase Payments | [6] |
| 2.05 | Maintenance Charge | [6] |
| 2.06 | Separate Account Charge | [6] |
| **Section 3** | **INVESTMENT OPTIONS** | **[6-7]** |
| 3.01 | Fixed Account Options | [7] |
| 3.02 | Variable Investment Options | [7] |
| 3.03 | Accumulation Unit | [7-8] |
| 3.04 | Accumulation Unit Value | [8] |
| 3.05 | Transfers During the Accumulation Period | [8] |
| 3.06 | Transfers During the Annuity Period | [8] |
| **Section 4** | **BENEFITS** | **[8]** |
| 4.01 | Cash Surrender or Withdrawal | [8-9] |
| 4.02 | Charges for Cash Surrender or Withdrawal | [9] |
| 4.03 | Annuity Period | [9] |
| 4.04 | Starting Annuity Income Benefits | [9] |
| 4.05 | Partial Annuitization / No Commutation | [9] |
| 4.06 | Minimum Annuity Payments | [9-10] |
| 4.07 | Misstatement of Age | [10] |
| 4.08 | Annuity Income (Payment) Options | [10] |
| 4.09 | Fixed or Variable Annuity Basis | [10] |
| 4.10 | Variable Annuity Payments | [10-11] |
| 4.11 | Assumed Investment Rate (AIR) | [11] |
| 4.12 | Annuity Units and Annuity Unit Value | [11] |
| 4.13 | Betterment of Rates | [11] |
| 4.14 | Actuarial Basis of Computation | [11-12] |
| 4.15 | Beneficiaries | [12-13] |
| 4.16 | Death Payment Provisions | [13-14] |
| **Section 5** | **CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** | **[14]** |
| 5.01 | General | [14] |
| 5.02 | Direct Rollovers | [14] |
| 5.03 | Plan Provisions | [14-15] |
| **Section 6** | **GENERAL PROVISIONS** | **[15]** |
| 6.01 | Participant Certificates | [15] |

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6.02 Vesting [15]

6.03 Written Notices to Us [15]

6.04 Change of Contract [15]

6.05 Future Participants [15]

6.06 Reports [15]

6.07 Voting Rights [15]

6.08 Suspension of Payments [15]

6.09 Deferral of Cash Surrender or Withdrawal [15-16]

6.10 Proof of Survival [16]

6.11 Substitution of Investment Fund Shares [16]

6.12 Minimum Benefit [16]

6.13 Separate Account [16]

6.14 Merger or Closure of One or More Investment Options [16-17]

6.15 Termination of the Contract by USL [17]

6.16 Forfeiture [17]

6.17 Distributed Contract [17]

6.18 Applicable Law [17]

6.19 Non-Participating Contract [17]

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**Section 1 – DEFINITIONS** 

**Accumulation Period –** the time between the date of the first Purchase Payment and the Annuity Date, as defined in Section 4.03, for a Participant.

**Accumulation Value –** equals the sum of the values of the Fixed Account Options (including interest) and Variable Investment Options allocated to a Participant Account that have not been applied to provide annuity payments.

**Administrative Service Office –** the address shown on Page 1 of this Contract or a certificate where all Written Notices to Us regarding this Contract or a certificate are to be sent.

**Annuitant** – means the person on whose life USL will base payments during the Annuity Period.

**Annuity** – a periodic benefit purchased for a Participant under Section 4.

**Annuity Period** – the time during which USL makes annuity payments.

**Certificate Year** – the twelve month period starting with the issue date of a Participant's certificate and each anniversary of that date.

**Code** – the Internal Revenue Code of 1986, as amended.

**Company** – "We," "Our," "Us," "Company," or "USL," means The United States Life Insurance Company in the City of New York.

**Contract Owner** – the entity that makes application for the Contract. A reference to "You" or "Your" means the Contract Owner or designated administrator.

**ERISA** – the Employment Retirement Income Security Act of 1974, as amended.

**General Account** – assets of USL other than those in the Separate Account or any other segregated asset account.

**Investment Fund** – an investment portfolio or fund which is the underlying investment medium for a Variable Investment Option.

**Participant** – a person for whom or with respect to whom Purchase Payments are made under the Contract.

**Participant Account** – an individual account which is established for a Participant to record the Accumulation Value for the Participant.

**Plan** – the employer-sponsored retirement plan, annuity purchase arrangement, or deferred compensation program for which this Contract is issued.

**Purchase Payment** – an amount paid to USL for allocation to a Participant Account.

**SEC** – The U. S. Securities and Exchange Commission.

**Separate Account** – a segregated asset account established under the New York Insurance Law (known as USL Separate Account RS).

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**Surrender Value** – the Accumulation Value of a Participant Account less any applicable surrender charge and excluding any full or partial annuitization.

**Section 2 – CONTRACT AND PURCHASE PAYMENTS** 

**2.01 Incontestability** – This Contract is incontestable.

**2.02 Minimum Contract Value** – We can distribute the Surrender Value if the Accumulation Value for the Participant Account falls below [$300] and there are no Purchase Payments for [two Certificate Years].

**2.03 Plan Provisions** – As further explained in Section 5, this Contract is subject to the provisions of the Plan. To the extent provided by the Plan, any rights that may be exercised by a Participant under this Contract may instead be exercised by the Contract Owner or a Plan representative.

**2.04 Purchase Payments** – Purchase Payments may be made at any time during the Accumulation Period and may include amounts that are rolled over or directly transferred from another plan; however, We reserve the right to limit, refuse or cease accepting Purchase Payments into the Contract, or specific categories of Purchase Payments (e.g., transfers from other plans or from other accounts or investments under the Plan, or transfers or Purchase Payments that are not periodic or that are limited in dollar amount) at any time, with not less than [180] days advance notice of such limitation or cessation. We require no payment beyond the first. There is no penalty if any scheduled payments are omitted or stopped.

If only one Purchase Payment is to be allocated to a Participant's Account, it must be at least [$1,000]. Periodic payments must be at least [$30] each. USL may waive this minimum.

We may deduct amounts from Purchase Payments or from the Accumulation Value for applicable premium taxes, if any. We will allocate the net Purchase Payment to one or more Investment Options according to the Participant's directions unless the Contract Owner has retained that right under the Plan.

**2.05 Maintenance Charge** – During the Accumulation Period, We will deduct a charge from the Accumulation Value for certain account maintenance expenses. The charge is due each calendar quarter during which the Accumulation Value includes any Variable Investment Option. We will not deduct the charge for any calendar quarter if the Accumulation Value is credited only to the Fixed Account Options throughout the calendar quarter.

We will deduct the charge at the end of the calendar quarter in which it is due, allocated proportionally among the Variable Investment Options of Your Account. However, if all Variable Investment Option Accumulation Values are withdrawn or transferred entirely to one or more Fixed Account Option(s), the full quarterly charge will be deducted at the time of surrender or transfer.

The charge is $3.75 for each Account for each quarter. The maintenance charge may be waived or reduced uniformly on all Participant Accounts for contracts issued under certain plans or arrangements which are expected to result in administrative cost savings. No reduction or waiver will be made that is unfairly discriminatory to any person.

**2.06 Separate Account Charge** – We deduct a daily charge from the Separate Account. The amount of the charge depends on the Variable Investment Options from which it is deducted and is imposed at an annual rate of up to 1.25% of the assets of the Variable Investment Options.

**Section 3 – INVESTMENT OPTIONS** 

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We will allocate Purchase Payments to one or more Variable Investment Options and Fixed Account Options ("Investment Options") selected by the Participant. Each selection must be a whole percentage of Purchase Payments. We reserve the right to limit the number of Investment Options available under the Contract as set forth in Section 3.05(a). The Investment Options available under the Contract will be those selected by the Contract Owner on the application. The Contract Owner may request, from time to time, that We add or substitute Investment Options available from the Separate Account. Any such request will be subject to Our approval and to any other applicable limitations in the Contract.

**3.01 Fixed Account Options** – Fixed Account Options are based on the General Account. Allocations to the Fixed Account Options earn interest as credited daily by USL during the Accumulation Period. The interest credited will be at least the guaranteed minimum interest rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The guaranteed minimum interest rate that will be credited to amounts in the Fixed Account Options for a
Participant Account during the Accumulation Period will be shown on the Investment Information Page or an applicable endorsement, if needed, for that Participant Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding subparagraph (a) above, a separate guaranteed minimum interest rate will be used to
determine minimum fixed annuity payments during the Annuity Period. The guaranteed minimum interest rate for fixed annuity payments will be 2% or the Guaranteed Minimum Interest Rate shown on the Investment Information Page, if less.

There are two Fixed Account Options: Short Term Fixed Account and Fixed Account Plus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u> <u>Short Term Fixed Account</u>. We will credit interest to the Short Term Fixed Account on a portfolio basis.
On the portfolio basis, all amounts accumulated will be credited with the same rate of interest for not less than a calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u> <u>Fixed Account Plus.</u> We will credit interest to the Fixed Account Plus on the following basis:
Periodically, but not less frequently than annually based on a calendar year, We will declare interest rates that apply separately to amounts accumulated in separate time periods. Each such declared interest rate will be the same rate of interest
for not less than a calendar year.

[Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the Investment Options, at any time after the Date of Issue with [30] days advance written notice. USL may make the Fixed Account Options available or close the Fixed Account Options as frequently as it determines at any point in time while the Contract is in force, provided USL gives [30] days advance written notice in each case. This right may be exercised where the yield on investments would not support the guaranteed minimum interest rate or where new Purchase Payments or transfers in or among Investment Options do not comply with requirements regarding transfers provided for in this Contract.]

**3.02 Variable Investment Options** – Variable Investment Options are based upon Investment Funds available within the Separate Account. The Separate Account invests in a number of Investment Funds. Each Investment Fund underlying a Variable Investment Option has a different investment objective. Investment returns on Variable Investment Options may be positive or negative and are not guaranteed.

**3.03 Accumulation Unit** – An Accumulation Unit is a measuring unit for amounts allocated to a Variable Investment Option before annuity payments begin. The value of an Accumulation Unit will vary with the net investment return of the respective underlying Investment Fund. Accumulation Units may be credited to the Participant's Account due to a Purchase Payment or a transfer from another Investment Option. The number of Accumulation Units credited to the Participant's Account is determined by dividing the dollar amount of

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the transaction by the Accumulation Unit Value for that Variable Investment Option at the next time it is computed.

**3.04 Accumulation Unit Value** – The Accumulation Unit Value is the value of one Accumulation Unit of a Variable Investment Option. We will calculate it at the end of trading each day the New York Stock Exchange is open, except as described in Section 6.08. The value of an Accumulation Unit of a Variable Investment Option is the Accumulation Unit Value last computed, multiplied by one plus the Investment Rate for the period. The Investment Rate may be positive or negative. The Investment Rate is the change in the value of the Investment Fund's portfolio (capital gains and losses whether or not realized and investment income) since the last computation, divided by the amount of assets at the beginning of the period, less a factor for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Separate Account Charge for the period at the applicable annualized rate up to 1.25%, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any taxes attributed to the Separate Account or reserve held for such taxes.

**3.05 Transfers During the Accumulation Period** – During the Accumulation Period, the Participant may request transfers by telephone, through the Company's website, or in writing by mail. The Participant may transfer amounts among Investment Options, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) We reserve the right to limit allocations among Investment Options to [twenty] at any one time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) We reserve the right to require transfers to be at least [30] days apart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Transfers from the Short Term Fixed Account</u>. After a transfer to the Short Term Fixed Account, the
Participant may not make any transfer from the Short Term Fixed Account for [90] days. We may change this transfer restriction at any time. However, the transfer restriction period may not exceed [180] days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Transfers from Fixed Account Plus</u>. The Participant may transfer to other Investment Options up to [20%]
of the Accumulation Value allocated to Fixed Account Plus during each Certificate Year. If multiple transfers are made in a Certificate Year, the percentages of the Accumulation Value transferred each time will be added together to determine the
[20%] transfer limit for that Certificate Year. For each transfer, the percentage transferred is the ratio of the amount transferred to the portion of the Accumulation Value allocated to Fixed Account Plus immediately prior to the transfer. However,
if following a [20%] transfer, the remaining amount allocated to Fixed Account Plus would be less than [$500], the Participant may transfer the remaining amount.

**3.06 Transfers During the Annuity Period** – During the Annuity Period, the Participant may transfer Annuity Unit values among the Variable Investment Options. The Participant may also transfer Annuity Unit values from the Variable Investment Options underlying a Variable Annuity to provide a Fixed Annuity. Transfers must be at least 365 days apart. We will not permit any transfer from a Fixed Annuity during the Annuity Period. Refer to section 4.12 for the definition of an Annuity Unit.

**Section 4 – BENEFITS** 

**4.01 Cash Surrender or Withdrawal –** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Cash Surrender</u>. Subject to the restrictions in Sections 5.01 and 5.03, the Participant may surrender the
Participant Account before the Annuity Date for a cash payment equal to the Surrender Value as of the date We receive the request at the Administrative Service Office. The Surrender Value is the Accumulation Value less any charges described below,
if applicable.

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The Surrender Value of the Fixed Account Options will never be less than the amount of all Purchase Payments allocated to the Fixed Account Options, less any amounts transferred to Variable Investment Options or withdrawn.

b) <u>Withdrawal</u>. Subject to the restrictions in Sections 5.01 and 5.03, the Participant may withdraw a
portion of the Accumulation Value in cash at any time before the Annuity Date. We may deduct a charge as described below in section 4.02.

c) <u>Contract Owner Withdrawal or Surrender</u>. Subject to the restrictions in Section 5.03 and in
accordance with applicable law, the Code and/or ERISA:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Except as otherwise expressly authorized by a Plan under which this Contract is held, rights to surrender or
withdraw under this Section 4.01, apply to the Participant. Plan authority conferred on the Contract Owner, if applicable, which may include authority to surrender the Contract, would be applied to the time of any such withdrawal by determining
the amount available for surrender with respect to each Certificate and adding up all of those amounts to determine the aggregate available withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In the event the Contract Owner withdraws or surrenders pursuant to this Section 4.01(c),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) The Contract Owner and the Company will mutually agree to a date on which Purchase Payments will no longer be
accepted by the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) On behalf of the Participants, the Contract Owner will be permitted to surrender the Contract in accordance
with Section 4.02 with respect to the Variable Investment Options and the Fixed Account Options, as determined in each case by mutual agreement with the Company.

**4.02 Charges for Cash Surrender or Withdrawal** - There is no charge for cash surrenders or withdrawals.

**4.03 Annuity Period** – The Annuity Period begins at the Annuity Date, when the Participant's Accumulation Value is applied under an Annuity Income Option. The Participant may change the Annuity Date shown on the first page of the Participant Certificate by giving Us at least 30 days' notice. The selected Annuity Date may be the first day of any calendar month, but if the Participant chooses a life income option, the Annuity Date may not precede the Participant's [50<sup>th</sup> ] birthday without Our permission unless otherwise required under the Plan, if any.

**4.04 Starting Annuity Income Benefits** – At least 30 days in advance of the Annuity Date, the Participant must choose one of the Annuity Income Options in Section 4.08 and provide reasonable proof of age for any person whose age is taken into account under a life income option. If the Participant fails to select another Annuity Income Option, annuity payments will be made on the basis of the Second Option with payments guaranteed for a ten-year period, commencing on the Annuity Date.

**4.05 Partial Annuitization / No Commutation** – The Participant may choose to apply less than the full Accumulation Value under an Annuity Income Option and may choose different Annuity Dates and different Annuity Income Options for different portions of the Accumulation Value. Therefore, the Contract may, at times, be in both an Accumulation Period and an Annuity Period. If the Participant chooses to do this, the provisions of the Contract relating to the Accumulation Period and the Annuity Period will be applied as though there were separate Contracts. Full or partial commutations by the Participant are not permitted.

**4.06 Minimum Annuity Payments** – The Participant may not choose any Annuity Income Option if the resulting initial payment would be less than $20 ("Minimum Annuity Payment") or the Accumulation Value is less than $5,000 ("Minimum Accumulation Value"), in each case under either a Fixed Annuity, Variable Annuity or a combination Fixed and Variable Annuity. We reserve the right to convert monthly payments to quarterly, semi-annual, or annual payments so the initial payment will be at least the Minimum Annuity

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Payment. If an Annuity Income Option is not available due to a Minimum Annuity Payment not being achievable or failure to meet the Minimum Accumulation Value, then USL may cancel the annuity and pay the Accumulation Value of the Certificate to the Participant with no withdrawal charge.

**4.07 Misstatement of Age** – If the annuity payments depend upon an individual's survival and the date of birth of any individual was misstated, We will adjust the remaining payments. The amount remaining to be paid will be the amount that should have been paid with the correct information. We will credit or charge the amount of any underpayment or overpayment against the next succeeding payment or payments, if any remain. We reserve the right to collect any overpayment directly from the payee. Once annuity payments have begun, any underpayments will be made up in one sum including interest at the annual rate of [3]% with the next annuity payment. Overpayments including interest at the annual rate of [3]% will be deducted from the future annuity payments until the total is repaid.

**4.08 Annuity Income (Payment) Options** – The Participant may choose to receive payments under any of the Annuity Income Options below or any other option agreed to by USL. Annuity payments will be made periodically. Any option chosen must comply with applicable state and federal laws and regulations. Available Annuity Income Options may be limited by the Plan, if any.

**FIRST OPTION** – <u>Life Annuity With No Guarantee Period</u> – An income payable during the Participant's life. All payments cease at the Participant's death with no further amounts payable.

**SECOND OPTION** – <u>Life Annuity With Guarantee Period of 5, 10, 15, or 20 years</u> – An income payable during the Participant's life. If, at the Participant's death, We have made payments for fewer than the number of years selected, We will continue payments to the Beneficiary for the remainder of the guarantee period.

**THIRD OPTION** – <u>Life Annuity With Cash or Unit Refund Option</u> – An income Payable during the Participant's life. Payments cease at the Participant's death. However, the Beneficiary may receive an additional payment. For payments on a Fixed Annuity basis, the additional payment, if any, will be the Accumulation Value applied to this option less the total of all prior payments. For payments on a Variable Annuity basis, the additional payment, if any, will be the current value of the number of Annuity Units credited at the Annuity Date less the number of Annuity Units that have been paid. For this purpose, the number of Annuity Units credited equals the Accumulation Value applied to this option divided by the Annuity Unit Value at the date used to calculate the first annuity payment.

**FOURTH OPTION** – <u>Joint and Survivor Life Annuity</u> – An income payable during the joint lives of the Participant and a second person and thereafter during the life of the survivor.

**FIFTH OPTION** – <u>Payments for a Designated Period</u> – An income payable for a selected number of years between five and thirty. This option is available for Fixed Annuities only.

For an Annuity Income Option quote, please call Us at the telephone number under Customer Service Information on the last page on this Contract or a certificate.

**4.09 Fixed or Variable Annuity Basis** – A Fixed Annuity provides benefit payments of a fixed dollar amount. A Variable Annuity provides benefit payments which vary with the investment return of the chosen Variable Investment Options.

The Participant may elect to receive payments under any annuity option as a Fixed Annuity, a Variable Annuity, or a combination Fixed and Variable Annuity. If the Participant makes no election, amounts in Fixed Account Options will provide a Fixed Annuity and amounts in Variable Investment Options will provide a Variable Annuity.

**4.10 Variable Annuity Payments** – We will determine the amount of each Variable Annuity payment by multiplying the number of Annuity Units payable by the Annuity Unit Value on the [tenth] day (or the preceding business day if the [tenth] day is not a business day) prior to the payment due date.

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We will determine the number of Annuity Units payable at the beginning of the Annuity Period. We will divide the dollar amount of the first payment by the Annuity Unit Value for that Variable Investment Option on the tenth day before the Annuity Date. The number of Annuity Units payable from each Variable Investment Option remains constant unless the Participant transfers a portion of the annuity benefit between the Variable Investment Options or from a Variable Annuity to a Fixed Annuity. However, the dollar amount payable is not fixed and may change from month to month. Neither expenses actually incurred, other than taxes on the investment return, nor mortality actually experienced, shall adversely affect the dollar amount of variable annuity payments after such payments have commenced. The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of the variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and AIR You selected. The Contract's assumed rate of return is based on compounded interest.

**4.11 Assumed Investment Rate (AIR)** – Since the future rate of return on Variable Options is unknown, the Participant must choose an Assumed Investment Rate (AIR). The AIR is the assumed rate of return used to determine the first annuity payment for a Variable Annuity Option, and once the AIR is established, it cannot be changed. Rates of 3%, 3 1/2%, 4 1/2%, 5% or a higher rate may be chosen if permitted by state law and regulations. If no AIR is chosen, the AIR will be 3 <sup>1</sup>⁄<sub>2</sub>%. A higher AIR will result in a higher initial payment. Choice of a lower AIR will result in a lower initial payment. Payments will increase whenever the Investment Rate exceeds the chosen AIR. Payments will decrease whenever the Investment Rate is less than the chosen AIR.

**4.12 Annuity Units and Annuity Unit Value** – An Annuity Unit is a measuring unit We use to determine the amount of the annuity payments to be made. All or a portion of the Accumulation Value is used to purchase a stream of annuity payments represented by a number of Annuity Units payable each period. The value of these Annuity Units represents the benefit amount paid each period.

For Fixed Annuity options, the number of Annuity Units equals the dollar amount of each payment since the Annuity Unit Value is fixed at $1.00.

For Variable Annuity options, the Annuity Unit Value varies with the investment rate each period. The Annuity Unit Value is the value of one Annuity Unit of an Investment Option.

The value of a Variable Annuity Unit is A multiplied by B multiplied by C (AxBxC).

A = the Annuity Unit Value for the Variable Investment Option at the immediately preceding computation date

B = 1 + the for the variable fund for the period

C = the applicable AIR Factor from the following table raised to the power of the number of days in the period

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| | |
|:---|:---|
| AIR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIR Factor |
| 3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.999919 |
| 3<sup>1</sup>⁄<sub>2</sub>% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.999906 |
| 4<sup>1</sup>⁄<sub>2</sub>% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.999879 |
| 5% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.999866 |

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**4.13 Betterment of Rates** – Fixed and Variable Annuity – We will use the applicable current settlement option rates if these will provide higher fixed annuity payments to the Participant, less any applicable premium taxes.

**4.14 Actuarial Basis of Computation –** For all Annuity Income Options, the value We use to determine annuity payments will be the applied portion of the Accumulation Value on the tenth day (or the preceding

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business day if the tenth day is not a business day) preceding the date of the first annuity payment, less any applicable premium taxes. The actuarial basis for the life Annuity Income Options is the 2012 Individual Annuity Reserving (IAR) Table using the age nearest birthday of the Annuitant at the time of the first payment is due and if applicable, a designated second person if permitted under the Annuity Income Options in Section 4.08 and the Fixed Account Option minimum guaranteed interest rate in Section 3.01(b). The annuity rates pertaining to the Actuarial Basis of Computation for Annuity Income Options that are payable for the lifetime of the Annuitant will be furnished upon Your request.

For the Fifth Option, the following table demonstrates payments as described with an example of a 1% interest rate.

**DOLLAR AMOUNT REQUIRED TO PURCHASE AN ANNUITY** 

**WITH A FIRST MONTHLY PAYMENT OF $1.00** 

Option 5 – Payment for a Designated Period

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| | | | |
|:---|:---|:---|:---|
| Years of Payment | Years of Payment | Years of Payment | Years of Payment |
| &nbsp;&nbsp;&nbsp;5 | $58.51 | 18 | $197.68 |
| &nbsp;&nbsp;&nbsp;6 | $69.86 | 19 | $207.66 |
| &nbsp;&nbsp;&nbsp;7 | $81.11 | 20 | $217.54 |
| &nbsp;&nbsp;&nbsp;8 | $92.24 | 21 | $227.32 |
| &nbsp;&nbsp;&nbsp;9 | $103.26 | 22 | $237.00 |
| &nbsp;&nbsp;&nbsp;10 | $114.18 | 23 | $246.59 |
| &nbsp;&nbsp;&nbsp;11 | $124.98 | 24 | $256.09 |
| &nbsp;&nbsp;&nbsp;12 | $135.68 | 25 | $265.49 |
| &nbsp;&nbsp;&nbsp;13 | $146.27 | 26 | $274.79 |
| &nbsp;&nbsp;&nbsp;14 | $156.76 | 27 | $284.01 |
| &nbsp;&nbsp;&nbsp;15 | $167.14 | 28 | $293.13 |
| &nbsp;&nbsp;&nbsp;16 | $177.42 | 29 | $302.17 |
| &nbsp;&nbsp;&nbsp;17 | $187.60 | 30 | $311.11 |

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**4.15 Beneficiaries –** This Section 4.15 provides for terms relating to a Beneficiary in the event a death occurs during the Accumulation Period or during the Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Definition of a Beneficiary</u>. A Beneficiary is the person or entity the Participant designates to receive
any benefits payable upon the Participant's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Designation of a Beneficiary</u>. During the Participant's lifetime, he or she has the right to
designate a Beneficiary and to change the designation. The change may be made by sending a written request to Our Administrative Service Office. A change in Beneficiary will take effect on the date the request is signed; subject to any actions taken
by Us prior to the date We receive the written change of Beneficiary notice. The Owner's most recent Beneficiary change notice in writing received by Us will replace any prior Beneficiary designations. We are not liable for any payment(s) made
by Us before the receipt of such written change of Beneficiary notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Payments to Beneficiary</u>. Unless otherwise provided in the Beneficiary designation or in 4.16(a) or (b):

1) If any Beneficiary dies prior to the Participant, that Beneficiary's interest will be divided pro rata among the remaining named Beneficiaries.

2) If no Beneficiary survives the Participant, death benefits will be paid to the Participant's estate.

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3) If any Beneficiary dies after the Participant, that Beneficiary's interest will pass to his or her Beneficiary or, if none, to his or her estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Simultaneous Death Provision</u>. If We cannot determine whether the Participant or a Beneficiary died first
in a common disaster, We will assume that the Beneficiary died first and make payments on that basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(e)</u> <u>Multiple Beneficiaries</u>. The Participant may designate two or more Beneficiaries to receive separate
percentage interests in the death benefits payable under this Contract. Each such Beneficiary may separately exercise the rights that a Beneficiary has under this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(f)</u> <u>Contingent Beneficiaries</u>. The Participant may designate one or more Contingent Beneficiaries. A
Contingent Beneficiary will receive benefits payable upon the Participant's death if all of the primary Beneficiaries have died prior to the Participant. A Contingent Beneficiary will have all of the same rights as a Beneficiary during the
Accumulation Period or an Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(g)</u> <u>Trust or Estate as Beneficiary</u>. Payments to a Beneficiary that is a trust or estate will be made only in
a lump sum or in installments over a period not to exceed five years, to the extent required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(h)</u> <u>Unlocatable Beneficiaries.</u> If after exercise of reasonable diligence We are unable to obtain a mailing
address or other suitable contact information for a designated Beneficiary using methods allowed by and within the period required by applicable state or federal regulations, then, except as otherwise directed by the Contract Owner and in accordance
with the terms of the Plan, if any, or as otherwise required under applicable law, We will deem the Participant to have no designated Beneficiary, and We will pay the proceeds to the Participant's Estate.

**4.16 Death Payment Provisions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Death During Accumulation Period.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If the Participant dies during the Accumulation Period, a death benefit is payable. The death benefit is the
greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Accumulation Value of the Participant's Account on the date We receive proof of death in good order,
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. 100% of Adjusted Purchase Payment Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Adjusted Purchase Payment Amount means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. On the issue date of a Participant's certificate, the Adjusted Purchase Payment Amount shall be the sum of
all Purchase Payments under the certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On any date after the issue date of a Participant's certificate, the Adjusted Purchase Payment Amount
shall be increased by additional Purchase Payments made to the certificate and reduced proportionately by all prior Gross Withdrawals as provided in 4.16(a)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Each Gross Withdrawal (meaning, all withdrawals of any kind and associated fees and charges and any portion of
the Accumulation Value that has been applied to an Annuity Income Option) shall result in a proportionate reduction in the Adjusted Purchase Payment Amount, determined by multiplying the Adjusted Purchase Payment Amount, measured immediately prior
to the Gross Withdrawal, by a fraction. Such fraction shall be equal to the Gross Withdrawal divided by the Accumulation Value immediately prior to the Gross Withdrawal.

In the event no Beneficiary or Contingent Beneficiary has been named, or if none of the Beneficiaries survive the Participant, then benefits will be paid as set forth in this Section 4.16(a) consistent with applicable contract or law including the Code and ERISA, and if no such requirements dictate who benefits will be paid to, then to the Participant's estate. The death

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benefit is payable at any time the Participant's Beneficiary selects and in any form the Participant could have selected under the Contract. If any Beneficiary or Contingent Beneficiary does not select a form of payment of the death benefit, then the death benefit will be paid as set forth in this Section 4.16(a) consistent with applicable law including the Code and ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b) Death During Annuity Period.</u> If the Participant dies during the Annuity Period, the amount of the death benefit, if any, will be based on the terms of the Annuity Income Option. Unless the Participant elected the Fourth Option, the Beneficiary may elect to receive the death benefit in one of the following forms:

1) Continuing annuity payments under the terms of the Participant's Annuity Income Option with the right, for Variable Annuities only, to receive the remaining payments in a lump sum at any time thereafter;

2) A lump sum; or

3) Annuity payments under another Annuity Income Option, based on the available lump sum and subject to the applicable limitations of the Code and ERISA.

The lump sum available under these alternatives is the present value of remaining payments, discounted at the Assumed Investment Rate, and based on the current Annuity Unit Value for 2) and 3), or the value next determined after receipt of the request at USL's Administrative Service Office for 1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c) Investment Options and Other Rights.</u> Until the death benefits have been fully paid, the Participant's Beneficiary will be entitled to exercise all the Investment Options and other rights the Participant can exercise under this Contract. Unpaid death benefits that have not been applied under an Annuity Income Option will have an Accumulation Value determined in the same manner as the Participant's Accumulation Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d) Proof of Death.</u> Proof of death may be made by sending USL a certified copy of the death certificate, a certified copy of a decree of a court of competent jurisdiction as to death, a written statement by an attending physician, or any other proof satisfactory to USL.

**Section 5 – CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** 

**5.01 General –** If the Participant's Purchase Payments are made under a voluntary salary reduction agreement as part of a tax-deferred annuity arrangement under Section 403(b) of the Code, there may not be a separate Plan document, in which case the Contract is the Plan.

**5.02 Direct Rollovers** – If any benefit payable under this Contract constitutes an "eligible rollover distribution" within the meaning of Section 402 of the Code, the Participant has the right to elect to have such distribution paid directly to an "eligible retirement plan" in a transaction designated under the Code as a "direct rollover." Before any eligible rollover distribution is made to the Participant, we will provide the Participant with a written explanation of the Participant's right to make a direct rollover and the tax consequences of making or not making a direct rollover. No surrender, withdrawal, or other benefit distribution that constitutes an eligible rollover distribution will be made to the Participant under this Contract, unless the Code's requirements applicable to eligible rollover distributions have been satisfied. Except for eligible rollover distributions, We reserve the right to make payments only to the Participant or the Participant's Beneficiary.

**5.03 Plan Provisions** –The Contract Owner may impose limits and/or requirements on the Participant consistent with the terms of the Plan, however such Plan provisions do not become part of this Contract.

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No such Plan provision shall limit a Participant's rights under this Contract, unless the Contract Owner has provided USL with written notification of such provision. In no event shall any such Plan provision enlarge USL's obligations under this Contract.

**Section 6 – GENERAL PROVISIONS** 

**6.01 Participant Certificates** – We will issue certificates to each Participant. Each certificate will set forth the benefits to which the Participant is entitled under the Contract.

**6.02 Vesting** – Except as may be provided in the Plan, the Code and ERISA, the Participant's rights under this Contract are fully vested and nonforfeitable. USL Separate Account RS holds all assets for Variable Investment Options for the exclusive benefit of Participants, Beneficiaries, and other holders of annuity contracts.

**6.03 Written Notices to Us** – Except as specifically provided otherwise, any notice of change, election, choice, option or other exercise of right given under the Contract must be in a written request or notice in acceptable form and content to Us which is signed and dated by a Participant. Such notice will be deemed effective as of the date of the written request for the change and must be received at Our Administrative Service Center. The change will be subject to action taken by Us before the request is received.

**6.04 Change of Contract** – We may change this Contract to the extent it is required or deemed advisable to do so in order to conform the Contract to applicable law. In addition, upon at least 30 days' written notice from the Contract Owner, We may make other changes to this Contract which will apply only to individuals who become Participants after the effective date of such change. All changes We make will be subject to any applicable regulatory requirements.

**6.05 Future Participants** – We may at our discretion curtail or prohibit new Participants under this Contract upon written notice to the Contract Owner.

**6.06 Reports** – We will send the Participant a Separate Account financial report twice each year if the Participant has values in any Variable Investment Option. We will send to the Participant, at least annually, a statement showing the dollar value of all investment options, investment performance since the prior statement, and as applicable, the number and value of any Variable Accumulation Units credited to the Participant's Account. All statements will be mailed within two months of the date of the information.

**6.07 Voting Rights** – We will hold the voting rights on all shares held in the Separate Account. To the extent of this Contract's participation in the Separate Account through one or more Variable Investment Options, We will vote those shares as instructed. Except as otherwise directed by the Contract Owner and pursuant to the Plan, the Participant, or the Beneficiary, if the Participant has died, will have the voting instruction rights prior to the Annuity Date. The annuity payee will have the voting instruction rights on and after the Annuity Date.

**6.08 Suspension of Payments** – USL reserves the right to suspend or postpone payments or withdrawals under the Separate Account for any period when: (a) the New York Stock Exchange is closed (other than customary weekend and holiday closings); (b) when trading on the New York Stock Exchange is restricted; (c) when an emergency prevents disposal of or determination of the value of shares of the Variable Account Options is not reasonably practicable; or (d) during any other period when the SEC, by order, so permits for the protection of security holders. The Company will notify the New York State Department of Financial Services of any suspension under this section 6.08.

**6.09 Deferral of Cash Surrender or Withdrawal** – USL may defer payment of any surrender of amounts accumulated in Fixed Account Options if permitted by applicable law. Deferral shall not exceed six months from the receipt of written notice at the Administrative Service Office in good order. Interest shall be

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paid if payment is deferred for ten days or more after the date on which the surrender notice was received by USL on fully and accurately completed forms and/or instructions, including any necessary documentation We may require, applicable to any given request from a Participant received at Our Administrative Service Center. Interest will be credited at the rate then currently being credited in the applicable Fixed Account Options.

**6.10 Proof of Survival** – We reserve the right to require reasonable proof that the Participant and any payee is alive on the date any benefit payment is due. If this proof is not received after requested in writing, We will have the right to make reduced payments or to withhold payments entirely until such reasonable proof is received. Such proof will only be required no more frequently than annually or if We have reasonable suspicion a Participant or a payee is deceased.

**6.11 Substitution of Investment Fund Shares** – If shares of a particular Investment Fund are not available or if, in the judgment of USL, such shares are no longer appropriate for a Variable Investment Option, shares of another Investment Fund may be substituted for the Investment Fund shares already held under the Variable Investment Options and for those to be purchased by future Purchase Payments or transfers under this Contract. In the event any substitution occurs, USL will notify the Contract Owner in advance of the substitution.

**6.12 Minimum Benefit** – The paid up annuity, cash surrender or death payment available under this Contract will not be less than the minimum benefits required by any statute of the state in which the Contract is delivered.

**6.13 Separate Account** – Amounts allocated by Us to a Separate Account shall be owned by Us. The Separate Account assets shall be Our property. All of the assets of the Separate Account are not chargeable with liabilities arising out of any other business of USL, provided that the portion of assets of the Separate Account not chargeable with liabilities arising out of any other business of USL shall not exceed the following: (a) the assets purchased with considerations allocated to the Separate Account by the Contract Owner or Participant certificate holder; minus (b) any benefits paid from such assets; minus (c) any charges taken from such assets under the terms of the Contract or a Participant certificate; minus (d) any Contract Owner or Participant certificate holder initiated transfers of such assets out of the Separate Account; plus (e) the net investment returns earned on the net amount of such assets.

**6.14 Merger or Closure of One or More Investment Funds** – The following provisions will apply in the event of closure of or changes to the Short Term Fixed Account and the Fixed Account Plus or to one or more of the Investment Funds underlying the Variable Investment Options in the Separate Account described in Section 3.02:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Short Term Fixed Account and/or the Fixed Account Plus, or an Investment Fund, is closed to new Purchase
Payments and/or new transfers, and absent alternate directions from You, amounts that otherwise would have been deposited into the closed Fixed Account Option(s) will be invested in a money market fund Variable Investment Option, if available, or
otherwise, in the Short Term Fixed Account, and with respect to a closed Variable Investment Option(s), amounts that otherwise would have been deposited into the closed Variable Investment Option will be invested in such other Investment Option(s),
as consistent with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a change is made to one or more of the underlying Investment Funds, through a merger or other fund action,
upon official notification of such fund action(s) the Company will make reasonable efforts to provide advance notice to the Plan of any relevant changes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If an Investment Fund then available in the Plan ("Merged Fund") is to be merged with and into an
Investment Fund that is not available in the Plan ("Surviving Fund"): (i) the Plan may direct assets in the Investment Option invested in the Merged Fund, and any future contributions that would be allocated to such Variable Investment
Option, to another Variable Investment Option available in the Contract; or (ii) if prior to the effective date of a

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fund merger, a Plan has not provided to the Company any directions under section 6.14(b) or Section 6.14(c)(i), then: (x), the Contract shall default to inclusion of the Variable Investment Option invested in the Surviving Fund, (y) Plan assets in the Variable Investment Option invested in the Merged Fund shall be allocated to the Variable Investment Option invested in the Surviving Fund upon the effective date(s) of the fund merger, and (z) contribution instructions directing allocations to the Variable Investment Option invested in the Merged Fund at the effective date of the merger shall be redirected to the Variable Investment Option invested in the Surviving Fund following the effective date(s) of the fund merger, until or unless alternate direction is provided by or on behalf of the Plan.

**6.15 Termination of the Contract by USL** – USL may suspend this Contract by giving written notice as otherwise provided in this Contract or if it is determined that Purchase Payments do not comply with the requirements of the Code or ERISA. Upon depletion of all the assets under the Contract, the Contract will terminate, and USL will be relieved of all further liability, except with respect to any Annuities purchased on behalf of Participants.

**6.16 Forfeiture** – If the Plan under which this Contract is held includes an account reflecting amounts previously forfeited by Participants pursuant to the Plan's vesting schedule, or other amounts which, consistent with the terms of the Plan, will not be allocated to Participant Accounts (including amounts which may be allocated to such Participant Accounts at a later date), then except as otherwise directed by the Employer or other authorized Plan representative and agreed by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Such amounts shall be maintained in a separate unallocated fixed investment option under the Contract's
fixed investment option with the shortest holding period requirement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Interest or crediting rates determined with respect to such separate option shall be guaranteed for not less
than one calendar year at a rate that is not less than the minimum rate otherwise guaranteed for the life of the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding any provision of the Contract to the contrary, no restrictions, limitations or charges shall
apply to the allocation of such amounts to Participant Accounts.

**6.17 Distributed Contract** – The Contract Owner may direct the distribution of a fully paid-up Certificate from the Contract Owner's Plan, in which case all rights otherwise reserved in the Certificate to the Contract Owner, the Plan, or an agent of either the Contract Owner or the Plan (other than the limited authority to hold a group annuity contract, if applicable, without exercising rights thereunder) are hereby terminated, and such rights are reserved solely to the Participant.

**6.18 Applicable Law** - This Contract has been delivered to You or a designated representative in the State of New York. This Contract will be construed in accordance with and governed by applicable law of the State of New York.

**6.19 Non-Participating Contract** – This Contract is non-participating and does not share in the profits or surplus of USL.

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**CUSTOMER SERVICE INFORMATION** 

If you have any questions regarding this Contract, please call us at

[1-800-448-2542] or write:

The United States Life Insurance Company in the City of New York

[Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

<sup>©</sup> The United States Life Insurance Company in the City of New York. All rights reserved.

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

**The United States Life Insurance Company in the City of New York (USL)** 

Home Office

[28 Liberty Street, 47<sup>th</sup> floor

New York, New York 10005]

Administrative Service Office

**[**Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

**PARTICIPANT:** [John Doe]

**GROUP NUMBER:** [12345] **DATE OF ISSUE**: [01/01/2025]

**PARTICIPANT ACCOUNT NUMBER:** [123A456] **ANNUITY DATE:** [01/01/2045]

This Certificate is issued to the named Participant under the Group Annuity Contract ("Contract"). It contains a summary of Your rights and benefits under the Contract, but it is not a part of the Contract and does not change any of the terms or provisions of the Contract. USL will pay annuity and other benefits as provided in the Contract.

**PLEASE READ YOUR CERTIFICATE CAREFULLY** 

**See Index on Page 2** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Maintenance Charge –** There may be an account maintenance charge during the accumulation period. The
charge is $3.75 for each quarter and is assessed only if any portion of the Accumulation Value was applied to one or more Variable Investment Options during that quarter. See Section 2.05 for a complete description.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Separate Account Charge –** There is a daily charge against the Separate Account at an annual rate of
up to 1.25% of the assets of the Variable Investment Options to which assets are allocated. This charge only applies to assets of the Variable Investment Options. See Section 2.06.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Cash Surrender or Withdrawal Charge –** There is a charge at the time of surrender or withdrawal equal
to 5% of (i) the amount withdrawn, or (ii) the amount of any Purchase Payments received during the most recent 60 months prior to the surrender or withdrawal, whichever is less. See Sections 4.03 through 4.05 for a complete description and
conditions under which there is no charge.

The conditions and provisions on the following pages, including any attached Endorsement(s) and/or Rider(s) to the Certificate, are the entire legal contract between USL and the Participant. No agent has the authority to change this Certificate or waive any of its provisions. Only the President or a Vice President of USL may change this Certificate. Any such changes must be in writing. All conditions and provisions are subject to applicable state and federal laws. In the instances of a conflict between the terms of the Contract and the terms of the Certificate, the terms of the Certificate will govern.

**RIGHT TO EXAMINE – If, within 20 days of receipt of this Certificate under the Contract (60 days if the Certificate under this Contract replaced any other life insurance or annuity contract(s) or certificate(s)) You are not satisfied with it, You may return this Certificate to Our Administrative Service Office or to an authorized representative of the Company. The Company will refund the Purchase Payment, including any fees or other charges, or the Accumulation Value, whichever is greater, as of the business day during which We or an authorized representative receives the Certificate under the Contract as of the date the Certificate under the Contract is mailed (post-marked date) to Us. Upon such refund, the Certificate under the Contract shall be void.** 

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EXECUTED AT USL'S HOME OFFICE ON THE DATE OF ISSUE

![LOGO](g934124dsp293.jpg)

ANNUITY PAYMENTS AND SURRENDER VALUES PROVIDED BY THIS CERTIFICATE WHEN BASED ON INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT AND WILL INCREASE OR DECREASE IN VALUE BASED ON INVESTMENT RESULTS.

The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and Assumed Investment Return elected.

[**USL may close the fixed account options provided for in the Contract and this Certificate to new deposits or transfers at any time after the Date of Issue with [ 30 ] days advance written notice (see section 3.01). ]**

**PARTICIPANT CERTIFICATE** 

**GROUP VARIABLE DEFERRED ANNUITY CONTRACT WITH FIXED FUNDING** 

**NON-PARTICIPATING** 

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---

| | | |
|:---|:---|:---|
|  | **INDEX** |  |
| **Section 1** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **DEFINITIONS** | **[5-6]** |
| **Section 2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **CONTRACT AND PURCHASE PAYMENTS** | **[6]** |
| 2.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incontestability | [6] |
| 2.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Contract Value | [6] |
| 2.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan Provisions | [6] |
| 2.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase Payments | [6] |
| 2.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance Charge | [6] |
| 2.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate Account Charge | [6] |
| **Section 3** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **INVESTMENT OPTIONS** | **[6-7]** |
| 3.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Account Options | [7] |
| 3.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Investment Options | [7] |
| 3.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation Unit | [7] |
| 3.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation Unit Value | [8] |
| 3.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers During the Accumulation Period | [8] |
| 3.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers During the Annuity Period | [8] |
| **Section 4** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **BENEFITS** | **[8]** |
| 4.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Surrender or Withdrawal | [8-9] |
| 4.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charges for Cash Surrender or Withdrawal | [9] |
| 4.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No Charge Systematic Withdrawals | [9-10] |
| 4.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No Charge Minimum Distributions | [10] |
| 4.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Conditions Under Which No Surrender or Withdrawal Charges are deducted | [10] |
| 4.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Period | [10-11] |
| 4.07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starting Annuity Income Benefits | [11] |
| 4.08 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Partial Annuitization/No Commutation | [11] |
| 4.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Annuity Payments | [11] |
| 4.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Misstatement of Age | [11] |
| 4.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Income (Payment) Options | [11-12] |
| 4.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed or Variable Annuity Basis | [12] |
| 4.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Annuity Payments | [12] |
| 4.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assumed Investment Rate (AIR) | [12] |
| 4.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Units and Annuity Unit Value | [12-13] |
| 4.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Betterment of Rates | [13] |
| 4.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Actuarial Basis of Computation | [13-14] |
| 4.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiaries | [14] |
| 4.19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death Payment Provisions | [14-15] |
| **Section 5** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** | **[15]** |
| 5.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General | [15-16] |
| 5.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Direct Rollovers | [16] |
| **Section 6** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GENERAL PROVISIONS** | **[16]** |
| 6.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vesting | [16] |
| 6.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written Notices to Us | [16] |
| 6.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reports | [16] |
| 6.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Voting Rights | [16] |
| 6.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suspension of Payments | [16-17] |

---

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6.06 Deferral of Cash Surrender or Withdrawal [17]

6.07 Proof of Survival [17]

6.08 Substitution of Investment Fund Shares [17]

6.09 Minimum Benefit [17]

6.10 Separate Account [17]

6.11 Merger or Closure of One or More Investment Options [17-18]

6.12 Termination of the Contract by USL [18]

6.13 Forfeiture [18]

6.14 Distributed Contract [18]

6.15 Applicable Law [18]

6.16 Non-Participating Contract [18]

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**Section 1 – DEFINITIONS** 

**Accumulation Period –** the time between the date of the first Purchase Payment and the Annuity Date, as defined in Section 4.06, for a Participant.

**Accumulation Value –** equals the sum of the values of the Fixed Account Options and Variable Investment Options allocated to a Participant Account that have not been applied to provide annuity payments.

**Administrative Service Office –** the address shown on Page 1 of the Contract or this Certificate where all Written Notices to Us regarding the Contract or this Certificate are to be sent.

**Annuitant** – means the person on whose life USL will base payments during the Annuity Period.

**Annuity** – a periodic benefit purchased for a Participant under Section 4.

**Annuity Period** – the time during which USL makes annuity payments.

**Certificate Year** – the twelve month period starting with the issue date of a Participant's Certificate and each anniversary of that date.

**Code** – the Internal Revenue Code of 1986, as amended.

**Company** – "We," "Our," "Us," "Company," or "USL," means The United States Life Insurance Company in the City of New York.

**Contract –** the legal agreement between USL and the Contract Owner, under which this Certificate is issued.

**Contract Owner** – the entity that makes application for the Contract. A reference to "You" or "Your" means the Contract Owner or designated administrator.

**ERISA** - the Employment Retirement Income Security Act of 1974, as amended.

**General Account** – assets of The United States Life Insurance Company in the City of New York other than those in the Separate Account or any other segregated asset account.

**Investment Fund** – an investment portfolio or fund which is the underlying investment medium for a Variable Investment Option.

**Participant** – a person for whom or with respect to whom Purchase Payments are made under the Certificate. Any reference to "You" or "Your" means Participant.

**Participant Account** – an individual account which is established for a Participant to record the Accumulation Value for the Participant.

**Plan** – the employer-sponsored retirement plan, annuity purchase arrangement, or deferred compensation program for which the Contract is issued.

**Purchase Payment** – an amount paid to USL for allocation to a Participant Account.

**SEC** – The U. S. Securities and Exchange Commission.

**Separate Account** – a segregated asset account established under the New York Insurance Law (known as USL Separate Account RS).

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**Surrender Value** – the Accumulation Value of a Participant Account less any applicable surrender charge and excluding any full or partial annuitization.

**Section 2 – CONTRACT AND PURCHASE PAYMENTS** 

**2.01** **Incontestability** – This Contract is incontestable.

**2.02 Minimum Contract Value** – We can distribute the Surrender Value if the Accumulation Value for Your account falls below [$300] and there are no Purchase Payments for [two Certificate Years].

**2.03 Plan Provisions** – As further explained in Section 5, the Contract is subject to the provisions of the Plan. To the extent provided by the Plan, any rights that may be exercised by You under the Contract may instead be exercised by the Contract Owner or a Plan representative.

**2.04 Purchase Payments** – Purchase Payments may be made at any time during the Accumulation Period and may include amounts that are rolled over or directly transferred from another plan; however, We reserve the right to limit, refuse or cease accepting Purchase Payments into the Contract or this Certificate, or specific categories of Purchase Payments (e.g., transfers from other plans or from other accounts or investments under the Plan, or transfers or Purchase Payments that are not periodic or that are limited in dollar amount) at any time, with not less than [180] days advance notice of such limitation or cessation. We require no payment beyond the first. There is no penalty if any scheduled payments are omitted or stopped.

If only one Purchase Payment is to be allocated to Your account, it must be at least [$1,000]. Periodic payments must be at least [$30] each. USL may waive this minimum.

We may deduct amounts from Purchase Payments or from the Accumulation Value for applicable premium taxes, if any. We will allocate the net Purchase Payment to one or more Investment Options according to Your directions.

**2.05 Maintenance Charge** – During the Accumulation Period, We will deduct a charge from the Accumulation Value for certain account maintenance expenses. The charge is due each calendar quarter during which the Accumulation Value includes any Variable Investment Option. We will not deduct the charge for any calendar quarter if the Accumulation Value is credited only to the Fixed Account Options throughout the calendar quarter.

We will deduct the charge at the end of the calendar quarter in which it is due, allocated proportionally among the Variable Investment Options of Your Account. However, if all Variable Investment Option Accumulation Values are withdrawn or transferred entirely to one or more Fixed Account Option(s), the full quarterly charge will be deducted at the time of surrender or transfer.

The charge is $3.75 for each Account for each quarter. The maintenance charge may be waived or reduced uniformly on all Participant Accounts for contracts issued under certain plans or arrangements which are expected to result in administrative cost savings. No reduction or waiver will be made that is unfairly discriminatory to any person.

**2.06 Separate Account Charge** – We deduct a daily charge from the Separate Account. The amount of the charge depends on the Variable Investment Options from which it is deducted and is imposed at an annual rate of up to 1.25% of the assets of the Variable Investment Options.

**Section 3 – INVESTMENT OPTIONS** 

We will allocate Purchase Payments to one or more Variable Investment Options and Fixed Account Options ("Investment Options") selected by You on the enrollment form. Each selection must be a whole percentage

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of Purchase Payments. We reserve the right to limit the number of Investment Options available under the Contract and this Certificate as set forth in Section 3.05(a). The Investment Options available under the Contract and this Certificate will be those selected by the Contract Owner on the application. The Contract Owner may request, from time to time, that We add or substitute Investment Options available from the Separate Account. Any such request will be subject to Our approval and to any other applicable limitations in the Contract.

**3.01 Fixed Account Options** – Fixed Account Options are based on the General Account. Allocations to the Fixed Account Options earn interest as credited daily by USL during the Accumulation Period. The interest credited will be at least the guaranteed minimum interest rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The guaranteed minimum interest rate that will be credited to amounts in the Fixed Account Options for a
Participant Account during the Accumulation Period will be shown on the Investment Information Page or an applicable endorsement, if needed, for that Participant Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding subparagraph (a) above, a separate guaranteed minimum interest rate will be used to
determine minimum fixed annuity payments during the Annuity Period. The guaranteed minimum interest rate for fixed annuity payments will be 2% or the Guaranteed Minimum Interest Rate shown on the Investment Information Page for that Participant
Account, if less.

There are two Fixed Account Options: Short Term Fixed Account and Fixed Account Plus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u> <u>Short Term Fixed Account</u>. We will credit interest to the Short Term Fixed Account on a portfolio basis.
On the portfolio basis, all amounts accumulated will be credited with the same rate of interest for not less than a calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u> <u>Fixed Account Plus.</u> We will credit interest to the Fixed Account Plus on the following basis:
Periodically, but not less frequently than annually based on a calendar year, We will declare interest rates that apply separately to amounts accumulated in separate time periods. Each such declared interest rate will be the same rate of interest
for not less than a calendar year.

[Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the Investment Options, at any time after the Date of Issue with [30] days advance written notice. USL may make the Fixed Account Options available or close the Fixed Account Options as frequently as it determines at any point in time while the Contract is in force, provided USL gives [30] advance written notice in each case. This right may be exercised where the yield on investments would not support the guaranteed minimum interest rate or where new Purchase Payments or transfers in or among Investment Options do not comply with requirements regarding transfers provided for in this Certificate.]

**3.02 Variable Investment Options** – Variable Investment Options are based upon Investment Funds available within the Separate Account. The Separate Account invests in a number of Investment Funds. Each Investment Fund underlying a Variable Investment Option has a different investment objective. Investment returns on Variable Investment Options may be positive or negative and are not guaranteed.

**3.03 Accumulation Unit** – An Accumulation Unit is a measuring unit for amounts allocated to a Variable Investment Option before annuity payments begin. The value of an Accumulation Unit will vary with the net investment return of the respective underlying Investment Fund. Accumulation Units may be credited to Your account due to a Purchase Payment or a transfer from another Investment Option. The number of Accumulation Units credited to Your account is determined by dividing the dollar amount of the transaction by the Accumulation Unit Value for that Variable Investment Option at the next time it is computed.

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**3.04 Accumulation Unit Value** – The Accumulation Unit Value is the value of one Accumulation Unit of a Variable Investment Option. We will calculate it at the end of trading each day the New York Stock Exchange is open, except as described in Section 6.05. The value of an Accumulation Unit of a Variable Investment Option is the Accumulation Unit Value last computed, multiplied by one plus the Investment Rate for the period. The Investment Rate may be positive or negative. The Investment Rate is the change in the value of the Investment Fund's portfolio (capital gains and losses whether or not realized and investment income) since the last computation, divided by the amount of assets at the beginning of the period, less a factor for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Separate Account Charge for the period at the applicable annualized rate up to 1.25%, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any taxes attributed to the Separate Account or reserve held for such taxes.

**3.05 Transfers During the Accumulation Period** – During the Accumulation Period, You may request transfers by telephone, through the Company's website, or in writing by mail. You may transfer amounts among Investment Options, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) We reserve the right to limit allocations among Investment Options to [twenty] at any one time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) We reserve the right to require transfers to be at least [30] days apart

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Transfers from the Short Term Fixed Account</u>. After a transfer to the Short Term Fixed Account, You may
not make any transfer from the Short Term Fixed Account for [90] days. We may change this transfer restriction at any time. However, the transfer restriction period may not exceed [180] days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Transfers from Fixed Account Plus</u>. You may transfer to other Investment Options up to [20%] of the
Accumulation Value allocated to Fixed Account Plus during each Certificate Year without charge. If multiple transfers are made in a Certificate Year, the percentages of the Accumulation Value transferred each time will be added together to determine
the [20%] transfer limit for that Certificate Year. For each transfer, the percentage transferred is the ratio of the amount transferred to the portion of the Accumulation Value allocated to Fixed Account Plus immediately prior to the transfer.
However, if following a [20%] transfer, the remaining amount allocated to Fixed Account Plus would be less than [$500], You may transfer the remaining amount, without charge.

**3.06 Transfers During the Annuity Period** – During the Annuity Period, You may transfer Annuity Unit values among the Variable Investment Options. You may also transfer Annuity Unit values from the Variable Investment Options underlying a Variable Annuity to provide a Fixed Annuity. Transfers must be at least 365 days apart. We will not permit any transfer from a Fixed Annuity during the Annuity Period. Refer to Section 4.15 for the definition of an Annuity Unit.

**Section 4 – BENEFITS** 

**4.01** **Cash Surrender or Withdrawal –** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Cash Surrender</u>. Subject to the restrictions in Section 5.01 You may surrender Your account before
the Annuity Date for a cash payment equal to the Surrender Value as of the date We receive the request at the Administrative Service Office. The Surrender Value is the Accumulation Value less any charges described below, if applicable.

The Surrender Value of the Fixed Account Options will never be less than the amount of all Purchase Payments allocated to the Fixed Account Options, less any amounts transferred to Variable Investment Options or withdrawn.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Withdrawal</u>. Subject to the restrictions in Section 5.01, You may withdraw a portion of the
Accumulation Value in cash at any time before the Annuity Date. We may deduct a charge as described below in Section 4.02.

Except as otherwise expressly authorized by a Plan under which this Certificate is held, rights to surrender or withdraw under this Section 4.01, apply to the Participant. If a Plan is authorized to direct such a surrender, withdrawal or transfer, such rights are cumulative of the individual Participant rights under this Section 4.

**4.02 Charges for Cash Surrender or Withdrawal** –

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General</u>. Cash surrender or withdrawal charges under the Contract or certificate will not apply unless
the Participant makes a surrender or withdrawal. The charge is 5% of (1) the amount withdrawn, or (2) the amount of any Purchase Payments received during the most recent 60 months prior to the surrender or withdrawal, whichever is less.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>10% withdrawal in Certificate Year.</u> Subject to the provisions of Sections 4.03 and 4.04, in any
Certificate Year, the Participant may withdraw up to 10% of the Accumulation Value without a charge. The surrender charge will be applicable only to the amount withdrawn that exceeds 10%. The percentage withdrawn will be calculated as the ratio of
the amount withdrawn to the Accumulation Value immediately prior to the withdrawal. If multiple withdrawals are made in a Certificate Year, the percentages withdrawn for each withdrawal will be added together to determine whether the 10% limit has
been exceeded.

Except as otherwise expressly authorized by a Plan under which this Certificate is held, rights to surrender or withdraw under Section 4.01, apply to the Participant. If a Plan is authorized to direct such a surrender, withdrawal or transfer, such rights are cumulative of the individual Participant rights under this Section 4.

**4.03** **No Charge Systematic Withdrawals -** We will waive applicable surrender charges under a No Charge
Systematic Withdrawal (NCSW). We reserve the right to limit the terms and conditions under which systematic withdrawals (including NCSWs) can be elected and to discontinue the availability of any or all systematic withdrawals at any time. However,
no change in availability will result in any charge against amounts withdrawn under a previously elected NCSW. A NCSW must meet all the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>a)</u> The elected stream of payments must be expected to last for at least five years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>b)</u> The NCSW must be payable to You.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>c)</u> The NCSW is not available in any Contract Year that You have in effect any other systematic withdrawal
(with or without charge) or a No Charge Minimum Distribution as described in Section 4.04 (NCMD).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>d)</u> Once You begin a NCSW, the terms of the election may not be changed. However, You may revoke the
election at any time. Once the election is revoked, You may not elect a NCSW again.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>e)</u> Withdrawals without charge as provided in Section 4.02(b), are not available in any Contract Year
the NCSW has been or is in effect. Distributions under the NCSW may not begin in a Contract Year in which You have taken one or more Section 4.02(b) withdrawals without charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>f)</u> Any of the following distribution methods may be elected.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Specified Payment</u> – payments of a designated amount. The annual dollar amount chosen must be the
same for each year the NCSW is in effect and cannot be greater than 20% of the Accumulation Value at the time of the NCSW election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Specified Percentage</u> – an annual specified percentage. The annual specified percentage chosen
cannot be greater than 20% of the Accumulation Value at the time of the NCSW election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Specified Period</u> – payments for a designated time period. We will determine each payment by
dividing the Accumulation Value by the number of payments remaining in the elected period.

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Systematic withdrawal payments can only be made on either a monthly, quarterly, semi-annual or annual basis.

**4.04** **No Charge Minimum Distributions –** We will waive applicable surrender charges on No Charge
Minimum Distributions (NCMD). A NCMD is a withdrawal which meets the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) You are at least age 70

<sup>1</sup>⁄<sub>2</sub> or such later age as applicable under the Code, and the NCMD is payable to You.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The amount withdrawn does not exceed the amount required to be distributed under the Code and regulations
issued by the Secretary of the U.S. Department of the Treasury for this Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The NCMD is not available in any Contract Year that You have withdrawn any amount under a No Charge Systematic
Withdrawal (NCSW).

No charge minimum distribution payments can only be made on either a monthly, quarterly, semi- annual or annual basis.

**4.05** **Conditions Under Which No Surrender or Withdrawal Charges are deducted.** We will not deduct charges from
a Participant Account under any of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Participant elects an Annuity Income Option; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) After the death of the Participant; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Participant has become totally and permanently disabled. This means that the Participant is unable, because
of physical or mental impairment, to perform the material and substantial duties of any occupation for which the Participant is suited by means of education, training or experience. The impairment must have been in existence for more than 180 days
to qualify for this benefit.

Such impairment must be expected to result in death or be long-standing and indefinite.

We require proof of disability. We will accept a certified Social Security finding of disability or a doctor's verification; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The withdrawal and any earlier withdrawals from the Participant Account during the same Certificate Year do not
exceed 10% of the Accumulation Value (see Section 4.02(b)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Participant is at least 55 years old, the Participant Account was established at least five years before
the date of the surrender or withdrawal, and the Participant is separated from service with the employer that maintains the Plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) No Purchase Payments were made to the Participant Account in the five years preceding the date of the surrender
or withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Participant is at least 59

<sup>1</sup>⁄<sub>2</sub> years old and the Participant Account was established at least five years before the date of the surrender or withdrawal (i.e., sixth Certificate Year or
later); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Participant Account was established at least fifteen years before the date of the surrender or withdrawal
(i.e., sixteenth Certificate Year or later); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) On any amount the Participant withdraws with respect to the NCSW described in Section 4.03, or the NCMD
described in Section 4.04.

We may waive any withdrawal or surrender charge attributable to Purchase Payments received during specific periods of time, and under conditions and limitations set by Us. Any such waiver will be made by USL. Notice of the rights to surrender without charge will be mailed to the Contract Owner when such waiver is declared by USL.

**4.06 Annuity Period** – The Annuity Period begins at the Annuity Date, when Your Accumulation Value is applied under an Annuity Income Option. You may change the Annuity Date shown on the first page of Your Certificate by giving Us at least 30 days' notice. The selected Annuity Date may be the first day of any

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calendar month, but if You choose a life income option, the Annuity Date may not precede Your [50<sup>th</sup>] birthday without Our permission unless otherwise required under the Plan, if any.

**4.07 Starting Annuity Income Benefits** – At least 30 days in advance of the Annuity Date, the Participant must choose one of the Annuity Income Options in Section 4.11 and provide reasonable proof of age for any person whose age is taken into account under a life income option. If You fail to select another Annuity Income Option, annuity payments will be made on the basis of the Second Option with payments guaranteed for a ten-year period, commencing on the Annuity Date.

**4.08 Partial Annuitization / No Commutation** – You may choose to apply less than the full Accumulation Value under an Annuity Income Option and may choose different Annuity Dates and different Annuity Income Options for different portions of the Accumulation Value. Therefore, the Contract may, at times, be in both an Accumulation Period and an Annuity Period. If You choose to do this, the provisions of the Contract relating to the Accumulation Period and the Annuity Period will be applied as though there were separate Contracts. Full or partial commutations by You are not permitted.

**4.09 Minimum Annuity Payments** – You may not choose any Annuity Income Option if the resulting initial payment would be less than $20 ("Minimum Annuity Payment") or the Accumulation Value is less than $5,000 ("Minimum Accumulation Value"), in each case under either a Fixed Annuity, Variable Annuity or a combination Fixed and Variable Annuity. We reserve the right to convert monthly payments to quarterly, semi-annual, or annual payments so the initial payment will be at least the Minimum Annuity Payment. If an Annuity Income Option is not available due to a Minimum Annuity Payment not being achievable or failure to meet the Minimum Accumulation Value, then USL may cancel the annuity and pay the Accumulation Value of the Certificate to You with no withdrawal charge.

**4.10 Misstatement of Age** – If the annuity payments depend upon an individual's survival and the date of birth of any individual was misstated, We will adjust the remaining payments. The amount remaining to be paid will be the amount that should have been paid with the correct information. We will credit or charge the amount of any underpayment or overpayment against the next succeeding payment or payments, if any remain. We reserve the right to collect any overpayment directly from the payee. Once annuity payments have begun, any underpayments will be made up in one sum including interest at the annual rate of [3]% with the next annuity payment. Overpayments including interest at the annual rate of [3]% will be deducted from the future annuity payments until the total is repaid.

**4.11 Annuity Income (Payment) Options** – You may choose to receive payments under any of the Annuity Income Options below or any other option agreed to by USL. Annuity payments will be made periodically. Any option chosen must comply with applicable state and federal laws and regulations. Available Annuity Income Options may be limited by the Plan, if any.

**FIRST OPTION** – <u>Life Annuity With No Guarantee Period</u> – An income payable during Your life. All payments cease at Your death with no further amounts payable.

**SECOND OPTION** – <u>Life Annuity With Guarantee Period of 5, 10, 15, or 20 years</u> – An income payable during Your life. If, at Your death, We have made payments for fewer than the number of years selected, We will continue payments to the Beneficiary for the remainder of the guarantee period.

**THIRD OPTION** – <u>Life Annuity With Cash or Unit Refund Option</u> – An income Payable during Your life. Payments cease at Your death. However, the Beneficiary may receive an additional payment. For payments on a Fixed Annuity basis, the additional payment, if any, will be the Accumulation Value applied to this option less the total of all prior payments. For payments on a Variable Annuity basis, the additional payment, if any, will be the current value of the number of Annuity Units credited at the Annuity Date less the number of Annuity Units that have been paid. For this purpose, the number of Annuity Units credited equals the Accumulation Value applied to this option divided by the Annuity Unit Value at the date used to calculate the first annuity payment.

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**FOURTH OPTION** – <u>Joint and Survivor Life Annuity</u> – An income payable during the joint lives of You and a second person and thereafter during the life of the survivor.

**FIFTH OPTION** – <u>Payments for a Designated Period</u> – An income payable for a selected number of years between five and thirty. This option is available for Fixed Annuities only.

For an Annuity Income Option quote, please call Us at the telephone number under Customer Service Information on the last page of this Certificate. If any annuity income payment option with a guarantee period provides for installment payments of the same amount at some ages for different guarantee periods, We will deem an election to have been made for the longest guarantee period, which could have been elected for such age and amount.

**4.12 Fixed or Variable Annuity Basis** – A Fixed Annuity provides benefit payments of a fixed dollar amount. A Variable Annuity provides benefit payments which vary with the investment return of the chosen Variable Investment Options.

You may elect to receive payments under any annuity option as a Fixed Annuity, a Variable Annuity, or a combination Fixed and Variable Annuity. If You make no election, amounts in Fixed Account Options will provide a Fixed Annuity and amounts in Variable Investment Options will provide a Variable Annuity.

**4.13 Variable Annuity Payments** – We will determine the amount of each Variable Annuity payment by multiplying the number of Annuity Units payable by the Annuity Unit Value on the [tenth] day (or the preceding business day if the [tenth day] is not a business day) prior to the payment due date.

We will determine the number of Annuity Units payable at the beginning of the Annuity Period. We will divide the dollar amount of the first payment by the Annuity Unit Value for that Variable Investment Option on the tenth day before the Annuity Date. The number of Annuity Units payable from each Variable Investment Option remains constant unless You transfer a portion of the annuity benefit between the Variable Investment Options or from a Variable Annuity to a Fixed Annuity. However, the dollar amount payable is not fixed and may change from month to month. Neither expenses actually incurred, other than taxes on the investment return, nor mortality actually experienced, shall adversely affect the dollar amount of variable annuity payments after such payments have commenced. The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of the variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and AIR You selected. The Contract's assumed rate of return is based on compounded interest.

**4.14 Assumed Investment Rate (AIR)** – Since the future rate of return on Variable Options is unknown, You must choose an Assumed Investment Rate (AIR). The AIR is the assumed rate of return used to determine the first annuity payment for a Variable Annuity Option, and once the AIR is established, it cannot be changed. Rates of 3%, 3 1/2%, 4 1/2%, 5% or a higher rate may be chosen if permitted by state law and regulations. If no AIR is chosen, the AIR will be 3 <sup>1</sup>⁄<sub>2</sub>%. A higher AIR will result in a higher initial payment. Choice of a lower AIR will result in a lower initial payment. Payments will increase whenever the Investment Rate exceeds the chosen AIR. Payments will decrease whenever the Investment Rate is less than the chosen AIR.

**4.15 Annuity Units and Annuity Unit Value** – An Annuity Unit is a measuring unit We use to determine the amount of the annuity payments to be made. All or a portion of the Accumulation Value is used to purchase a stream of annuity payments represented by a number of Annuity Units payable each period. The value of these Annuity Units represents the benefit amount paid each period.

For Fixed Annuity options, the number of Annuity Units equals the dollar amount of each payment since the Annuity Unit Value is fixed at $1.00.

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For Variable Annuity options, the Annuity Unit Value varies with the investment rate each period. The Annuity Unit Value is the value of one Annuity Unit of an Investment Option.

The value of a Variable Annuity Unit is A multiplied by B multiplied by C (AxBxC).

A = the Annuity Unit Value for the Variable Investment Option at the immediately preceding computation date

B = 1 + the investment rate for the variable fund for the period

C = the applicable AIR Factor from the following table raised to the power of the number of days in the period

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| | |
|:---|:---|
| AIR | AIR Factor |
| 3% | 0.999919 |
| 3<sup>1</sup>⁄<sub>2</sub>% | 0.999906 |
| 4<sup>1</sup>⁄<sub>2</sub>% | 0.999879 |
| 5% | 0.999866 |

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**4.16 Betterment of Rates** – Fixed and Variable Annuity – We will use the applicable current settlement option rates if these will provide higher fixed annuity payments to You, less any applicable premium taxes.

**4.17 Actuarial Basis of Computation –** For all Annuity Income Options, the value We use to determine annuity payments will be the applied portion of the Accumulation Value on the tenth day (or the preceding business day if the tenth day is not a business day) preceding the date of the first annuity payment, less any applicable premium taxes. The actuarial basis for the life Annuity Income Options is the 2012 Individual Annuity Reserving (IAR) Table using the age nearest Your birthday at the time of the first payment is due and if applicable, a designated second person if permitted under the Annuity Income Options in Section 4.11 and the Fixed Account Option minimum guaranteed interest rate in Section 3.01(b). The annuity rates pertaining to the Actuarial Basis of Computation for Annuity Income Options that are payable for Your lifetime will be furnished upon Your request.

For the Fifth Option, the following table demonstrates payments as described with an example of a 1% interest rate.

**DOLLAR AMOUNT REQUIRED TO PURCHASE AN ANNUITY** 

**WITH A FIRST MONTHLY PAYMENT OF $1.00** 

Option 5 – Payment for a Designated Period

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| | | | |
|:---|:---|:---|:---|
|  Years of Payment | Years of Payment | Years of Payment | Years of Payment |
| 5 | $58.51 | 18 | $197.68 |
| 6 | $69.86 | 19 | $207.66 |
| 7 | $81.11 | 20 | $217.54 |
| 8 | $92.24 | 21 | $227.32 |
| 9 | $103.26 | 22 | $237.00 |
| 10 | $114.18 | 23 | $246.59 |
| 11 | $124.98 | 24 | $256.09 |
| 12 | $135.68 | 25 | $265.49 |
| 13 | $146.27 | 26 | $274.79 |
| 14 | $156.76 | 27 | $284.01 |
| 15 | $167.14 | 28 | $293.13 |

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| | | | |
|:---|:---|:---|:---|
| 16 | $177.42 | 29 | $302.17 |
| 17 | $187.60 | 30 | $311.11 |

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**4.18 Beneficiaries –** This Section provides for terms relating to a Beneficiary in the event a death occurs during the Accumulation Period or during the Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Definition of a Beneficiary</u>. A Beneficiary is the person or entity You designate to receive any benefits
payable upon Your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Designation of a Beneficiary</u>. During Your lifetime, he or she has the right to designate a Beneficiary
and to change the designation. The change may be made by sending a written request to Our Administrative Service Office. A change in Beneficiary will take effect on the date the request is signed; subject to any actions taken by Us prior to the date
We receive the written change of Beneficiary notice. Your most recent Beneficiary change notice in writing received by Us will replace any prior Beneficiary designations. We are not liable for any payment(s) made by Us before the receipt of such
written change of Beneficiary notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Payments to Beneficiary</u>. Unless otherwise provided in the Beneficiary designation or in 4.18(a) or (b):

1) If any Beneficiary dies prior to You, that Beneficiary's interest will be divided pro rata among the remaining named Beneficiaries.

2) If no Beneficiary survives You, death benefits will be paid to Your estate.

3) If any Beneficiary dies after You, that Beneficiary's interest will pass to his or her Beneficiary or, if none, to his or her estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Simultaneous Death Provision</u>. If We cannot determine whether You or a Beneficiary died first in a common
disaster, We will assume that the Beneficiary died first and make payments on that basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(e)</u> <u>Multiple Beneficiaries</u>. You may designate two or more Beneficiaries to receive separate percentage
interests in the death benefits payable under this Certificate. Each such Beneficiary may separately exercise the rights that a Beneficiary has under the Certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(f)</u> <u>Contingent Beneficiaries</u>. You may designate one or more Contingent Beneficiaries. A Contingent
Beneficiary will receive benefits payable upon Your death if all of the primary Beneficiaries have died prior to You. A Contingent Beneficiary will have all of the same rights as a Beneficiary during the Accumulation Period or an Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(g)</u> <u>Trust or Estate as Beneficiary</u>. Payments to a Beneficiary that is a trust or estate will be made only in
a lump sum or in installments over a period not to exceed five years, to the extent required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(h)</u> <u>Unlocatable Beneficiaries</u>. If after exercise of reasonable diligence We are unable to obtain a mailing
address or other suitable contact information for a designated Beneficiary using methods allowed by and within the period required by applicable state or federal regulations, then, except as otherwise directed by the Contract Owner and in accordance
with the terms of the Plan, if any, or as otherwise required under applicable law, We will deem You to have no designated Beneficiary, and We will pay the proceeds to the Participant's Estate.

**4.19** **Death Payment Provisions -** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Death During Accumulation Period</u>. If You die during the Accumulation Period, a death benefit is payable. The death benefit is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Accumulation Value of Your Account on the date We receive proof of death in good order, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. 100% of Adjusted Purchase Payment Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Adjusted Purchase Payment Amount means:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. On the issue date of Your Certificate, the Adjusted Purchase Payment Amount shall be the sum of all Purchase
Payments under the certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On any date after the issue date of Your Certificate, the Adjusted Purchase Payment Amount shall be increased
by additional Purchase Payments made to the certificate, and reduced proportionately by all prior Gross Withdrawals as provided in 4.19(a)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Each Gross Withdrawal (meaning, all withdrawals of any kind and associated fees and charges and any portion of
the Accumulation Value that has been applied to an Annuity Income Option) shall result in a proportionate reduction in the Adjusted Purchase Payment Amount, determined by multiplying the Adjusted Purchase Payment Amount, measured immediately prior
to the Gross Withdrawal, by a fraction. Such fraction shall be equal to the Gross Withdrawal divided by the Accumulation Value immediately prior to the Gross Withdrawal.

In the event no Beneficiary or Contingent Beneficiary has been named, or if none of the Beneficiaries survive the Participant, then benefits will be paid as set forth in this Section 4.19(a) consistent with applicable contract or law including the Code and ERISA, and if no such requirements dictate who benefits will be paid to, then to the Participant's estate. The death benefit is payable at any time Your Beneficiary selects and in any form You could have selected under the Contract. If any Beneficiary or Contingent Beneficiary does not select a form of payment of the death benefit, then the death benefit will be paid as set forth in this Section 4.19(a) consistent with applicable law including the Code and ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Death During Annuity Period</u>. If You die during the Annuity Period, the amount of the death benefit, if any, will be based on the terms of the Annuity Income Option. Unless You elected the Fourth Option, the Beneficiary may elect to receive the death benefit in one of the following forms:

1) Continuing annuity payments under the terms of Your Annuity Income Option with the right, for Variable Annuities only, to receive the remaining payments in a lump sum at any time thereafter;

2) A lump sum; or

3) Annuity payments under another Annuity Income Option, based on the available lump sum.

The lump sum available under these alternatives is the present value of remaining payments, discounted at the Assumed Investment Rate, and based on the current Annuity Unit Value for 2) and 3), or the value next determined after receipt of the request at USL's Administrative Service Office for 1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Investment Options and Other Rights</u>. Until the death benefits have been fully paid, Your Beneficiary will be entitled to exercise all the Investment Options and other rights You can exercise under the Contract. Unpaid death benefits that have not been applied under an Annuity Income Option will have an Accumulation Value determined in the same manner as Your Accumulation Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d) Proof of Death</u>. Proof of death may be made by sending USL a certified copy of the death certificate, a certified copy of a decree of a court of competent jurisdiction as to death, a written statement by an attending physician, or any other proof satisfactory to USL.

**Section 5 – CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** 

**5.01** **General -** 

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Contract Owner may impose limits and/or requirements on the Participant consistent with the terms of the
Plan; however, such Plan provisions do not become part of the Contract. No such Plan provision shall limit a Participant's rights under this Contract, unless the Contract Owner has provided USL with written notification of such provision. In no
event shall any such Plan provision enlarge USL's obligations under the Contract and this Certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Additional Plan-related provisions may be added to Your Certificate by endorsement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If Your Purchase Payments are made under a voluntary salary reduction agreement as part of a tax- deferred annuity arrangement under Section 403(b) of the Code, there may not be a separate Plan document, in which case the Contract is the Plan.

**5.02 Direct Rollovers** – If any benefit payable under this Certificate constitutes an "eligible rollover distribution" within the meaning of Section 402 of the Code, You have the right to elect to have such distribution paid directly to an "eligible retirement plan" in a transaction designated under the Code as a "direct rollover." Before any eligible rollover distribution is made to You, we will provide You with a written explanation of Your right to make a direct rollover and the tax consequences of making or not making a direct rollover. No surrender, withdrawal, or other benefit distribution that constitutes an eligible rollover distribution will be made to You under this Certificate, unless the Code's requirements applicable to eligible rollover distributions have been satisfied. Except for eligible rollover distributions, We reserve the right to make payments only to You or Your Beneficiary.

**Section 6 – GENERAL PROVISIONS** 

**6.01 Vesting** – Except as may be provided in the Plan, the Code, and ERISA, Your rights under the Contract are fully vested and nonforfeitable. USL Separate Account RS holds all assets for Variable Investment Options for the exclusive benefit of Participants, Beneficiaries, and other holders of annuity contracts.

**6.02 Written Notices to Us** – Except as specifically provided otherwise, any notice of change, election, choice, option or other exercise of right given under the Contract must be in a written request or notice in acceptable form to Us, which is signed and dated by You. Such notice will be deemed effective as of the date of the written request for the change and must be received at Our Administrative Service Center. The change will be subject to action taken by Us before the request is received.

**6.03 Reports** – We will send You a Separate Account financial report twice each year if You have value in any Variable Investment Option. We will send to You, at least annually, a statement showing the dollar value of all investment options, investment performance since the prior statement, and as applicable, the number and value of any Variable Accumulation Units credited to Your account. All statements will be mailed within two months of the date of the information.

**6.04 Voting Rights** – We will hold the voting rights on all shares held in the Separate Account. To the extent of this Contract's participation in the Separate Account through one or more Variable Investment Options, We will vote those shares as instructed. Except as otherwise directed by the Contract Owner and pursuant to the Plan, You, or the Beneficiary, if You have died, will have the voting instruction rights prior to the Annuity Date. The annuity payee will have the voting instruction rights on and after the Annuity Date.

**6.05 Suspension of Payments** – USL reserves the right to suspend or postpone payments or withdrawals under the Separate Account for any period when: (a) the New York Stock Exchange is closed (other than customary weekend and holiday closings); (b) when trading on the New York Stock Exchange is restricted; (c) when an emergency prevents disposal of or determination of the value of shares of the Variable Account Options is not reasonably practicable; or (d) during any other period when the SEC, by order, so permits for

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the protection of security holders. The Company will notify the New York State Department of Financial services of this under this Section 6.05.

**6.06 Deferral of Cash Surrender or Withdrawal** – USL may defer payment of any surrender of amounts accumulated in Fixed Account Options if permitted by applicable law. Deferral shall not exceed six months from the receipt of written notice at the Administrative Service Office in good order. Interest shall be paid if payment is deferred for ten days or more after the date on which the surrender notice was received by USL on fully and accurately completed forms and/or instructions, including any necessary documentation We may require, applicable to any given request from You received at Our Administrative Service Center. Interest will be credited at the rate then currently being credited in the applicable Fixed Account Options.

**6.07 Proof of Survival** – We reserve the right to require reasonable proof that You and any payee is alive on the date any benefit payment is due. If this proof is not received after requested in writing, We will have the right to make reduced payments or to withhold payments entirely until such reasonable proof is received. Such proof will only be required no more frequently than annually or if We have reasonable suspicion You or a payee is deceased.

**6.08 Substitution of Investment Fund Shares** – If shares of a particular Investment Fund are not available or if, in the judgment of USL, such shares are no longer appropriate for a Variable Investment Option, shares of another Investment Fund may be substituted for the Investment Fund shares already held under the Variable Investment Options and for those to be purchased by future Purchase Payments or transfers under this Contract. In the event any substitution occurs, USL will notify the Contract Owner in advance of the substitution.

**6.09 Minimum Benefit** – The paid up annuity, cash surrender or death payment available under this Contract will not be less than the minimum benefits required by any statute of the state in which the Contract is delivered.

**6.10 Separate Account** – Amounts allocated by Us to a Separate Account shall be owned by Us. The Separate Account assets shall be Our property. All of the assets of the Separate Account are not chargeable with liabilities arising out of any other business of USL, provided that the portion of assets of the Separate Account not chargeable with liabilities arising out of any other business of USL shall not exceed the following: (a) the assets purchased with considerations allocated to the Separate Account by the Contract Owner or Participant certificate holder; minus (b) any benefits paid from such assets; minus (c) any charges taken from such assets under the terms of the Contract or a Participant certificate; minus (d) any Contract Owner or Participant certificate holder initiated transfers of such assets out of the Separate Account; plus (e) the net investment returns earned on the net amount of such assets.

**6.11 Merger or Closure of One or More Investment Funds** – The following provisions will apply in the event of closure of or changes to the Short Term Fixed Account and the Fixed Account Plus or to one or more of the Investment Funds underlying the Variable Investment Options in the Separate Account described in Section 3.02:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Short Term Fixed Account and/or the Fixed Account Plus, or an Investment Fund, is closed to new Purchase
Payments and/or new transfers, and absent alternate directions from You, amounts that otherwise would have been deposited into the closed Fixed Account Option(s) will be invested in a money market fund Variable Investment Option, if available, or
otherwise, in the Short Term Fixed Account, and with respect to a closed Variable Investment Option(s), amounts that otherwise would have been deposited into the closed Variable Investment Option will be invested in such other Investment Option(s),
as consistent with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a change is made to one or more of the underlying Investment Funds, through a merger or other fund action,
upon official notification of such fund action(s) the Company will make reasonable efforts to provide advance notice to the Plan of any relevant changes.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If an Investment Fund then available in the Plan ("Merged Fund") is to be merged with and into an
Investment Fund that is not available in the Plan ("Surviving Fund"): (i) the Plan may direct assets in the Investment Option invested in the Merged Fund, and any future contributions that would be allocated to such Variable Investment
Option, to another Variable Investment Option available in the Contract; or (ii) if prior to the effective date of a fund merger, a Plan has not provided to the Company any directions under Section 6.11(b) or Section 6.11(c)(i), then:
(x), the Contract shall default to inclusion of the Variable Investment Option invested in the Surviving Fund, (y) Plan assets in the Variable Investment Option invested in the Merged Fund shall be allocated to the Variable Investment Option
invested in the Surviving Fund upon the effective date(s) of the fund merger, and (z) contribution instructions directing allocations to the Variable Investment Option invested in the Merged Fund at the effective date of the merger shall be
redirected to the Variable Investment Option invested in the Surviving Fund following the effective date(s) of the fund merger, until or unless alternate direction is provided by or on behalf of the Plan.

**6.12 Termination of the Contract by USL** – USL may suspend the Contract by giving written notice as otherwise provided in the Contract or if it is determined that Purchase Payments do not comply with the requirements of the Code or ERISA. Upon depletion of all the assets under the Contract, the Contract will terminate, and USL will be relieved of all further liability, except with respect to any Annuities purchased on behalf of Participants.

**6.13 Forfeiture** – If contributions under the Plan under which the Contract is held are subject to a vesting schedule, the Participant's Account Value may be reduced by such non-vested amounts upon termination of employment as specified by the Plan.

**6.14 Distributed Contract** – The Contract Owner may direct the distribution of a fully paid-up Certificate from the Contract Owner's Plan, in which case all rights otherwise reserved in the Certificate to the Contract Owner, the Plan, or an agent of either the Contract Owner or the Plan (other than the limited authority to hold a group annuity contract, if applicable, without exercising rights thereunder) are hereby terminated, and such rights are reserved solely to You.

**6.15 Applicable Law** – This Certificate has been delivered to You or a designated representative in the State of New York. This Certificate will be construed in accordance with and governed by applicable law of the State of New York.

**6.16 Non-Participating Contract** – The Contract is non-participating and does not share in the profits or surplus of USL.

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**CUSTOMER SERVICE INFORMATION** 

If you have any questions regarding this Certificate, please call us at

[1-800-448-2542] or write:

The United States Life Insurance Company in the City of New York

[Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

<sup>©</sup> The United States Life Insurance Company in the City of New York. All rights reserved.

## Ex-99.(D)(4)

**The United States Life Insurance Company in the City of New York (USL)** 

Home Office

[28 Liberty Street, 47<sup>th</sup> floor

New York, New York 10005]

Administrative Service Office:

**[**Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

**CONTRACT OWNER:** [XYZ Company]

**CONTRACT NUMBER:** [123ABC] **DATE OF ISSUE**: [01/01/2025]

In return for Purchase Payment(s), USL will pay annuity and other benefits as provided in this Contract.

**PLEASE READ YOUR CONTRACT CAREFULLY** 

**See Index on the following pages** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Maintenance Charge –** There may be an account maintenance charge during the accumulation period. The
charge is $3.75 for each quarter and is assessed only if any portion of the Accumulation Value was applied to one or more Variable Investment Options during that quarter. See Section 2.05 for a complete description.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Separate Account Charge –** There is a daily charge against the Separate Account at an annual rate of
up to 1.25% of the assets of the Variable Investment Options to which assets are allocated. This charge only applies to assets of the Variable Investment Options. See Section 2.06.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Cash Surrender or Withdrawal Charge –** There is a charge at the time of surrender or withdrawal. See
Section 4.02.

The conditions and provisions on this and the following pages, including any attached Endorsement(s) and/or Rider(s), are the entire legal Contract between USL and the Contract Owner. No agent has the authority to change this Contract or waive any of its provisions. Only the President or a Vice President of USL may change this Contract. Any such changes must be in writing. All conditions and provisions are subject to applicable state and federal laws.

**RIGHT TO EXAMINE – If, within 20 days of receipt of this Contract or a certificate under this Contract (60 days if the Contract or a certificate under this Contract replaced any other life insurance or annuity contract(s) or certificate(s)) You are not satisfied with it, You may return this Contract to Our Administrative Service Office or to an authorized representative of the Company. The Company will refund the Purchase Payment, including any fees or other charges, or the Accumulation Value, whichever is greater, as of the business day during which We or an authorized representative receives the Contract or a certificate under this Contract as of the date the Contract or a certificate under this Contract is mailed (post-marked date) to Us. Upon such refund, the Contract or a certificate under this Contract shall be void.** 

EXECUTED AT USL'S HOME OFFICE ON THE DATE OF ISSUE

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![LOGO](g934124dsp349.jpg)

ANNUITY PAYMENTS AND SURRENDER VALUES PROVIDED BY THIS CONTRACT WHEN BASED ON INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT AND WILL INCREASE OR DECREASE IN VALUE BASED ON INVESTMENT RESULTS.

The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and Assumed Investment Return elected.

**[USL may close the fixed account options provided for in this Contract to new deposits or transfers at any time after the Date of Issue with [ 30 ] days advance written notice (see section 3.01).]** 

**GROUP VARIABLE DEFERRED ANNUITY CONTRACT** 

**WITH FIXED FUNDING** 

**NON-PARTICIPATING** 

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---

| | | |
|:---|:---|:---|
|  | **INDEX** |  |
|  **Section 1** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **DEFINITIONS** | **[5-6]** |
|  **Section 2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **CONTRACT AND PURCHASE PAYMENTS** | **[6]** |
| 2.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incontestability | [6] |
| 2.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Contract Value | [6] |
| 2.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan Provisions | [6] |
| 2.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase Payments | [6] |
| 2.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance Charge | [6] |
| 2.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate Account Charge | [6] |
|  **Section 3** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **INVESTMENT OPTIONS** | **[6-7]** |
| 3.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Account Options | [7] |
| 3.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Investment Options | [7] |
| 3.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation Unit | [7-8] |
| 3.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation Unit Value | [8] |
| 3.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers During the Accumulation Period | [8] |
| 3.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers During the Annuity Period | [8] |
|  **Section 4** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **BENEFITS** | **[8]** |
| 4.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Surrender or Withdrawal | [8-9] |
| 4.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charges for Cash Surrender or Withdrawal | [9] |
| 4.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No Charge Systematic Withdrawals | [9-10] |
| 4.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No Charge Minimum Distribution | [10] |
| 4.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Conditions Under Which No Surrender or Withdrawal Charges are deducted | [10-11] |
| 4.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Period | [11] |
| 4.07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starting Annuity Income Benefits | [11] |
| 4.08 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Partial Annuitization / No Commutation | [11] |
| 4.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Annuity Payments | [11] |
| 4.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Misstatement of Age | [11-12] |
| 4.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Income (Payment) Options | [12] |
| 4.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed or Variable Annuity Basis | [12] |
| 4.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Annuity Payments | [12-13] |
| 4.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assumed Investment Rate (AIR) | [13] |
| 4.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Units and Annuity Unit Value | [13] |
| 4.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Betterment of Rates | [13] |
| 4.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Actuarial Basis of Computation | [13-14] |
| 4.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiaries | [14-15] |
| 4.19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death Payment Provisions | [15-16] |
|  **Section 5** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** | **[16]** |
| 5.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General | [16] |
| 5.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Direct Rollovers | [16] |
| 5.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan Provisions | [16] |
|  **Section 6** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GENERAL PROVISIONS** | **[16]** |
| 6.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Participant Certificates | [16] |

---

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6.02 Vesting [17]

6.03 Written Notices to Us [17]

6.04 Change of Contract [17]

6.05 Future Participants [17]

6.06 Reports [17]

6.07 Voting Rights [17]

6.08 Suspension of Payments [17]

6.09 Deferral of Cash Surrender or Withdrawal [17]

6.10 Proof of Survival [17-18]

6.11 Substitution of Investment Fund Shares [18]

6.12 Minimum Benefit [18]

6.13 Separate Account [18]

6.14 Merger or Closure of One or More Investment Options [18]

6.15 Termination of the Contract by USL [19]

6.16 Forfeiture [19]

6.17 Distributed Contract [19]

6.18 Applicable Law [19]

6.19 Non-Participating Contract [19]

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**Section 1 – DEFINITIONS** 

**Accumulation Period –** the time between the date of the first Purchase Payment and the Annuity Date, as defined in Section 4.06, for a Participant.

**Accumulation Value –** equals the sum of the values of the Fixed Account Options (including interest) and Variable Investment Options allocated to a Participant Account that have not been applied to provide annuity payments.

**Administrative Service Office –** the address shown on Page 1 of this Contract or a certificate where all Written Notices to Us regarding this Contract or a certificate are to be sent.

**Annuitant** – means the person on whose life USL will base payments during the Annuity Period.

**Annuity** – a periodic benefit purchased for a Participant under Section 4.

**Annuity Period** – the time during which USL makes annuity payments.

**Certificate Year** – the twelve month period starting with the issue date of a Participant's certificate and each anniversary of that date.

**Code** – the Internal Revenue Code of 1986, as amended.

**Company** – "We," "Our," "Us," "Company," or "USL," means The United States Life Insurance Company in the City of New York.

**Contract Owner** – the entity that makes application for the Contract. A reference to "You" or "Your" means the Contract Owner or designated administrator.

**ERISA** – the Employment Retirement Income Security Act of 1974, as amended.

**General Account** – assets of USL other than those in the Separate Account or any other segregated asset account.

**Investment Fund** – an investment portfolio or fund which is the underlying investment medium for a Variable Investment Option.

**Participant** – a person for whom or with respect to whom Purchase Payments are made under the Contract.

**Participant Account** – an individual account which is established for a Participant to record the Accumulation Value for the Participant.

**Plan** – the employer-sponsored retirement plan, annuity purchase arrangement, or deferred compensation program for which this Contract is issued.

**Purchase Payment** – an amount paid to USL for allocation to a Participant Account.

**SEC** – The U. S. Securities and Exchange Commission.

**Separate Account** – a segregated asset account established under the New York Insurance Law (known as USL Separate Account RS).

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**Surrender Value** – the Accumulation Value of a Participant Account less any applicable surrender charge and excluding any full or partial annuitization.

**Section 2 – CONTRACT AND PURCHASE PAYMENTS** 

**2.01** **Incontestability** – This Contract is incontestable.

**2.02 Minimum Contract Value** – We can distribute the Surrender Value if the Accumulation Value for the Participant Account falls below [$300] and there are no Purchase Payments for [two Certificate Years].

**2.03 Plan Provisions** – As further explained in Section 5, this Contract is subject to the provisions of the Plan. To the extent provided by the Plan, any rights that may be exercised by a Participant under this Contract may instead be exercised by the Contract Owner or a Plan representative.

**2.04 Purchase Payments** – Purchase Payments may be made at any time during the Accumulation Period and may include amounts that are rolled over or directly transferred from another plan; however, We reserve the right to limit, refuse or cease accepting Purchase Payments into the Contract, or specific categories of Purchase Payments (e.g., transfers from other plans or from other accounts or investments under the Plan, or transfers or Purchase Payments that are not periodic or that are limited in dollar amount) at any time, with not less than [180] days advance notice of such limitation or cessation. We require no payment beyond the first. There is no penalty if any scheduled payments are omitted or stopped.

If only one Purchase Payment is to be allocated to a Participant's Account, it must be at least [$1,000]. Periodic payments must be at least [$30] each. USL may waive this minimum.

We may deduct amounts from Purchase Payments or from the Accumulation Value for applicable premium taxes, if any. We will allocate the net Purchase Payment to one or more Investment Options according to the Participant's directions unless the Contract Owner has retained that right under the Plan.

**2.05 Maintenance Charge** – During the Accumulation Period, We will deduct a charge from the Accumulation Value for certain account maintenance expenses. The charge is due each calendar quarter during which the Accumulation Value includes any Variable Investment Option. We will not deduct the charge for any calendar quarter if the Accumulation Value is credited only to the Fixed Account Options throughout the calendar quarter.

We will deduct the charge at the end of the calendar quarter in which it is due, allocated proportionally among the Variable Investment Options of Your Account. However, if all Variable Investment Option Accumulation Values are withdrawn or transferred entirely to one or more Fixed Account Option(s), the full quarterly charge will be deducted at the time of surrender or transfer.

The charge is $3.75 for each Account for each quarter. The maintenance charge may be waived or reduced uniformly on all Participant Accounts for contracts issued under certain plans or arrangements which are expected to result in administrative cost savings. No reduction or waiver will be made that is unfairly discriminatory to any person.

**2.06 Separate Account Charge** – We deduct a daily charge from the Separate Account. The amount of the charge depends on the Variable Investment Options from which it is deducted and is imposed at an annual rate of up to 1.25% of the assets of the Variable Investment Options.

**Section 3 – INVESTMENT OPTIONS** 

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We will allocate Purchase Payments to one or more Variable Investment Options and Fixed Account Options ("Investment Options") selected by the Participant. Each selection must be a whole percentage of Purchase Payments. We reserve the right to limit the number of Investment Options available under the Contract as set forth in Section 3.05(a). The Investment Options available under the Contract will be those selected by the Contract Owner on the application. The Contract Owner may request, from time to time, that We add or substitute Investment Options available from the Separate Account. Any such request will be subject to Our approval and to any other applicable limitations in the Contract.

**3.01 Fixed Account Options** – Fixed Account Options are based on the General Account. Allocations to the Fixed Account Options earn interest as credited daily by USL during the Accumulation Period. The interest credited will be at least the guaranteed minimum interest rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The guaranteed minimum interest rate that will be credited to amounts in the Fixed Account Options for a
Participant Account during the Accumulation Period will be shown on the Investment Information Page or an applicable endorsement, if needed, for that Participant Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding subparagraph (a) above, a separate guaranteed minimum interest rate will be used to
determine minimum fixed annuity payments during the Annuity Period. The guaranteed minimum interest rate for fixed annuity payments will be 2% or the Guaranteed Minimum Interest Rate shown on the Investment Information Page, if less.

There are two Fixed Account Options: Short Term Fixed Account and Fixed Account Plus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u> <u>Short Term Fixed Account</u>. We will credit interest to the Short Term Fixed Account on a portfolio basis.
On the portfolio basis, all amounts accumulated will be credited with the same rate of interest for not less than a calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u> <u>Fixed Account Plus.</u> We will credit interest to the Fixed Account Plus on the following basis:
Periodically, but not less frequently than annually based on a calendar year, We will declare interest rates that apply separately to amounts accumulated in separate time periods. Each such declared interest rate will be the same rate of interest
for not less than a calendar year.

[Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the Investment Options, at any time after the Date of Issue with [30] days advance written notice. USL may make the Fixed Account Options available or close the Fixed Account Options as frequently as it determines at any point in time while the Contract is in force, provided USL gives [30] days advance written notice in each case. This right may be exercised where the yield on investments would not support the guaranteed minimum interest rate or where new Purchase Payments or transfers in or among Investment Options do not comply with requirements regarding transfers provided for in this Contract.]

**3.02 Variable Investment Options** – Variable Investment Options are based upon Investment Funds available within the Separate Account. The Separate Account invests in a number of Investment Funds. Each Investment Fund underlying a Variable Investment Option has a different investment objective. Investment returns on Variable Investment Options may be positive or negative and are not guaranteed.

**3.03 Accumulation Unit** – An Accumulation Unit is a measuring unit for amounts allocated to a Variable Investment Option before annuity payments begin. The value of an Accumulation Unit will vary with the net investment return of the respective underlying Investment Fund. Accumulation Units may be credited to the Participant's Account due to a Purchase Payment or a transfer from another Investment Option. The number of Accumulation Units credited to the Participant's Account is determined by dividing the dollar amount of

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the transaction by the Accumulation Unit Value for that Variable Investment Option at the next time it is computed.

**3.04 Accumulation Unit Value** – The Accumulation Unit Value is the value of one Accumulation Unit of a Variable Investment Option. We will calculate it at the end of trading each day the New York Stock Exchange is open, except as described in Section 6.08. The value of an Accumulation Unit of a Variable Investment Option is the Accumulation Unit Value last computed, multiplied by one plus the Investment Rate for the period. The Investment Rate may be positive or negative. The Investment Rate is the change in the value of the Investment Fund's portfolio (capital gains and losses whether or not realized and investment income) since the last computation, divided by the amount of assets at the beginning of the period, less a factor for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Separate Account Charge for the period at the applicable annualized rate up to 1.25%, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any taxes attributed to the Separate Account or reserve held for such taxes.

**3.05 Transfers During the Accumulation Period** – During the Accumulation Period, the Participant may request transfers by telephone, through the Company's website, or in writing by mail. The Participant may transfer amounts among Investment Options, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) We reserve the right to limit allocations among Investment Options to [twenty] at any one time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) We reserve the right to require transfers to be at least [30] days apart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Transfers from the Short Term Fixed Account</u>. After a transfer to the Short Term Fixed Account, the
Participant may not make any transfer from the Short Term Fixed Account for [90] days. We may change this transfer restriction at any time. However, the transfer restriction period may not exceed [180] days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Transfers from Fixed Account Plus</u>. The Participant may transfer to other Investment Options up to [20%]
of the Accumulation Value allocated to Fixed Account Plus during each Certificate Year without charge. If multiple transfers are made in a Certificate Year, the percentages of the Accumulation Value transferred each time will be added together to
determine the [20%] transfer limit for that Certificate Year. For each transfer, the percentage transferred is the ratio of the amount transferred to the portion of the Accumulation Value allocated to Fixed Account Plus immediately prior to the
transfer. However, if following a [20%] transfer, the remaining amount allocated to Fixed Account Plus would be less than [$500], the Participant may transfer the remaining amount, without charge.

**3.06 Transfers During the Annuity Period** – During the Annuity Period, the Participant may transfer Annuity Unit values among the Variable Investment Options. The Participant may also transfer Annuity Unit values from the Variable Investment Options underlying a Variable Annuity to provide a Fixed Annuity. Transfers must be at least 365 days apart. We will not permit any transfer from a Fixed Annuity during the Annuity Period. Refer to section 4.15 for the definition of an Annuity Unit.

**Section 4 – BENEFITS** 

**4.01** **Cash Surrender or Withdrawal** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>a)</u> <u>Cash Surrender</u>. Subject to the restrictions in Sections 5.01 and 5.03, the Participant may surrender the
Participant Account before the Annuity Date for a cash payment equal to the Surrender Value as of the date We receive the request at the Administrative Service Office. The Surrender Value is the Accumulation Value less any charges described below,
if applicable.

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The Surrender Value of the Fixed Account Options will never be less than the amount of all Purchase Payments allocated to the Fixed Account Options, less any amounts transferred to Variable Investment Options or withdrawn.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>b)</u> <u>Withdrawal</u>. Subject to the restrictions in Sections 5.01 and 5.03, the Participant may withdraw a
portion of the Accumulation Value in cash at any time before the Annuity Date. We may deduct a charge as described below in Section 4.02.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>c)</u> <u>Contract Owner Withdrawal or Surrender.</u> Subject to the restrictions in Section 5.03 and in
accordance with applicable law, the Code and/or ERISA:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Except as otherwise expressly authorized by a Plan under which this Contract is held, rights to surrender or
withdraw under Section 4.01, apply to the Participant. Plan authority conferred on the Contract Owner, if applicable, which may include authority to surrender the Contract, would be applied as an aggregation of individual Participant rights
under their respective Certificates; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In the event the Contract Owner withdraws or surrenders pursuant to this Section 4.01(c),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) The Contract Owner and the Company will mutually agree to a date on which Purchase Payments will no longer be
accepted by the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) On behalf of the Participants, the Contract Owner will be permitted to surrender the Contract in accordance
with Section 4.02 with respect to the Variable Investment Options and the Fixed Account Options, as determined in each case by mutual agreement with the Company.

**4.02** **Charges for Cash Surrender or Withdrawal** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>a)</u> <u>General.</u> Cash surrender or withdrawal charges under the Contract or certificate will not apply unless
the Participant makes a surrender or withdrawal. The charge is 5% of (1) the amount withdrawn, or (2) the amount of any Purchase Payments received during the most recent 60 months prior to the surrender or withdrawal, whichever is less.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>b)</u> <u>10% withdrawal in Certificate Year</u>. Subject to the provisions of Sections 4.03 and 4.04, in any
Certificate Year, the Participant may withdraw up to 10% of the Accumulation Value without charge. The surrender charge will be applicable only to the amount withdrawn that exceeds 10%. The percentage withdrawn will be calculated as the ratio of the
amount withdrawn to the Accumulation Value immediately prior to the withdrawal. If multiple withdrawals are made in a Certificate Year, the percentages withdrawn for each withdrawal will be added together to determine whether the 10% limit has been
exceeded.

Except as otherwise expressly authorized by a Plan under which this Contract is held, rights to surrender or withdraw under Section 4.01 apply to the Participant. If a Plan is authorized to direct such a surrender, withdrawal or transfer, such rights are cumulative of the individual Participant rights under this Section 4.

**4.03 No Charge Systematic Withdrawals** - We will waive applicable surrender charges under a No Charge Systematic Withdrawal (NCSW). We reserve the right to limit the terms and conditions under which systematic withdrawals (including NCSWs) can be elected and to discontinue the availability of any or all systematic withdrawals at any time. However, no change in availability will result in any charge against amounts withdrawn under a previously elected NCSW. A NCSW must meet all the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>a)</u> The elected stream of payments must be expected to last for at least five years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>b)</u> The NCSW must be payable to You.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>c)</u> The NCSW is not available in any Contract Year that You have in effect any other systematic withdrawal
(with or without charge) or a No Charge Minimum Distribution as described in Section 4.04 (NCMD).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>d)</u> Once You begin a NCSW, the terms of the election may not be changed. However, You may revoke the
election at any time. Once the election is revoked, You may not elect a NCSW again.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>e)</u> Withdrawals without charge as provided in Section 4.02(b), are not available in any Contract Year
the NCSW has been or is in effect. Distributions under the NCSW may not begin in a Contract Year in which You have taken one or more Section 4.02(b) withdrawals without charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>f)</u> Any of the following distribution methods may be elected.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Specified Payment</u> – payments of a designated amount. The annual dollar amount chosen must be the
same for each year the NCSW is in effect and cannot be greater than 20% of the Accumulation Value at the time of the NCSW election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Specified Percentage</u> – an annual specified percentage. The annual specified percentage chosen
cannot be greater than 20% of the Accumulation Value at the time of the NCSW election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Specified Period</u> – payments for a designated time period. We will determine each payment by
dividing the Accumulation Value by the number of payments remaining in the elected period.

Systematic withdrawal payments can only be made on either a monthly, quarterly, semi-annual or annual basis.

**4.04** **No Charge Minimum Distributions** – We will waive applicable surrender charges on No Charge Minimum
Distributions (NCMD). A NCMD is a withdrawal which meets the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) You are at least age 70

<sup>1</sup>⁄<sub>2</sub> or such later age as applicable under the Code, and the NCMD is payable to You.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The amount withdrawn does not exceed the amount required to be distributed under the Code and regulations
issued by the Secretary of the U.S. Department of the Treasury for this Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The NCMD is not available in any Contract Year that You have withdrawn any amount under a No Charge Systematic
Withdrawal (NCSW).

No charge minimum distribution payments can only be made on either a monthly, quarterly, semi- annual or annual basis.

**4.05 Conditions Under Which No Surrender or Withdrawal Charges are deducted.** We will not deduct charges from a Participant Account under any of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>a)</u> The Participant elects an Annuity Income Option; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>b)</u> After the death of the Participant; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>c)</u> The Participant has become totally and permanently disabled. This means that the Participant is unable,
because of physical or mental impairment, to perform the material and substantial duties of any occupation for which the Participant is suited by means of education, training or experience. The impairment must have been in existence for more than
180 days to qualify for this benefit.

Such impairment must be expected to result in death or be long-standing and indefinite. We require proof of disability. We will accept a certified Social Security finding of disability or a doctor's verification; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>d)</u> The withdrawal and any earlier withdrawals from the Participant Account during the same Certificate Year
do not exceed 10% of the Accumulation Value (see Section 4.02(b)); or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>e)</u> The Participant is at least 55 years old, the Participant account was established at least five years
before the date of the surrender or withdrawal, and the Participant is separated from service with the employer that maintains the Plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>f)</u> No Purchase Payments were made to the Participant Account in the five years preceding the date of the
surrender or withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>g)</u> The Participant is at least 59 <sup>1</sup>⁄<sub>2</sub> years old and the Participant Account was established at least five years before the date of the surrender or withdrawal (i.e., sixth Certificate Year or later); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>h)</u> The Participant Account was established at least fifteen years before the date of the surrender or
withdrawal (i.e., sixteenth Certificate Year or later); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>i)</u> On any amount the Participant withdraws with respect to the NCSW described in Section 4.03, or the
NCMD described in Section 4.04.

We may waive any withdrawal or surrender charge attributable to Purchase Payments received during specific periods of time, under conditions and limitations set by Us. Any such waiver will be made by USL. Notice of the right to surrender without charge will be mailed to the Contract Owner when such waiver is declined by USL.

**4.06 Annuity Period** – The Annuity Period begins at the Annuity Date, when the Participant's Accumulation Value is applied under an Annuity Income Option. The Participant may change the Annuity Date shown on the first page of the Participant Certificate by giving Us at least 30 days' notice. The selected Annuity Date may be the first day of any calendar month, but if the Participant chooses a life income option, the Annuity Date may not precede the Participant's [50<sup>th</sup> ] birthday without Our permission unless otherwise required under the Plan, if any.

**4.07 Starting Annuity Income Benefits** – At least 30 days in advance of the Annuity Date, the Participant must choose one of the Annuity Income Options in Section 4.11 and provide reasonable proof of age for any person whose age is taken into account under a life income option. If the Participant fails to select another Annuity Income Option, annuity payments will be made on the basis of the Second Option with payments guaranteed for a ten-year period, commencing on the Annuity Date.

**4.08 Partial Annuitization / No Commutation** – The Participant may choose to apply less than the full Accumulation Value under an Annuity Income Option and may choose different Annuity Dates and different Annuity Income Options for different portions of the Accumulation Value. Therefore, the Contract may, at times, be in both an Accumulation Period and an Annuity Period. If the Participant chooses to do this, the provisions of the Contract relating to the Accumulation Period and the Annuity Period will be applied as though there were separate Contracts. Full or partial commutations by the Participant are not permitted.

**4.09 Minimum Annuity Payments** – The Participant may not choose any Annuity Income Option if the resulting initial payment would be less than $20 ("Minimum Annuity Payment") or the Accumulation Value is less than $5,000 ("Minimum Accumulation Value"), in each case under either a Fixed Annuity, Variable Annuity or a combination Fixed and Variable Annuity. We reserve the right to convert monthly payments to quarterly, semi-annual, or annual payments so the initial payment will be at least the Minimum Annuity Payment. If an Annuity Income Option is not available due to a Minimum Annuity Payment not being achievable or failure to meet the Minimum Accumulation Value, then USL may cancel the annuity and pay the Accumulation Value of the Certificate to the Participant with no withdrawal charge.

**4.10 Misstatement of Age** – If the annuity payments depend upon an individual's survival and the date of birth of any individual was misstated, We will adjust the remaining payments. The amount remaining to be paid will be the amount that should have been paid with the correct information. We will credit or charge the amount of any underpayment or overpayment against the next succeeding payment or payments, if any remain. We reserve the right to collect any overpayment directly from the payee. Once annuity payments have begun, any underpayments will be made up in one sum including interest at the annual rate of [3]%

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with the next annuity payment. Overpayments including interest at the annual rate of [3]% will be deducted from the future annuity payments until the total is repaid.

**4.11 Annuity Income (Payment) Options** – The Participant may choose to receive payments under any of the Annuity Income Options below or any other option agreed to by USL. Annuity payments will be made periodically. Any option chosen must comply with applicable state and federal laws and regulations. Available Annuity Income Options may be limited by the Plan, if any.

**FIRST OPTION** – <u>Life Annuity With No Guarantee Period</u> – An income payable during the Participant's life. All payments cease at the Participant's death with no further amounts payable.

**SECOND OPTION** – <u>Life Annuity With Guarantee Period of 5, 10, 15, or 20 years</u> – An income payable during the Participant's life. If, at the Participant's death, We have made payments for fewer than the number of years selected, We will continue payments to the Beneficiary for the remainder of the guarantee period.

**THIRD OPTION** – <u>Life Annuity With Cash or Unit Refund Option</u> – An income Payable during the Participant's life. Payments cease at the Participant's death. However, the Beneficiary may receive an additional payment. For payments on a Fixed Annuity basis, the additional payment, if any, will be the Accumulation Value applied to this option less the total of all prior payments. For payments on a Variable Annuity basis, the additional payment, if any, will be the current value of the number of Annuity Units credited at the Annuity Date less the number of Annuity Units that have been paid. For this purpose, the number of Annuity Units credited equals the Accumulation Value applied to this option divided by the Annuity Unit Value at the date used to calculate the first annuity payment.

**FOURTH OPTION** – <u>Joint and Survivor Life Annuity</u> – An income payable during the joint lives of the Participant and a second person and thereafter during the life of the survivor.

**FIFTH OPTION** – <u>Payments for a Designated Period</u> – An income payable for a selected number of years between five and thirty. This option is available for Fixed Annuities only.

For an Annuity Income Option quote, please call Us at the telephone number under Customer Service Information on the last page of this Contract or a certificate.

**4.12 Fixed or Variable Annuity Basis** – A Fixed Annuity provides benefit payments of a fixed dollar amount. A Variable Annuity provides benefit payments which vary with the investment return of the chosen Variable Investment Options.

The Participant may elect to receive payments under any annuity option as a Fixed Annuity, a Variable Annuity, or a combination Fixed and Variable Annuity. If the Participant makes no election, amounts in Fixed Account Options will provide a Fixed Annuity and amounts in Variable Investment Options will provide a Variable Annuity.

**4.13 Variable Annuity Payments** – We will determine the amount of each Variable Annuity payment by multiplying the number of Annuity Units payable by the Annuity Unit Value on the [tenth] day (or the preceding business day if the [tenth] day is not a business day) prior to the payment due date.

We will determine the number of Annuity Units payable at the beginning of the Annuity Period. We will divide the dollar amount of the first payment by the Annuity Unit Value for that Variable Investment Option on the tenth day before the Annuity Date. The number of Annuity Units payable from each Variable Investment Option remains constant unless the Participant transfers a portion of the annuity benefit between the Variable Investment Options or from a Variable Annuity to a Fixed Annuity. However, the dollar amount payable is not fixed and may change from month to month. Neither expenses actually incurred, other than taxes on the investment return, nor mortality actually experienced, shall adversely affect the dollar amount of variable annuity payments after such payments have commenced. The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of the variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of

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investment return may be lower depending on the Separate Account Charge and AIR You selected. The Contract's assumed rate of return is based on compounded interest.

**4.14 Assumed Investment Rate (AIR)** – Since the future rate of return on Variable Options is unknown, the Participant must choose an Assumed Investment Rate (AIR). The AIR is the assumed rate of return used to determine the first annuity payment for a Variable Annuity Option, and once the AIR is established, it cannot be changed. Rates of 3%, 3 1/2%, 4 1/2%, 5% or a higher rate may be chosen if permitted by state law and regulations. If no AIR is chosen, the AIR will be 3 <sup>1</sup>⁄<sub>2</sub>%. A higher AIR will result in a higher initial payment. Choice of a lower AIR will result in a lower initial payment. Payments will increase whenever the Investment Rate exceeds the chosen AIR. Payments will decrease whenever the Investment Rate is less than the chosen AIR.

**4.15 Annuity Units and Annuity Unit Value** – An Annuity Unit is a measuring unit We use to determine the amount of the annuity payments to be made. All or a portion of the Accumulation Value is used to purchase a stream of annuity payments represented by a number of Annuity Units payable each period. The value of these Annuity Units represents the benefit amount paid each period.

For Fixed Annuity options, the number of Annuity Units equals the dollar amount of each payment since the Annuity Unit Value is fixed at $1.00.

For Variable Annuity options, the Annuity Unit Value varies with the investment rate each period. The Annuity Unit Value is the value of one Annuity Unit of an Investment Option.

The value of a Variable Annuity Unit is A multiplied by B multiplied by C (AxBxC).

A = the Annuity Unit Value for the Variable Investment Option at the immediately preceding computation date

B = 1 + the for the variable fund for the period

C = the applicable AIR Factor from the following table raised to the power of the number of days in the period

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| | |
|:---|:---|
| AIR | AIR Factor |
| 3% | 0.999919 |
| 3<sup>1</sup>⁄<sub>2</sub>% | 0.999906 |
| 4<sup>1</sup>⁄<sub>2</sub>% | 0.999879 |
| 5% | 0.999866 |

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**4.16 Betterment of Rates** – Fixed and Variable Annuity – We will use the applicable current settlement option rates if these will provide higher fixed annuity payments to the Participant, less any applicable premium taxes.

**4.17 Actuarial Basis of Computation –** For all Annuity Income Options, the value We use to determine annuity payments will be the applied portion of the Accumulation Value on the tenth day (or the preceding business day if the tenth day is not a business day) preceding the date of the first annuity payment, less any applicable premium taxes. The actuarial basis for the life Annuity Income Options is the 2012 Individual Annuity Reserving (IAR) Table using the age nearest birthday of the Annuitant at the time of the first payment is due and if applicable, a designated second person if permitted under the Annuity Income Options in Section 4.11 and the Fixed Account Option minimum guaranteed interest rate in Section 3.01(b). The annuity rates pertaining to the Actuarial Basis of Computation for Annuity Income Options that are payable for the lifetime of the Annuitant will be furnished upon Your request.

For the Fifth Option, the following table demonstrates payments as described with an example of a 1% interest rate.

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**DOLLAR AMOUNT REQUIRED TO PURCHASE AN ANNUITY** 

**WITH A FIRST MONTHLY PAYMENT OF $1.00** 

Option 5 – Payment for a Designated Period

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| | | | |
|:---|:---|:---|:---|
|  Years of Payment | Years of Payment | Years of Payment | Years of Payment |
| 5 | $58.51 | 18 | $197.68 |
| 6 | $69.86 | 19 | $207.66 |
| 7 | $81.11 | 20 | $217.54 |
| 8 | $92.24 | 21 | $227.32 |
| 9 | $103.26 | 22 | $237.00 |
| 10 | $114.18 | 23 | $246.59 |
| 11 | $124.98 | 24 | $256.09 |
| 12 | $135.68 | 25 | $265.49 |
| 13 | $146.27 | 26 | $274.79 |
| 14 | $156.76 | 27 | $284.01 |
| 15 | $167.14 | 28 | $293.13 |
| 16 | $177.42 | 29 | $302.17 |
| 17 | $187.60 | 30 | $311.11 |

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**4.18 Beneficiaries –** This Section provides for terms relating to a Beneficiary in the event a death occurs during the Accumulation Period or during the Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Definition of a Beneficiary</u>. A Beneficiary is the person or entity the Participant designates to receive
any benefits payable upon the Participant's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Designation of a Beneficiary</u>. During the Participant's lifetime, he or she has the right to
designate a Beneficiary and to change the designation. The change may be made by sending a written request to Our Administrative Service Office. A change in Beneficiary will take effect on the date the request is signed; subject to any actions taken
by Us prior to the date We receive the written change of Beneficiary notice. The Owner's most recent Beneficiary change notice in writing received by Us will replace any prior Beneficiary designations. We are not liable for any payment(s) made
by Us before the receipt of such written change of Beneficiary notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Payments to Beneficiary</u>. Unless otherwise provided in the Beneficiary designation or in 4.18(a) or (b):

1) If any Beneficiary dies prior to the Participant, that Beneficiary's interest will be divided pro rata among the remaining named Beneficiaries.

2) If no Beneficiary survives the Participant, death benefits will be paid to the Participant's estate.

3) If any Beneficiary dies after the Participant, that Beneficiary's interest will pass to his or her Beneficiary or, if none, to his or her estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Simultaneous Death Provision</u>. If We cannot determine whether the Participant or a Beneficiary died first
in a common disaster, We will assume that the Beneficiary died first and make payments on that basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(e)</u> <u>Multiple Beneficiaries</u>. The Participant may designate two or more Beneficiaries to receive separate
percentage interests in the death benefits payable under this Contract. Each such Beneficiary may separately exercise the rights that a Beneficiary has under this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(f)</u> <u>Contingent Beneficiaries</u>. The Participant may designate one or more Contingent Beneficiaries. A
Contingent Beneficiary will receive benefits payable upon the Participant's

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death if all of the primary Beneficiaries have died prior to the Participant. A Contingent Beneficiary will have all of the same rights as a Beneficiary during the Accumulation Period or an Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(g)</u> <u>Trust or Estate as Beneficiary</u>. Payments to a Beneficiary that is a trust or estate will be made only in
a lump sum or in installments over a period not to exceed five years, to the extent required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(h)</u> <u>Unlocatable Beneficiaries.</u> If after exercise of reasonable diligence We are unable to obtain a mailing
address or other suitable contact information for a designated Beneficiary using methods allowed by and within the period required by applicable state or federal regulations, then, except as otherwise directed by the Contract Owner and in accordance
with the terms of the Plan, if any, or as otherwise required under applicable law, We will deem the Participant to have no designated Beneficiary, and We will pay the proceeds to the Participant's Estate.

**4.19** **Death Payment Provisions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Death During Accumulation Period</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If the Participant dies during the Accumulation Period, a death benefit is payable. The death benefit is the
greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Accumulation Value of the Participant's Account on the date We receive proof of death in good order,
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. 100% of Adjusted Purchase Payment Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Adjusted Purchase Payment Amount means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. On the issue date of a Participant's certificate, the Adjusted Purchase Payment Amount shall be the sum of
all Purchase Payments under the certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On any date after the issue date of a Participant's certificate, the Adjusted Purchase Payment Amount
shall be increased by additional Purchase Payments made to the certificate and reduced proportionately by all prior Gross Withdrawals as provided in 4.19(a)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Each Gross Withdrawal (meaning, all withdrawals of any kind and associated fees and charges and any portion of
the Accumulation Value that has been applied to an Annuity Income Option) shall result in a proportionate reduction in the Adjusted Purchase Payment Amount, determined by multiplying the Adjusted Purchase Payment Amount, measured immediately prior
to the Gross Withdrawal, by a fraction. Such fraction shall be equal to the Gross Withdrawal divided by the Accumulation Value immediately prior to the Gross Withdrawal.

In the event no Beneficiary or Contingent Beneficiary has been named, or if none of the Beneficiaries survive the Participant, then benefits will be paid as set forth in this section 4.19(a) consistent with applicable contract or law including the Code and ERISA, and if no such requirements dictate who benefits will be paid to, then to the Participant's estate. The death benefit is payable at any time the Participant's Beneficiary selects and in any form the Participant could have selected under the Contract. If any Beneficiary or Contingent Beneficiary does not select a form of payment of the death benefit, then the death benefit will be paid as set forth in this Section 4.19(a) consistent with applicable law including the Code and ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Death During Annuity Period</u>. If the Participant dies during the Annuity Period, the amount of the death benefit, if any, will be based on the terms of the Annuity Income Option. Unless the Participant elected the Fourth Option, the Beneficiary may elect to receive the death benefit in one of the following forms:

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1) Continuing annuity payments under the terms of the Participant's Annuity Income Option with the right, for Variable Annuities only, to receive the remaining payments in a lump sum at any time thereafter;

2) A lump sum; or

3) Annuity payments under another Annuity Income Option, based on the available lump sum and subject to the applicable limitations of the Code and ERISA.

The lump sum available under these alternatives is the present value of remaining payments, discounted at the Assumed Investment Rate, and based on the current Annuity Unit Value for 2) and 3), or the value next determined after receipt of the request at USL's Administrative Service Office for 1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Investment Options and Other Rights</u>. Until the death benefits have been fully paid, the Participant's Beneficiary will be entitled to exercise all the Investment Options and other rights the Participant can exercise under this Contract. Unpaid death benefits that have not been applied under an Annuity Income Option will have an Accumulation Value determined in the same manner as the Participant's Accumulation Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Proof of Death.</u> Proof of death may be made by sending USL a certified copy of the death certificate, a certified copy of a decree of a court of competent jurisdiction as to death, a written statement by an attending physician, or any other proof satisfactory to USL.

**Section 5 – CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** 

**5.01 General –** If the Participant's Purchase Payments are made under a voluntary salary reduction agreement as part of a tax-deferred annuity arrangement under Section 403(b) of the Code, there may not be a separate Plan document, in which case the Contract is the Plan.

**5.02 Direct Rollovers** – If any benefit payable under this Contract constitutes an "eligible rollover distribution" within the meaning of Section 402 of the Code, the Participant has the right to elect to have such distribution paid directly to an "eligible retirement plan" in a transaction designated under the Code as a "direct rollover." Before any eligible rollover distribution is made to the Participant, we will provide the Participant with a written explanation of the Participant's right to make a direct rollover and the tax consequences of making or not making a direct rollover. No surrender, withdrawal, or other benefit distribution that constitutes an eligible rollover distribution will be made to the Participant under this Contract, unless the Code's requirements applicable to eligible rollover distributions have been satisfied. Except for eligible rollover distributions, We reserve the right to make payments only to the Participant or the Participant's Beneficiary.

**5.03 Plan Provisions** –The Contract Owner may impose limits and/or requirements on the Participant consistent with the terms of the Plan, however such Plan provisions do not become part of this Contract. No such Plan provision shall limit a Participant's rights under this Contract, unless the Contract Owner has provided USL with written notification of such provision. In no event shall any such Plan provision enlarge USL's obligations under this Contract.

**Section 6 – GENERAL PROVISIONS** 

**6.01 Participant Certificates** – We will issue certificates to each Participant. Each certificate will set forth the benefits to which the Participant is entitled under the Contract.

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**6.02 Vesting** – Except as may be provided in the Plan, the Code and ERISA, the Participant's rights under this Contract are fully vested and nonforfeitable. USL Separate Account RS holds all assets for Variable Investment Options for the exclusive benefit of Participants, Beneficiaries, and other holders of annuity contracts.

**6.03 Written Notices to Us** – Except as specifically provided otherwise, any notice of change, election, choice, option or other exercise of right given under the Contract must be in a written request or notice in acceptable form and content to Us which is signed and dated by a Participant. Such notice will be deemed effective as of the date of the written request for the change and must be received at Our Administrative Service Center. The change will be subject to action taken by Us before the request is received.

**6.04 Change of Contract** – We may change this Contract to the extent it is required or deemed advisable to do so in order to conform the Contract to applicable law. In addition, upon at least 30 days' written notice from the Contract Owner, We may make other changes to this Contract which will apply only to individuals who become Participants after the effective date of such change. All changes We make will be subject to any applicable regulatory requirements.

**6.05 Future Participants** – We may at our discretion curtail or prohibit new Participants under this Contract upon written notice to the Contract Owner.

**6.06 Reports** – We will send the Participant a Separate Account financial report twice each year if the Participant has values in any Variable Investment Option. We will send to the Participant, at least annually, a statement showing the dollar value of all investment options, investment performance since the prior statement, and as applicable, the number and value of any Variable Accumulation Units credited to the Participant's Account. All statements will be mailed within two months of the date of the information.

**6.07 Voting Rights** – We will hold the voting rights on all shares held in the Separate Account. To the extent of this Contract's participation in the Separate Account through one or more Variable Investment Options, We will vote those shares as instructed. Except as otherwise directed by the Contract Owner and pursuant to the Plan, the Participant, or the Beneficiary, if the Participant has died, will have the voting instruction rights prior to the Annuity Date. The annuity payee will have the voting instruction rights on and after the Annuity Date.

**6.08 Suspension of Payments** – USL reserves the right to suspend or postpone payments or withdrawals under the Separate Account for any period when: (a) the New York Stock Exchange is closed (other than customary weekend and holiday closings); (b) when trading on the New York Stock Exchange is restricted; (c) when an emergency prevents disposal of or determination of the value of shares of the Variable Account Options is not reasonably practicable; or (d) during any other period when the SEC, by order, so permits for the protection of security holders. The Company will notify the New York State Department of Financial Services of any suspension under this section 6.08.

**6.09 Deferral of Cash Surrender or Withdrawal** – USL may defer payment of any surrender of amounts accumulated in Fixed Account Options if permitted by applicable law. Deferral shall not exceed six months from the receipt of written notice at the Administrative Service Office in good order. Interest shall be paid if payment is deferred for ten days or more after the date on which the surrender notice was received by USL on fully and accurately completed forms and/or instructions, including any necessary documentation We may require, applicable to any given request from a Participant received at Our Administrative Service Center. Interest will be credited at the rate then currently being credited in the applicable Fixed Account Options.

**6.10 Proof of Survival** – We reserve the right to require reasonable proof that the Participant and any payee is alive on the date any benefit payment is due. If this proof is not received after requested in writing, We will have the right to make reduced payments or to withhold payments entirely until such reasonable

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proof is received. Such proof will only be required no more frequently than annually or if We have reasonable suspicion a Participant or a payee is deceased.

**6.11 Substitution of Investment Fund Shares** – If shares of a particular Investment Fund are not available or if, in the judgment of USL, such shares are no longer appropriate for a Variable Investment Option, shares of another Investment Fund may be substituted for the Investment Fund shares already held under the Variable Investment Options and for those to be purchased by future Purchase Payments or transfers under this Contract. In the event any substitution occurs, USL will notify the Contract Owner in advance of the substitution.

**6.12 Minimum Benefit** – The paid up annuity, cash surrender or death payment available under this Contract will not be less than the minimum benefits required by any statute of the state in which the Contract is delivered.

**6.13 Separate Account** – Amounts allocated by Us to a Separate Account shall be owned by Us. The Separate Account assets shall be Our property. All of the assets of the Separate Account are not chargeable with liabilities arising out of any other business of USL, provided that the portion of assets of the Separate Account not chargeable with liabilities arising out of any other business of USL shall not exceed the following: (a) the assets purchased with considerations allocated to the Separate Account by the Contract Owner or Participant certificate holder; minus (b) any benefits paid from such assets; minus (c) any charges taken from such assets under the terms of the Contract or a Participant certificate; minus (d) any Contract Owner or Participant certificate holder initiated transfers of such assets out of the Separate Account; plus (e) the net investment returns earned on the net amount of such assets.

**6.14 Merger or Closure of One or More Investment Funds** – The following provisions will apply in the event of closure of or changes to the Short Term Fixed Account and the Fixed Account Plus or to one or more of the Investment Funds underlying the Variable Investment Options in the Separate Account described in Section 3.02:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Short Term Fixed Account and/or the Fixed Account Plus, or an Investment Fund, is closed to new Purchase
Payments and/or new transfers, and absent alternate directions from You, amounts that otherwise would have been deposited into the closed Fixed Account Option(s) will be invested in a money market fund Variable Investment Option, if available, or
otherwise, in the Short Term Fixed Account, and with respect to a closed Variable Investment Option(s), amounts that otherwise would have been deposited into the closed Variable Investment Option will be invested in such other Investment Option(s),
as consistent with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a change is made to one or more of the underlying Investment Funds, through a merger or other fund action,
upon official notification of such fund action(s) the Company will make reasonable efforts to provide advance notice to the Plan of any relevant changes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If an Investment Fund then available in the Plan ("Merged Fund") is to be merged with and into an
Investment Fund that is not available in the Plan ("Surviving Fund"): (i) the Plan may direct assets in the Investment Option invested in the Merged Fund, and any future contributions that would be allocated to such Variable Investment
Option, to another Variable Investment Option available in the Contract; or (ii) if prior to the effective date of a fund merger, a Plan has not provided to the Company any directions under section 6.14(b) or Section 6.14(c)(i), then: (x),
the Contract shall default to inclusion of the Variable Investment Option invested in the Surviving Fund, (y) Plan assets in the Variable Investment Option invested in the Merged Fund shall be allocated to the Variable Investment Option
invested in the Surviving Fund upon the effective date(s) of the fund merger, and (z) contribution instructions directing allocations to the Variable Investment Option invested in the Merged Fund at the effective date of the merger shall be
redirected to the Variable Investment Option invested in the Surviving Fund following the effective date(s) of the fund merger, until or unless alternate direction is provided by or on behalf of the Plan.

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**6.15 Termination of the Contract by USL** – USL may suspend this Contract by giving written notice as otherwise provided in this Contract or if it is determined that Purchase Payments do not comply with the requirements of the Code or ERISA. Upon depletion of all the assets under the Contract, the Contract will terminate, and USL will be relieved of all further liability, except with respect to any Annuities purchased on behalf of Participants.

**6.16 Forfeiture** – If the Plan under which this Contract is held includes an account reflecting amounts previously forfeited by Participants pursuant to the Plan's vesting schedule, or other amounts which, consistent with the terms of the Plan, will not be allocated to Participant Accounts (including amounts which may be allocated to such Participant Accounts at a later date), then except as otherwise directed by the Employer or other authorized Plan representative and agreed by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Such amounts shall be maintained in a separate unallocated fixed investment option under the Contract's
fixed investment option with the shortest holding period requirement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Interest or crediting rates determined with respect to such separate option shall be guaranteed for not less
than one calendar year at a rate that is not less than the minimum rate otherwise guaranteed for the life of the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding any provision of the Contract to the contrary, no restrictions, limitations or charges shall
apply to the allocation of such amounts to Participant Accounts.

**6.17 Distributed Contract** – The Contract Owner may direct the distribution of a fully paid-up Certificate from the Contract Owner's Plan, in which case all rights otherwise reserved in the Certificate to the Contract Owner, the Plan, or an agent of either the Contract Owner or the Plan (other than the limited authority to hold a group annuity contract, if applicable, without exercising rights thereunder) are hereby terminated, and such rights are reserved solely to the Participant.

**6.18 Applicable Law** - This Contract has been delivered to You or a designated representative in the State of New York. This Contract will be construed in accordance with and governed by applicable law of the State of New York.

**6.19 Non-Participating Contract** – This Contract is non-participating and does not share in the profits or surplus of USL.

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**CUSTOMER SERVICE INFORMATION** 

If you have any questions regarding this Contract, please call us at

[1-800-448-2542] or write:

The United States Life Insurance Company in the City of New York

[Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

<sup>©</sup> The United States Life Insurance Company in the City of New York. All rights reserved.

## Ex-99.(D)(5)

**The United States Life Insurance Company in the City of New York (USL)** 

Home Office

[28 Liberty Street, 47<sup>th</sup> floor

New York, New York 10005]

Administrative Service Office

**[**Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

**PARTICIPANT:** [John Doe]

**GROUP NUMBER:** [12345] **DATE OF ISSUE**: [01/01/2025]

**PARTICIPANT ACCOUNT NUMBER:** [123A456] **ANNUITY DATE:** [01/01/2045]

This Certificate is issued to the named Participant under the Group Annuity Contract ("Contract"). It contains a summary of Your rights and benefits under the Contract, but it is not a part of the Contract and does not change any of the terms or provisions of the Contract. USL will pay annuity and other benefits as provided in the Contract.

**PLEASE READ YOUR CERTIFICATE CAREFULLY** 

**See Index on Page 2** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Maintenance Charge –** There is no account maintenance charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Separate Account Charge –** There is a daily charge against the Separate Account at an annual rate of
up to 1.25% of the assets of the Variable Investment Options to which assets are allocated. This charge only applies to assets of the Variable Investment Options. See Section 2.06.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Cash Surrender or Withdrawal Charge –** There is a charge at the time of surrender or withdrawal for
certain transfers equal to 5% of the amount withdrawn. See Sections 3.05, 4.02 and 4.06 for a complete description and conditions under which there is no charge.

The conditions and provisions on the following pages, including any attached Endorsement(s) and/or Rider(s) to the Certificate, are the entire legal contract between USL and the Participant. No agent has the authority to change this Certificate or waive any of its provisions. Only the President or a Vice President of USL may change this Certificate. Any such changes must be in writing. All conditions and provisions are subject to applicable state and federal laws. In the instances of a conflict between the terms of the Contract and the terms of the Certificate, the terms of the Certificate will govern.

**RIGHT TO EXAMINE – If, within 20 days of receipt of this Certificate under the Contract (60 days if the Certificate under this Contract replaced any other life insurance or annuity contract(s) or certificate(s)) You are not satisfied with it, You may return this Certificate to Our Administrative Service Office or to an authorized representative of the Company. The Company will refund the Purchase Payment, including any fees or other charges, or the Accumulation Value, whichever is greater, as of the business day during which We or an authorized representative receives the Certificate under the Contract as of the date the Certificate under the Contract is mailed (post-marked date) to Us. Upon such refund, the Certificate under the Contract shall be void.** 

EXECUTED AT USL'S HOME OFFICE ON THE DATE OF ISSUE

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![LOGO](g934124dsp312.jpg)

ANNUITY PAYMENTS AND SURRENDER VALUES PROVIDED BY THIS CERTIFICATE WHEN BASED ON INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT AND WILL INCREASE OR DECREASE IN VALUE BASED ON INVESTMENT RESULTS.

The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and Assumed Investment Return elected.

**[USL may close the fixed account options provided for in the Contract and this Certificate to new deposits or transfers at any time after the Date of Issue with [ 30 ] days advance written notice (see section 3.01). ]** 

**PARTICIPANT CERTIFICATE** 

**GROUP VARIABLE DEFERRED ANNUITY CONTRACT WITH FIXED FUNDING** 

**NON-PARTICIPATING** 

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| | | |
|:---|:---|:---|
|  | **INDEX** |  |
| **Section 1** | **DEFINITIONS** | **[5-6]** |
| **Section 2** | **CONTRACT AND PURCHASE PAYMENTS** | **[6]** |
| 2.01 | Incontestability | [6] |
| 2.02 | Minimum Contract Value | [6] |
| 2.03 | Plan Provisions | [6] |
| 2.04 | Purchase Payments | [6] |
| 2.05 | Maintenance Charge | [6] |
| 2.06 | Separate Account Charge | [6] |
| **Section 3** | **INVESTMENT OPTIONS** | **[6]** |
| 3.01 | Fixed Account Options | [6-7] |
| 3.02 | Variable Investment Options | [7] |
| 3.03 | Accumulation Unit | [7] |
| 3.04 | Accumulation Unit Value | [7] |
| 3.05 | Transfers During the Accumulation Period | [8] |
| 3.06 | Transfers During the Annuity Period | [8] |
| **Section 4** | **BENEFITS** | **[8]** |
| 4.01 | Cash Surrender or Withdrawal | [8-9] |
| 4.02 | Transfers to Other Funding Entities | [9] |
| 4.03 | Annuity Period | [9] |
| 4.04 | Starting Annuity Income Benefits | [9-10] |
| 4.05 | Partial Annuitization/No Commutation | [10] |
| 4.06 | Minimum Annuity Payments | [10] |
| 4.07 | Misstatement of Age | [10] |
| 4.08 | Annuity Income (Payment) Options | [10-11] |
| 4.09 | Fixed or Variable Annuity Basis | [11] |
| 4.10 | Variable Annuity Payments | [11] |
| 4.11 | Assumed Investment Rate (AIR) | [11] |
| 4.12 | Annuity Units and Annuity Unit Value | [11-12] |
| 4.13 | Betterment of Rates | [12] |
| 4.14 | Actuarial Basis of Computation | [12] |
| 4.15 | Beneficiaries | [12-13] |
| 4.16 | Death Payment Provisions | [13-14] |
| **Section 5** | **CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** | **[14]** |
| 5.01 | General | [14-15] |
| 5.02 | Direct Rollovers | [15] |
| **Section 6** | **GENERAL PROVISIONS** | **[15]** |
| 6.01 | Vesting | [15] |
| 6.02 | Written Notices to Us | [15] |
| 6.03 | Reports | [15] |
| 6.04 | Voting Rights | [15] |
| 6.05 | Suspension of Payments | [15] |
| 6.06 | Deferral of Cash Surrender or Withdrawal | [15-16] |
| 6.07 | Proof of Survival | [16] |
| 6.08 | Substitution of Investment Fund Shares | [16] |
| 6.09 | Minimum Benefit | [16] |

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6.10 Separate Account [16]

6.11 Merger or Closure of One or More Investment Options [16-17]

6.12 Termination of the Contract by USL [17]

6.13 Forfeiture [17]

6.14 Distributed Contract [17]

6.15 Applicable Law [17]

6.16 Non-Participating Contract [17]

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**Section 1 – DEFINITIONS** 

**Accumulation Period –** the time between the date of the first Purchase Payment and the Annuity Date, as defined in Section 4.03, for a Participant.

**Accumulation Value –** equals the sum of the values of the Fixed Account Options and Variable Investment Options allocated to a Participant Account that have not been applied to provide annuity payments.

**Administrative Service Office –** the address shown on Page 1 of the Contract or this Certificate where all Written Notices to Us regarding the Contract or this Certificate are to be sent.

**Annuitant** – means the person on whose life USL will base payments during the Annuity Period.

**Annuity** – a periodic benefit purchased for a Participant under Section 4.

**Annuity Period** – the time during which USL makes annuity payments.

**Certificate Year** – the twelve month period starting with the issue date of a Participant's Certificate and each anniversary of that date.

**Code** – the Internal Revenue Code of 1986, as amended.

**Company** – "We," "Our," "Us," "Company," or "USL," means The United States Life Insurance Company in the City of New York.

**Contract –** the legal agreement between USL and the Contract Owner, under which this Certificate is issued.

**Contract Owner** – the entity that makes application for the Contract. A reference to "You" or "Your" means the Contract Owner or designated administrator.

**ERISA** - the Employment Retirement Income Security Act of 1974, as amended.

**General Account** – assets of The United States Life Insurance Company in the City of New York other than those in the Separate Account or any other segregated asset account.

**Investment Fund** – an investment portfolio or fund which is the underlying investment medium for a Variable Investment Option.

**Participant** – a person for whom or with respect to whom Purchase Payments are made under the Certificate. Any reference to "You" or "Your" means Participant.

**Participant Account** – an individual account which is established for a Participant to record the Accumulation Value for the Participant.

**Plan** – the employer-sponsored retirement plan, annuity purchase arrangement, or deferred compensation program for which the Contract is issued.

**Purchase Payment** – an amount paid to USL for allocation to a Participant Account.

**SEC** – The U. S. Securities and Exchange Commission.

**Separate Account** – a segregated asset account established under the New York Insurance Law (known as USL Separate Account RS).

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**Surrender Value** – the Accumulation Value of a Participant Account less any applicable surrender charge and excluding any full or partial annuitization.

**Section 2 – CONTRACT AND PURCHASE PAYMENTS** 

**2.01** **Incontestability** – This Contract is incontestable.

**2.02 Minimum Contract Value** – We can distribute the Surrender Value if the Accumulation Value for Your account falls below [$300] and there are no Purchase Payments for [two Certificate Years].

**2.03 Plan Provisions** – As further explained in Section 5, the Contract is subject to the provisions of the Plan. To the extent provided by the Plan, any rights that may be exercised by You under the Contract may instead be exercised by the Contract Owner or a Plan representative.

**2.04 Purchase Payments** – Purchase Payments may be made at any time during the Accumulation Period and may include amounts that are rolled over or directly transferred from another plan; however, We reserve the right to limit, refuse or cease accepting Purchase Payments into the Contract or this Certificate, or specific categories of Purchase Payments (e.g., transfers from other plans or from other accounts or investments under the Plan, or transfers or Purchase Payments that are not periodic or that are limited in dollar amount) at any time, with not less than [180] days advance notice of such limitation or cessation. We require no payment beyond the first. There is no penalty if any scheduled payments are omitted or stopped.

If only one Purchase Payment is to be allocated to Your account, it must be at least [$1,000]. Periodic payments must be at least [$30] each. USL may waive this minimum.

We may deduct amounts from Purchase Payments or from the Accumulation Value for applicable premium taxes, if any. We will allocate the net Purchase Payment to one or more Investment Options according to Your directions.

**2.05** **Maintenance Charge** – There is no account maintenance charge.

**2.06 Separate Account Charge** – We deduct a daily charge from the Separate Account. The amount of the charge depends on the Variable Investment Options from which it is deducted and is imposed at an annual rate of up to 1.25% of the assets of the Variable Investment Options.

**Section 3 – INVESTMENT OPTIONS** 

We will allocate Purchase Payments to one or more Variable Investment Options and Fixed Account Options ("Investment Options") selected by You on the enrollment form. Each selection must be a whole percentage of Purchase Payments. We reserve the right to limit the number of Investment Options available under the Contract and this Certificate as set forth in Section 3.05(a). The Investment Options available under the Contract and this Certificate will be those selected by the Contract Owner on the application. The Contract Owner may request, from time to time, that We add or substitute Investment Options available from the Separate Account. Any such request will be subject to Our approval and to any other applicable limitations in the Contract.

**3.01 Fixed Account Options** – Fixed Account Options are based on the General Account. Allocations to the Fixed Account Options earn interest as credited daily by USL during the Accumulation Period. The interest credited will be at least the guaranteed minimum interest rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The guaranteed minimum interest rate that will be credited to amounts in the Fixed Account Options for a
Participant Account during the Accumulation Period will be shown

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on the Investment Information Page or an applicable endorsement, if needed, for that Participant Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding subparagraph (a) above, a separate guaranteed minimum interest rate will be used to
determine minimum fixed annuity payments during the Annuity Period. The guaranteed minimum interest rate for fixed annuity payments will be 2% or the Guaranteed Minimum Interest Rate shown on the Investment Information Page for that Participant
Account, if less.

There are two Fixed Account Options: Short Term Fixed Account and Fixed Account Plus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u> <u>Short Term Fixed Account</u>. We will credit interest to the Short Term Fixed Account on a portfolio basis.
On the portfolio basis, all amounts accumulated will be credited with the same rate of interest for not less than a calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u> <u>Fixed Account Plus.</u> We will credit interest to the Fixed Account Plus on the following basis:
Periodically, but not less frequently than annually based on a calendar year, We will declare interest rates that apply separately to amounts accumulated in separate time periods. Each such declared interest rate will be the same rate of interest
for not less than a calendar year.

[Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the Investment Options, at any time after the Date of Issue with [30] days advance written notice. USL may make the Fixed Account Options available or close the Fixed Account Options as frequently as it determines at any point in time while the Contract is in force, provided USL gives [30] advance written notice in each case. This right may be exercised where the yield on investments would not support the guaranteed minimum interest rate or where new Purchase Payments or transfers in or among Investment Options do not comply with requirements regarding transfers provided for in this Certificate.]

**3.02 Variable Investment Options** – Variable Investment Options are based upon Investment Funds available within the Separate Account. The Separate Account invests in a number of Investment Funds. Each Investment Fund underlying a Variable Investment Option has a different investment objective. Investment returns on Variable Investment Options may be positive or negative and are not guaranteed.

**3.03 Accumulation Unit** – An Accumulation Unit is a measuring unit for amounts allocated to a Variable Investment Option before annuity payments begin. The value of an Accumulation Unit will vary with the net investment return of the respective underlying Investment Fund. Accumulation Units may be credited to Your account due to a Purchase Payment or a transfer from another Investment Option. The number of Accumulation Units credited to Your account is determined by dividing the dollar amount of the transaction by the Accumulation Unit Value for that Variable Investment Option at the next time it is computed.

**3.04 Accumulation Unit Value** – The Accumulation Unit Value is the value of one Accumulation Unit of a Variable Investment Option. We will calculate it at the end of trading each day the New York Stock Exchange is open, except as described in Section 6.05. The value of an Accumulation Unit of a Variable Investment Option is the Accumulation Unit Value last computed, multiplied by one plus the Investment Rate for the period. The Investment Rate may be positive or negative. The Investment Rate is the change in the value of the Investment Fund's portfolio (capital gains and losses whether or not realized and investment income) since the last computation, divided by the amount of assets at the beginning of the period, less a factor for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Separate Account Charge for the period at the applicable annualized rate up to 1.25%, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any taxes attributed to the Separate Account or reserve held for such taxes.

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**3.05 Transfers During the Accumulation Period** – During the Accumulation Period, You may request transfers by telephone, through the Company's website, or in writing by mail. You may transfer amounts among Investment Options, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) We reserve the right to limit allocations among Investment Options to [twenty] at any one time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) We reserve the right to require transfers to be at least [30] days apart

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Transfers from the Short Term Fixed Account</u>. After a transfer to the Short Term Fixed Account, You may
not make any transfer from the Short Term Fixed Account for [90] days. We may change this transfer restriction at any time. However, the transfer restriction period may not exceed [180] days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Transfers from Fixed Account Plus</u>. You may transfer to other Investment Options up to [20%] of the
Accumulation Value allocated to Fixed Account Plus during each Certificate Year without charge. If multiple transfers are made in a Certificate Year, the percentages of the Accumulation Value transferred each time will be added together to determine
the [20%] transfer limit for that Certificate Year. For each transfer, the percentage transferred is the ratio of the amount transferred to the portion of the Accumulation Value allocated to Fixed Account Plus immediately prior to the transfer.
However, if following a [20%] transfer, the remaining amount allocated to Fixed Account Plus would be less than [$500], You may transfer the remaining amount, without charge.

There will be a charge for transfers to other Investment Options in excess of the amounts described in this paragraph (d). The amount of the charge is [5% ] of the excess amount transferred, subject to the total charge limit as provided in Section 4.02.

A withdrawal for the purpose of transfers from Fixed Account Plus to another funding entity (under Section 4.01 of this Certificate) counts as a transfer for purposes of the [20%] transfer limit stated above.

**3.06 Transfers During the Annuity Period** – During the Annuity Period, You may transfer Annuity Unit values among the Variable Investment Options. You may also transfer Annuity Unit values from the Variable Investment Options underlying a Variable Annuity to provide a Fixed Annuity. Transfers must be at least 365 days apart. We will not permit any transfer from a Fixed Annuity during the Annuity Period.

**Section 4 – BENEFITS** 

**4.01 Cash Surrender or Withdrawal –** Except as provided in Section 4.02 (pertaining to certain withdrawals for the purpose of transfers to another funding entity), there is no charge for cash surrenders or withdrawals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Cash Surrender</u>. Subject to the restrictions in Section 5.01 You may surrender Your account before
the Annuity Date for a cash payment equal to the Surrender Value as of the date We receive the request at the Administrative Service Office. The Surrender Value is the Accumulation Value less any charges described below, if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Surrender Value of the Fixed Account Options will never be less than the amount of all Purchase Payments allocated to the Fixed Account Options, less any amounts transferred to Variable Investment Options or withdrawn.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Withdrawal</u>. Subject to the restrictions in Section 5.01You may withdraw a portion of the
Accumulation Value in cash at any time before the Annuity Date. We may deduct a charge as described below in Section 4.02.

Except as otherwise expressly authorized by a Plan under which this Certificate is held, rights to surrender or withdraw under this Section 4.01, or transfer under Section 4.02, apply to the Participant. If a Plan is

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authorized to direct such a surrender, withdrawal or transfer, such rights are cumulative of the individual Participant rights under this Section 4.

**4.02 Transfers to Other Funding Entities** – Any amount allocated to one of the Variable Investment Options or the Short Term Fixed Account may be transferred to other funding entities at any time without charge.

Amounts allocated to the Fixed Account Plus may be transferred without charge to other funding entities as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any amount may be transferred without charge upon retirement, separation from service, or disability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) You may transfer up to [20%] of the Accumulation Value of Fixed Account Plus without charge during each
Certificate Year. If multiple transfers are made in a Certificate Year, the percentages of the Fixed Account Plus Accumulation Value transferred each time will be added together to determine the [20%] transfer limit for that Certificate Year. For
each transfer, the percentage transferred is the ratio of the amount transferred to the portion of the Accumulation Value allocated to Fixed Account Plus immediately prior to the transfer. If following a [20%] transfer, the remaining amount
allocated to Fixed Account Plus would be less than [$500], such value may also be transferred in full at that time without charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) You may transfer 100% of the Fixed Account Plus Accumulation Value without charge over a five year period,
under either one of the following two methods:

1) <u>Five Year Equal Amount Installment Method</u>. The interest rate during the five year payout period will be declared in advance by USL subject to the guaranteed minimum interest rate. No other withdrawals may be made once payments begin. 

2) <u>Decreasing Balance Method</u>. Under this method, 1/5 of the account balance will be transferred the first year; <sup>1</sup>⁄<sub>4</sub> of the remaining balance the second year; 1/3 of the remaining balance the third year; <sup>1</sup>⁄<sub>2</sub> of the remaining balance the fourth year; the entire remaining balance the fifth year. Interest under this method will be periodically credited at a rate determined by USL subject to the guaranteed minimum interest rate. Other withdrawals may be made under this method. 

All other transfers from Fixed Account Plus (including excess withdrawals under the Decreasing Balance Method) will be subject to a charge. The charge will be 5% of the amounts transferred to another funding entity in excess of the amounts described in (b) and (c) above. However, the total of all charges under this Section 4.02 and Section 3.05(d) will not be permitted to exceed 8.5% of the total Purchase Payments attributable to Your account at the time of the transfer transaction. Any transfer from Fixed Account Plus to another Investment Option counts as a transfer under this Section.

Except as otherwise expressly authorized by a Plan under which this Certificate is held, rights to surrender or withdraw under this Section 4.01, or transfer under Section 4.02, apply to the Participant. If a Plan is authorized to direct such a surrender, withdrawal or transfer, such rights are cumulative of the individual Participant rights under this Section 4.

**4.03 Annuity Period** – The Annuity Period begins at the Annuity Date, when Your Accumulation Value is applied under an Annuity Income Option. You may change the Annuity Date shown on the first page of Your Certificate by giving Us at least 30 days' notice. The selected Annuity Date may be the first day of any calendar month, but if You choose a life income option, the Annuity Date may not precede Your [50<sup>th</sup>] birthday without Our permission unless otherwise required under the Plan, if any.

**4.04 Starting Annuity Income Benefits** – At least 30 days in advance of the Annuity Date, the Participant must choose one of the Annuity Income Options in Section 4.08 and provide reasonable proof of age for any person whose age is taken into account under a life income option. If You fail to select another

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Annuity Income Option, annuity payments will be made on the basis of the Second Option with payments guaranteed for a ten-year period, commencing on the Annuity Date.

**4.05 Partial Annuitization / No Commutation** – You may choose to apply less than the full Accumulation Value under an Annuity Income Option and may choose different Annuity Dates and different Annuity Income Options for different portions of the Accumulation Value. Therefore, the Contract may, at times, be in both an Accumulation Period and an Annuity Period. If You choose to do this, the provisions of the Contract relating to the Accumulation Period and the Annuity Period will be applied as though there were separate Contracts. Full or partial commutations by You are not permitted.

**4.06 Minimum Annuity Payments** – You may not choose any Annuity Income Option if the resulting initial payment would be less than $20 ("Minimum Annuity Payment") or the Accumulation Value is less than $5,000 ("Minimum Accumulation Value"), in each case under either a Fixed Annuity, Variable Annuity or a combination Fixed and Variable Annuity. We reserve the right to convert monthly payments to quarterly, semi-annual, or annual payments so the initial payment will be at least the Minimum Annuity Payment. If an Annuity Income Option is not available due to a Minimum Annuity Payment not being achievable or failure to meet the Minimum Accumulation Value, then USL may cancel the annuity and pay the Accumulation Value of the Certificate to You with no withdrawal charge.

**4.07 Misstatement of Age** – If the annuity payments depend upon an individual's survival and the date of birth of any individual was misstated, We will adjust the remaining payments. The amount remaining to be paid will be the amount that should have been paid with the correct information. We will credit or charge the amount of any underpayment or overpayment against the next succeeding payment or payments, if any remain. We reserve the right to collect any overpayment directly from the payee. Once annuity payments have begun, any underpayments will be made up in one sum including interest at the annual rate of [3]% with the next annuity payment. Overpayments including interest at the annual rate of [3]% will be deducted from the future annuity payments until the total is repaid.

**4.08 Annuity Income (Payment) Options** – You may choose to receive payments under any of the Annuity Income Options below or any other option agreed to by USL. Annuity payments will be made periodically. Any option chosen must comply with applicable state and federal laws and regulations. Available Annuity Income Options may be limited by the Plan, if any.

**FIRST OPTION** – <u>Life Annuity With No Guarantee Period</u> – An income payable during Your life. All payments cease at Your death with no further amounts payable.

**SECOND OPTION** – <u>Life Annuity With Guarantee Period of 5, 10, 15, or 20 years</u> – An income payable during Your life. If, at Your death, We have made payments for fewer than the number of years selected, We will continue payments to the Beneficiary for the remainder of the guarantee period.

**THIRD OPTION** – <u>Life Annuity With Cash or Unit Refund Option</u> – An income Payable during Your life. Payments cease at Your death. However, the Beneficiary may receive an additional payment. For payments on a Fixed Annuity basis, the additional payment, if any, will be the Accumulation Value applied to this option less the total of all prior payments. For payments on a Variable Annuity basis, the additional payment, if any, will be the current value of the number of Annuity Units credited at the Annuity Date less the number of Annuity Units that have been paid. For this purpose, the number of Annuity Units credited equals the Accumulation Value applied to this option divided by the Annuity Unit Value at the date used to calculate the first annuity payment.

**FOURTH OPTION** – <u>Joint and Survivor Life Annuity</u> – An income payable during the joint lives of You and a second person and thereafter during the life of the survivor.

**FIFTH OPTION** – <u>Payments for a Designated Period</u> – An income payable for a selected number of years between five and thirty. This option is available for Fixed Annuities only.

For an Annuity Income Option quote, please call Us at the telephone number under Customer Service Information on the last page of this Certificate. If any annuity income payment option with a guarantee

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period provides for installment payments of the same amount at some ages for different guarantee periods, We will deem an election to have been made for the longest guarantee period, which could have been elected for such age and amount.

**4.09 Fixed or Variable Annuity Basis** – A Fixed Annuity provides benefit payments of a fixed dollar amount. A Variable Annuity provides benefit payments which vary with the investment return of the chosen Variable Investment Options.

You may elect to receive payments under any annuity option as a Fixed Annuity, a Variable Annuity, or a combination Fixed and Variable Annuity. If You make no election, amounts in Fixed Account Options will provide a Fixed Annuity and amounts in Variable Investment Options will provide a Variable Annuity.

**4.10 Variable Annuity Payments** – We will determine the amount of each Variable Annuity payment by multiplying the number of Annuity Units payable by the Annuity Unit Value on the [tenth] day (or the preceding business day if the [tenth day] is not a business day) prior to the payment due date.

We will determine the number of Annuity Units payable at the beginning of the Annuity Period. We will divide the dollar amount of the first payment by the Annuity Unit Value for that Variable Investment Option on the tenth day before the Annuity Date. The number of Annuity Units payable from each Variable Investment Option remains constant unless You transfer a portion of the annuity benefit between the Variable Investment Options or from a Variable Annuity to a Fixed Annuity. However, the dollar amount payable is not fixed and may change from month to month. Neither expenses actually incurred, other than taxes on the investment return, nor mortality actually experienced, shall adversely affect the dollar amount of variable annuity payments after such payments have commenced. The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of the variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and AIR You selected. The Contract's assumed rate of return is based on compounded interest.

**4.11 Assumed Investment Rate (AIR)** – Since the future rate of return on Variable Options is unknown, You must choose an Assumed Investment Rate (AIR). The AIR is the assumed rate of return used to determine the first annuity payment for a Variable Annuity Option, and once the AIR is established, it cannot be changed. Rates of 3%, 3 1/2%, 4 1/2%, 5% or a higher rate may be chosen if permitted by state law and regulations. If no AIR is chosen, the AIR will be 3 <sup>1</sup>⁄<sub>2</sub>%. A higher AIR will result in a higher initial payment. Choice of a lower AIR will result in a lower initial payment. Payments will increase whenever the Investment Rate exceeds the chosen AIR. Payments will decrease whenever the Investment Rate is less than the chosen AIR.

**4.12 Annuity Units and Annuity Unit Value** – An Annuity Unit is a measuring unit We use to determine the amount of the annuity payments to be made. All or a portion of the Accumulation Value is used to purchase a stream of annuity payments represented by a number of Annuity Units payable each period. The value of these Annuity Units represents the benefit amount paid each period.

For Fixed Annuity options, the number of Annuity Units equals the dollar amount of each payment since the Annuity Unit Value is fixed at $1.00.

For Variable Annuity options, the Annuity Unit Value varies with the investment rate each period. The Annuity Unit Value is the value of one Annuity Unit of an Investment Option.

The value of a Variable Annuity Unit is A multiplied by B multiplied by C (AxBxC).

A = the Annuity Unit Value for the Variable Investment Option at the immediately preceding computation date

B = 1 + the investment rate for the variable fund for the period

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C = the applicable AIR Factor from the following table raised to the power of the number of days in the period

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| | |
|:---|:---|
| AIR | AIR Factor |
| 3% | 0.999919 |
| 3<sup>1</sup>⁄<sub>2</sub>% | 0.999906 |
| 4<sup>1</sup>⁄<sub>2</sub>% | 0.999879 |
| 5% | 0.999866 |

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**4.13 Betterment of Rates** – Fixed and Variable Annuity – We will use the applicable current settlement option rates if these will provide higher fixed annuity payments to You, less any applicable premium taxes.

**4.14 Actuarial Basis of Computation –** For all Annuity Income Options, the value We use to determine annuity payments will be the applied portion of the Accumulation Value on the tenth day (or the preceding business day if the tenth day is not a business day) preceding the date of the first annuity payment, less any applicable premium taxes. The actuarial basis for the life Annuity Income Options is the 2012 Individual Annuity Reserving (IAR) Table using the age nearest Your birthday at the time of the first payment is due and if applicable, a designated second person if permitted under the Annuity Income Options in Section 4.08 and the Fixed Account Option minimum guaranteed interest rate in Section 3.01(b). The annuity rates pertaining to the Actuarial Basis of Computation for Annuity Income Options that are payable for Your lifetime will be furnished upon Your request.

For the Fifth Option, the following table demonstrates payments as described with an example of a 1% interest rate.

**DOLLAR AMOUNT REQUIRED TO PURCHASE AN ANNUITY** 

**WITH A FIRST MONTHLY PAYMENT OF $1.00** 

Option 5 – Payment for a Designated Period

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| | | | |
|:---|:---|:---|:---|
|  Years of Payment | Years of Payment | Years of Payment | Years of Payment |
| 5 | $58.51 | 18 | $197.68 |
| 6 | $69.86 | 19 | $207.66 |
| 7 | $81.11 | 20 | $217.54 |
| 8 | $92.24 | 21 | $227.32 |
| 9 | $103.26 | 22 | $237.00 |
| 10 | $114.18 | 23 | $246.59 |
| 11 | $124.98 | 24 | $256.09 |
| 12 | $135.68 | 25 | $265.49 |
| 13 | $146.27 | 26 | $274.79 |
| 14 | $156.76 | 27 | $284.01 |
| 15 | $167.14 | 28 | $293.13 |
| 16 | $177.42 | 29 | $302.17 |
| 17 | $187.60 | 30 | $311.11 |

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**4.15 Beneficiaries –** This Section 4.15 provides for terms relating to a Beneficiary in the event a death occurs during the Accumulation Period or during the Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Definition of a Beneficiary</u>. A Beneficiary is the person or entity You designate to receive any benefits
payable upon Your death.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Designation of a Beneficiary</u>. During Your lifetime, he or she has the right to designate a Beneficiary
and to change the designation. The change may be made by sending a written request to Our Administrative Service Office. A change in Beneficiary will take effect on the date the request is signed; subject to any actions taken by Us prior to the date
We receive the written change of Beneficiary notice. Your most recent Beneficiary change notice in writing received by Us will replace any prior Beneficiary designations. We are not liable for any payment(s) made by Us before the receipt of such
written change of Beneficiary notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Payments to Beneficiary</u>. Unless otherwise provided in the Beneficiary designation or in 4.16(a)
or (b):

1) If any Beneficiary dies prior to You, that Beneficiary's interest will be divided pro rata among the remaining named Beneficiaries.

2) If no Beneficiary survives You, death benefits will be paid to Your estate.

3) If any Beneficiary dies after You, that Beneficiary's interest will pass to his or her Beneficiary or, if none, to his or her estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Simultaneous Death Provision</u>. If We cannot determine whether You or a Beneficiary died first in a common
disaster, We will assume that the Beneficiary died first and make payments on that basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(e)</u> <u>Multiple Beneficiaries</u>. You may designate two or more Beneficiaries to receive separate percentage
interests in the death benefits payable under this Certificate. Each such Beneficiary may separately exercise the rights that a Beneficiary has under the Certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(f)</u> <u>Contingent Beneficiaries</u>. You may designate one or more Contingent Beneficiaries. A Contingent
Beneficiary will receive benefits payable upon Your death if all of the primary Beneficiaries have died prior to You. A Contingent Beneficiary will have all of the same rights as a Beneficiary during the Accumulation Period or an Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(g)</u> <u>Trust or Estate as Beneficiary</u>. Payments to a Beneficiary that is a trust or estate will be made only in
a lump sum or in installments over a period not to exceed five years, to the extent required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(h)</u> <u>Unlocatable Beneficiaries</u>. If after exercise of reasonable diligence We are unable to obtain a mailing
address or other suitable contact information for a designated Beneficiary using methods allowed by and within the period required by applicable state or federal regulations, then, except as otherwise directed by the Contract Owner and in accordance
with the terms of the Plan, if any, or as otherwise required under applicable law, We will deem You to have no designated Beneficiary, and We will pay the proceeds to the Participant's Estate.

**4.16 Death Payment Provisions -** 

&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>(a)</u> <u>Death During Accumulation Period</u>. If You die during the Accumulation Period, a death benefit is payable. The death benefit is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Accumulation Value of Your Account on the date We receive proof of death in good order, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. 100% of Adjusted Purchase Payment Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Adjusted Purchase Payment Amount means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. On the issue date of Your Certificate, the Adjusted Purchase Payment Amount shall be the sum of all Purchase
Payments under the certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On any date after the issue date of Your Certificate, the Adjusted Purchase Payment Amount shall be increased
by additional Purchase Payments made to the certificate, and reduced proportionately by all prior Gross Withdrawals as provided in 4.16(a)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Each Gross Withdrawal (meaning, all withdrawals of any kind and associated fees and charges and any portion of
the Accumulation Value that has been applied to an Annuity

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Income Option) shall result in a proportionate reduction in the Adjusted Purchase Payment Amount, determined by multiplying the Adjusted Purchase Payment Amount, measured immediately prior to the Gross Withdrawal, by a fraction. Such fraction shall be equal to the Gross Withdrawal divided by the Accumulation Value immediately prior to the Gross Withdrawal. <br>

In the event no Beneficiary or Contingent Beneficiary has been named, or if none of the Beneficiaries survive the Participant, then benefits will be paid as set forth in this Section 4.16(a) consistent with applicable contract or law including the Code and ERISA, and if no such requirements dictate who benefits will be paid to, then to the Participant's estate. The death benefit is payable at any time Your Beneficiary selects and in any form You could have selected under the Contract. If any Beneficiary or Contingent Beneficiary does not select a form of payment of the death benefit, then the death benefit will be paid as set forth in this Section 4.16(a) consistent with applicable law including the Code and ERISA.

&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>(b)</u> <u>Death During Annuity Period</u>. If You die during the Annuity Period, the amount of the death benefit, if any, will be based on the terms of the Annuity Income Option. Unless You elected the Fourth Option, the Beneficiary may elect to receive the death benefit in one of the following forms:

1) Continuing annuity payments under the terms of Your Annuity Income Option with the right, for Variable Annuities only, to receive the remaining payments in a lump sum at any time thereafter;

2) A lump sum; or

3) Annuity payments under another Annuity Income Option, based on the available lump sum.

The lump sum available under these alternatives is the present value of remaining payments, discounted at the Assumed Investment Rate, and based on the current Annuity Unit Value for 2) and 3), or the value next determined after receipt of the request at USL's Administrative Service Office for 1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Investment Options and Other Rights</u>. Until the death benefits have been fully paid, Your Beneficiary will be entitled to exercise all the Investment Options and other rights You can exercise under the Contract. Unpaid death benefits that have not been applied under an Annuity Income Option will have an Accumulation Value determined in the same manner as Your Accumulation Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Proof of Death.</u> Proof of death may be made by sending USL a certified copy of the death certificate, a certified copy of a decree of a court of competent jurisdiction as to death, a written statement by an attending physician, or any other proof satisfactory to USL.

**Section 5 – CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** 

**5.01 General -** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Contract Owner may impose limits and/or requirements on the Participant consistent with the terms of the
Plan; however, such Plan provisions do not become part of the Contract. No such Plan provision shall limit a Participant's rights under this Contract, unless the Contract Owner has provided USL with written notification of such provision. In no
event shall any such Plan provision enlarge USL's obligations under the Contract and this Certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Additional Plan-related provisions may be added to Your Certificate by endorsement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If Your Purchase Payments are made under a voluntary salary reduction agreement as part of a tax- deferred annuity arrangement under Section 403(b) of the Code, there may not be a separate Plan document, in which case the Contract is the Plan.

**5.02 Direct Rollovers** – If any benefit payable under this Certificate constitutes an "eligible rollover distribution" within the meaning of Section 402 of the Code, You have the right to elect to have such distribution paid directly to an "eligible retirement plan" in a transaction designated under the Code as a "direct rollover." Before any eligible rollover distribution is made to You, we will provide You with a written explanation of Your right to make a direct rollover and the tax consequences of making or not making a direct rollover. No surrender, withdrawal, or other benefit distribution that constitutes an eligible rollover distribution will be made to You under this Certificate, unless the Code's requirements applicable to eligible rollover distributions have been satisfied. Except for eligible rollover distributions, We reserve the right to make payments only to You or Your Beneficiary.

**Section 6 – GENERAL PROVISIONS** 

**6.01 Vesting** – Except as may be provided in the Plan, the Code, and ERISA, Your rights under the Contract are fully vested and nonforfeitable. USL Separate Account RS holds all assets for Variable Investment Options for the exclusive benefit of Participants, Beneficiaries, and other holders of annuity contracts.

**6.02 Written Notices to Us** – Except as specifically provided otherwise, any notice of change, election, choice, option or other exercise of right given under the Contract must be in a written request or notice in acceptable form to Us, which is signed and dated by You. Such notice will be deemed effective as of the date of the written request for the change and must be received at Our Administrative Service Center. The change will be subject to action taken by Us before the request is received.

**6.03 Reports** – We will send You a Separate Account financial report twice each year if You have value in any Variable Investment Option. We will send to You, at least annually, a statement showing the dollar value of all investment options, investment performance since the prior statement, and as applicable, the number and value of any Variable Accumulation Units credited to Your account. All statements will be mailed within two months of the date of the information.

**6.04 Voting Rights** – We will hold the voting rights on all shares held in the Separate Account. To the extent of this Contract's participation in the Separate Account through one or more Variable Investment Options, We will vote those shares as instructed. Except as otherwise directed by the Contract Owner and pursuant to the Plan, You, or the Beneficiary, if You have died, will have the voting instruction rights prior to the Annuity Date. The annuity payee will have the voting instruction rights on and after the Annuity Date.

**6.05 Suspension of Payments** – USL reserves the right to suspend or postpone payments or withdrawals under the Separate Account for any period when: (a) the New York Stock Exchange is closed (other than customary weekend and holiday closings); (b) when trading on the New York Stock Exchange is restricted; (c) when an emergency prevents disposal of or determination of the value of shares of the Variable Account Options is not reasonably practicable; or (d) during any other period when the SEC, by order, so permits for the protection of security holders. The Company will notify the New York State Department of Financial services of this under this Section 6.05.

**6.06 Deferral of Cash Surrender or Withdrawal** – USL may defer payment of any surrender of amounts accumulated in Fixed Account Options if permitted by applicable law. Deferral shall not exceed six months from the receipt of written notice at the Administrative Service Office in good order. Interest shall be paid if payment is deferred for ten days or more after the date on which the surrender notice was received by USL on fully and accurately completed forms and/or instructions, including any necessary documentation We may

------

require, applicable to any given request from You received at Our Administrative Service Center. Interest will be credited at the rate then currently being credited in the applicable Fixed Account Options.

**6.07 Proof of Survival** – We reserve the right to require reasonable proof that You and any payee is alive on the date any benefit payment is due. If this proof is not received after requested in writing, We will have the right to make reduced payments or to withhold payments entirely until such reasonable proof is received. Such proof will only be required no more frequently than annually or if We have reasonable suspicion You or a payee is deceased.

**6.08 Substitution of Investment Fund Shares** – If shares of a particular Investment Fund are not available or if, in the judgment of USL, such shares are no longer appropriate for a Variable Investment Option, shares of another Investment Fund may be substituted for the Investment Fund shares already held under the Variable Investment Options and for those to be purchased by future Purchase Payments or transfers under this Contract. In the event any substitution occurs, USL will notify the Contract Owner in advance of the substitution.

**6.09 Minimum Benefit** – The paid up annuity, cash surrender or death payment available under this Contract will not be less than the minimum benefits required by any statute of the state in which the Contract is delivered.

**6.10 Separate Account** – Amounts allocated by Us to a Separate Account shall be owned by Us. The Separate Account assets shall be Our property. All of the assets of the Separate Account are not chargeable with liabilities arising out of any other business of USL, provided that the portion of assets of the Separate Account not chargeable with liabilities arising out of any other business of USL shall not exceed the following: (a) the assets purchased with considerations allocated to the Separate Account by the Contract Owner or Participant certificate holder; minus (b) any benefits paid from such assets; minus (c) any charges taken from such assets under the terms of the Contract or a Participant certificate; minus (d) any Contract Owner or Participant certificate holder initiated transfers of such assets out of the Separate Account; plus (e) the net investment returns earned on the net amount of such assets.

**6.11 Merger or Closure of One or More Investment Funds** – The following provisions will apply in the event of closure of or changes to the Short Term Fixed Account and the Fixed Account Plus or to one or more of the Investment Funds underlying the Variable Investment Options in the Separate Account described in Section 3.02:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Short Term Fixed Account and/or the Fixed Account Plus, or an Investment Fund, is closed to new Purchase
Payments and/or new transfers, and absent alternate directions from You, amounts that otherwise would have been deposited into the closed Fixed Account Option(s) will be invested in a money market fund Variable Investment Option, if available, or
otherwise, in the Short Term Fixed Account, and with respect to a closed Variable Investment Option(s), amounts that otherwise would have been deposited into the closed Variable Investment Option will be invested in such other Investment Option(s),
as consistent with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a change is made to one or more of the underlying Investment Funds, through a merger or other fund action,
upon official notification of such fund action(s) the Company will make reasonable efforts to provide advance notice to the Plan of any relevant changes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If an Investment Fund then available in the Plan ("Merged Fund") is to be merged with and into an
Investment Fund that is not available in the Plan ("Surviving Fund"): (i) the Plan may direct assets in the Investment Option invested in the Merged Fund, and any future contributions that would be allocated to such Variable Investment
Option, to another Variable Investment Option available in the Contract; or (ii) if prior to the effective date of a fund merger, a Plan has not provided to the Company any directions under Section 6.11(b) or Section 6.11(c)(i), then:
(x), the Contract shall default to inclusion of the Variable Investment Option invested in the Surviving Fund, (y) Plan assets in the Variable Investment Option

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invested in the Merged Fund shall be allocated to the Variable Investment Option invested in the Surviving Fund upon the effective date(s) of the fund merger, and (z) contribution instructions directing allocations to the Variable Investment Option invested in the Merged Fund at the effective date of the merger shall be redirected to the Variable Investment Option invested in the Surviving Fund following the effective date(s) of the fund merger, until or unless alternate direction is provided by or on behalf of the Plan. <br>

**6.12 Termination of the Contract by USL** – USL may suspend the Contract by giving written notice as otherwise provided in the Contract or if it is determined that Purchase Payments do not comply with the requirements of the Code or ERISA. Upon depletion of all the assets under the Contract, the Contract will terminate, and USL will be relieved of all further liability, except with respect to any Annuities purchased on behalf of Participants.

**6.13 Forfeiture** – If contributions under the Plan under which the Contract is held are subject to a vesting schedule, the Participant's Account Value may be reduced by such non-vested amounts upon termination of employment as specified by the Plan.

**6.14 Distributed Contract** – The Contract Owner may direct the distribution of a fully paid-up Certificate from the Contract Owner's Plan, in which case all rights otherwise reserved in the Certificate to the Contract Owner, the Plan, or an agent of either the Contract Owner or the Plan (other than the limited authority to hold a group annuity contract, if applicable, without exercising rights thereunder) are hereby terminated, and such rights are reserved solely to You.

**6.15 Applicable Law** – This Certificate has been delivered to You or a designated representative in the State of New York. This Certificate will be construed in accordance with and governed by applicable law of the State of New York.

**6.16 Non-Participating Contract** – The Contract is non-participating and does not share in the profits or surplus of USL.

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**CUSTOMER SERVICE INFORMATION** 

If you have any questions regarding this Certificate, please call us at

[1-800-448-2542] or write:

The United States Life Insurance Company in the City of New York

[Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

<sup>©</sup> The United States Life Insurance Company in the City of New York. All rights reserved.

## Ex-99.(D)(6)

**The United States Life Insurance Company in the City of New York (USL)** 

Home Office

[28 Liberty Street, 47<sup>th</sup> floor

New York, New York 10005]

Administrative Service Office:

**[**Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

**CONTRACT OWNER:** [XYZ Company]

**CONTRACT NUMBER:** [123ABC] **DATE OF ISSUE**: [01/01/2025]

In return for Purchase Payment(s), USL will pay annuity and other benefits as provided in this Contract.

**PLEASE READ YOUR CONTRACT CAREFULLY** 

**See Index on the following pages** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Maintenance Charge –** There is no account maintenance charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Separate Account Charge –** There is a daily charge against the Separate Account at an annual rate of
up to 1.25% of the assets of the Variable Investment Options to which assets are allocated. This charge only applies to assets of the Variable Investment Options. See Section 2.06.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Cash Surrender or Withdrawal Charge –** There is a charge at the time of surrender or withdrawal for
certain transfers equal to 5% of the amount withdrawn. See Sections 3.05, 4.02 and 4.06 for a complete description and conditions under which there is no charge.

The conditions and provisions on this and the following pages, including any attached Endorsement(s) and/or Rider(s), are the entire legal Contract between USL and the Contract Owner. No agent has the authority to change this Contract or waive any of its provisions. Only the President or a Vice President of USL may change this Contract. Any such changes must be in writing. All conditions and provisions are subject to applicable state and federal laws.

**RIGHT TO EXAMINE – If, within 20 days of receipt of this Contract or a certificate under this Contract (60 days if the Contract or a certificate under this Contract replaced any other life insurance or annuity contract(s) or certificate(s)) You are not satisfied with it, You may return this Contract to Our Administrative Service Office or to an authorized representative of the Company. The Company will refund the Purchase Payment, including any fees or other charges, or the Accumulation Value, whichever is greater, as of the business day during which We or an authorized representative receives the Contract or a certificate under this Contract as of the date the Contract or a certificate under this Contract is mailed (post-marked date) to Us. Upon such refund, the Contract or a certificate under this Contract shall be void.** 

EXECUTED AT USL'S HOME OFFICE ON THE DATE OF ISSUE

![LOGO](g934124dsp368.jpg)

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ANNUITY PAYMENTS AND SURRENDER VALUES PROVIDED BY THIS CONTRACT WHEN BASED ON INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT AND WILL INCREASE OR DECREASE IN VALUE BASED ON INVESTMENT RESULTS.

The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and Assumed Investment Return elected.

**[USL may close the fixed account options provided for in this Contract to new deposits or transfers at any time after the Date of Issue with [ 30 ] days advance written notice (see section 3.01).]** 

**GROUP VARIABLE DEFERRED ANNUITY CONTRACT** 

**WITH FIXED FUNDING** 

**NON-PARTICIPATING** 

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| | | |
|:---|:---|:---|
|  | **INDEX** |  |
|  **Section 1** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **DEFINITIONS** | **[5-6]** |
|  **Section 2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **CONTRACT AND PURCHASE PAYMENTS** | **[6]** |
| 2.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incontestability | [6] |
| 2.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Contract Value | [6] |
| 2.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan Provisions | [6] |
| 2.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase Payments | [6] |
| 2.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance Charge | [6] |
| 2.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate Account Charge | [6] |
|  **Section 3** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **INVESTMENT OPTIONS** | **[6]** |
| 3.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Account Options | [6-7] |
| 3.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Investment Options | [7] |
| 3.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation Unit | [7] |
| 3.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation Unit Value | [7] |
| 3.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers During the Accumulation Period | [8] |
| 3.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers During the Annuity Period | [8] |
|  **Section 4** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **BENEFITS** | **[8]** |
| 4.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Surrender or Withdrawal | [8-9] |
| 4.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers to Other Funding Entities | [9-10] |
| 4.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Period | [10] |
| 4.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starting Annuity Income Benefits | [10] |
| 4.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Partial Annuitization / No Commutation | [10] |
| 4.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Annuity Payments | [10] |
| 4.07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Misstatement of Age | [10] |
| 4.08 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Income (Payment) Options | [10-11] |
| 4.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed or Variable Annuity Basis | [11] |
| 4.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable Annuity Payments | [11] |
| 4.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assumed Investment Rate (AIR) | [11] |
| 4.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity Units and Annuity Unit Value | [11-12] |
| 4.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Betterment of Rates | [12] |
| 4.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Actuarial Basis of Computation | [12-13] |
| 4.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiaries | [13] |
| 4.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death Payment Provisions | [13-14] |
|  **Section 5** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** | **[15]** |
| 5.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General | [15] |
| 5.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Direct Rollovers | [15] |
| 5.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan Provisions | [15] |
|  **Section 6** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **GENERAL PROVISIONS** | **[15]** |
| 6.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Participant Certificates | [15] |

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6.02 Vesting [15]

6.03 Written Notices to Us [15]

6.04 Change of Contract [15]

6.05 Future Participants [16]

6.06 Reports [16]

6.07 Voting Rights [16]

6.08 Suspension of Payments [16]

6.09 Deferral of Cash Surrender or Withdrawal [16]

6.10 Proof of Survival [16]

6.11 Substitution of Investment Fund Shares [16]

6.12 Minimum Benefit [16]

6.13 Separate Account [16-17]

6.14 Merger or Closure of One or More Investment Options [17]

6.15 Termination of the Contract by USL [17]

6.16 Forfeiture [17-18]

6.17 Distributed Contract [18]

6.18 Applicable Law [18]

6.19 Non-Participating Contract [18]

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**Section 1 – DEFINITIONS** 

**Accumulation Period –** the time between the date of the first Purchase Payment and the Annuity Date, as defined in Section 4.03, for a Participant.

**Accumulation Value –** equals the sum of the values of the Fixed Account Options (including interest) and Variable Investment Options allocated to a Participant Account that have not been applied to provide annuity payments.

**Administrative Service Office –** the address shown on Page 1 of this Contract or a certificate where all Written Notices to Us regarding this Contract or a certificate are to be sent.

**Annuitant** – means the person on whose life USL will base payments during the Annuity Period.

**Annuity** – a periodic benefit purchased for a Participant under Section 4.

**Annuity Period** – the time during which USL makes annuity payments.

**Certificate Year** – the twelve month period starting with the issue date of a Participant's certificate and each anniversary of that date.

**Code** – the Internal Revenue Code of 1986, as amended.

**Company** – "We," "Our," "Us," "Company," or "USL," means The United States Life Insurance Company in the City of New York.

**Contract Owner** – the entity that makes application for the Contract. A reference to "You" or "Your" means the Contract Owner or designated administrator.

**ERISA** – the Employment Retirement Income Security Act of 1974, as amended.

**General Account** – assets of USL other than those in the Separate Account or any other segregated asset account.

**Investment Fund** – an investment portfolio or fund which is the underlying investment medium for a Variable Investment Option.

**Participant** – a person for whom or with respect to whom Purchase Payments are made under the Contract.

**Participant Account** – an individual account which is established for a Participant to record the Accumulation Value for the Participant.

**Plan** – the employer-sponsored retirement plan, annuity purchase arrangement, or deferred compensation program for which this Contract is issued.

**Purchase Payment** – an amount paid to USL for allocation to a Participant Account.

**SEC** – The U. S. Securities and Exchange Commission.

**Separate Account** – a segregated asset account established under the New York Insurance Law (known as USL Separate Account RS).

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**Surrender Value** – the Accumulation Value of a Participant Account less any applicable surrender charge and excluding any full or partial annuitization.

**Section 2 – CONTRACT AND PURCHASE PAYMENTS** 

**2.01 Incontestability** – This Contract is incontestable.

**2.02 Minimum Contract Value** – We can distribute the Surrender Value if the Accumulation Value for the Participant Account falls below [$300] and there are no Purchase Payments for [two Certificate Years].

**2.03 Plan Provisions** – As further explained in Section 5, this Contract is subject to the provisions of the Plan. To the extent provided by the Plan, any rights that may be exercised by a Participant under this Contract may instead be exercised by the Contract Owner or a Plan representative.

**2.04 Purchase Payments** – Purchase Payments may be made at any time during the Accumulation Period and may include amounts that are rolled over or directly transferred from another plan; however, We reserve the right to limit, refuse or cease accepting Purchase Payments into the Contract, or specific categories of Purchase Payments (e.g., transfers from other plans or from other accounts or investments under the Plan, or transfers or Purchase Payments that are not periodic or that are limited in dollar amount) at any time, with not less than [180] days advance notice of such limitation or cessation. We require no payment beyond the first. There is no penalty if any scheduled payments are omitted or stopped.

If only one Purchase Payment is to be allocated to a Participant's Account, it must be at least [$1,000]. Periodic payments must be at least [$30] each. USL may waive this minimum.

We may deduct amounts from Purchase Payments or from the Accumulation Value for applicable premium taxes, if any. We will allocate the net Purchase Payment to one or more Investment Options according to the Participant's directions unless the Contract Owner has retained that right under the Plan.

**2.05 Maintenance Charge** – There is no account maintenance charge.

**2.06 Separate Account Charge** – We deduct a daily charge from the Separate Account. The amount of the charge depends on the Variable Investment Options from which it is deducted and is imposed at an annual rate of up to 1.25% of the assets of the Variable Investment Options.

**Section 3 – INVESTMENT OPTIONS** 

We will allocate Purchase Payments to one or more Variable Investment Options and Fixed Account Options ("Investment Options") selected by the Participant. Each selection must be a whole percentage of Purchase Payments. We reserve the right to limit the number of Investment Options available under the Contract as set forth in Section 3.05(a). The Investment Options available under the Contract will be those selected by the Contract Owner on the application. The Contract Owner may request, from time to time, that We add or substitute Investment Options available from the Separate Account. Any such request will be subject to Our approval and to any other applicable limitations in the Contract.

**3.01 Fixed Account Options** – Fixed Account Options are based on the General Account. Allocations to the Fixed Account Options earn interest as credited daily by USL during the Accumulation Period. The interest credited will be at least the guaranteed minimum interest rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The guaranteed minimum interest rate that will be credited to amounts in the Fixed Account Options for a Partic
ipant Account during the Accumulation Period will be shown on the Investment Information Page or an applicable endorsement, if needed, for that Participant Account.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding subparagraph (a) above, a separate guaranteed minimum interest rate will be used to
determine minimum fixed annuity payments during the Annuity Period. The guaranteed minimum interest rate for fixed annuity payments will be 2% or the Guaranteed Minimum Interest Rate shown on the Investment Information Page, if less.

There are two Fixed Account Options: Short Term Fixed Account and Fixed Account Plus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u> <u>Short Term Fixed Account</u>. We will credit interest to the Short Term Fixed Account on a portfolio basis.
On the portfolio basis, all amounts accumulated will be credited with the same rate of interest for not less than a calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u> <u>Fixed Account Plus.</u> We will credit interest to the Fixed Account Plus on the following basis:
Periodically, but not less frequently than annually based on a calendar year, We will declare interest rates that apply separately to amounts accumulated in separate time periods. Each such declared interest rate will be the same rate of interest
for not less than a calendar year.

[Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the Investment Options, at any time after the Date of Issue with [30] days advance written notice. USL may make the Fixed Account Options available or close the Fixed Account Options as frequently as it determines at any point in time while the Contract is in force, provided USL gives [30] days advance written notice in each case. This right may be exercised where the yield on investments would not support the guaranteed minimum interest rate or where new Purchase Payments or transfers in or among Investment Options do not comply with requirements regarding transfers provided for in this Contract.]

**3.02 Variable Investment Options** – Variable Investment Options are based upon Investment Funds available within the Separate Account. The Separate Account invests in a number of Investment Funds. Each Investment Fund underlying a Variable Investment Option has a different investment objective. Investment returns on Variable Investment Options may be positive or negative and are not guaranteed.

**3.03 Accumulation Unit** – An Accumulation Unit is a measuring unit for amounts allocated to a Variable Investment Option before annuity payments begin. The value of an Accumulation Unit will vary with the net investment return of the respective underlying Investment Fund. Accumulation Units may be credited to the Participant's Account due to a Purchase Payment or a transfer from another Investment Option. The number of Accumulation Units credited to the Participant's Account is determined by dividing the dollar amount of the transaction by the Accumulation Unit Value for that Variable Investment Option at the next time it is computed.

**3.04 Accumulation Unit Value** – The Accumulation Unit Value is the value of one Accumulation Unit of a Variable Investment Option. We will calculate it at the end of trading each day the New York Stock Exchange is open, except as described in Section 6.08. The value of an Accumulation Unit of a Variable Investment Option is the Accumulation Unit Value last computed, multiplied by one plus the Investment Rate for the period. The Investment Rate may be positive or negative. The Investment Rate is the change in the value of the Investment Fund's portfolio (capital gains and losses whether or not realized and investment income) since the last computation, divided by the amount of assets at the beginning of the period, less a factor for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Separate Account Charge for the period at the applicable annualized rate up to 1.25%, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any taxes attributed to the Separate Account or reserve held for such taxes.

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**3.05 Transfers During the Accumulation Period** – During the Accumulation Period, the Participant may request transfers by telephone, through the Company's website, or in writing by mail. The Participant may transfer amounts among Investment Options, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) We reserve the right to limit allocations among Investment Options to [twenty] at any one time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) We reserve the right to require transfers to be at least [30] days apart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Transfers from the Short Term Fixed Account</u>. After a transfer to the Short Term Fixed Account, the
Participant may not make any transfer from the Short Term Fixed Account for [90] days. We may change this transfer restriction at any time. However, the transfer restriction period may not exceed [180] days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Transfers from Fixed Account Plus</u>. The Participant may transfer to other Investment Options up to [20%]
of the Accumulation Value allocated to Fixed Account Plus during each Certificate Year without charge. If multiple transfers are made in a Certificate Year, the percentages of the Accumulation Value transferred each time will be added together to
determine the [20%] transfer limit for that Certificate Year. For each transfer, the percentage transferred is the ratio of the amount transferred to the portion of the Accumulation Value allocated to Fixed Account Plus immediately prior to the
transfer. However, if following a [20%] transfer, the remaining amount allocated to Fixed Account Plus would be less than [$500], the Participant may transfer the remaining amount, without charge.

There will be a charge for transfers to other Investment Options in excess of the amounts described in this paragraph (d). The amount of the charge is [5%] of the excess amount transferred, subject to the total charge limit as provided in Section 4.02.

A withdrawal for the purpose of transfers from Fixed Account Plus to another funding entity (under Section 4.01 of this Contract) counts as a transfer for purposes of the [20%] transfer limit stated above.

**3.06 Transfers During the Annuity Period** – During the Annuity Period, the Participant may transfer Annuity Unit values among the Variable Investment Options. The Participant may also transfer Annuity Unit values from the Variable Investment Options underlying a Variable Annuity to provide a Fixed Annuity. Transfers must be at least 365 days apart. We will not permit any transfer from a Fixed Annuity during the Annuity Period. Refer to section 4.12 for the definition of an Annuity Unit.

**Section 4 – BENEFITS** 

**4.01 Cash Surrender or Withdrawal –** Except as provided in Section 4.02 (pertaining to certain withdrawals for the purpose of transfers to another funding entity), there is no charge for cash surrenders or withdrawals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Cash Surrender</u>. Subject to the restrictions in Sections 5.01 and 5.03, the Participant may surrender the
Participant Account before the Annuity Date for a cash payment equal to the Surrender Value as of the date We receive the request at the Administrative Service Office. The Surrender Value is the Accumulation Value less any charges described below,
if applicable.

The Surrender Value of the Fixed Account Options will never be less than the amount of all Purchase Payments allocated to the Fixed Account Options, less any amounts transferred to Variable Investment Options or withdrawn.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Withdrawal</u>. Subject to the restrictions in Sections 5.01 and 5.03, the Participant may withdraw a
portion of the Accumulation Value in cash at any time before the Annuity Date. We may deduct a charge as described below in section 4.02.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Contract Owner Withdrawal or Surrender.</u> Subject to the restrictions in Section 5.03 and in
accordance with applicable law, the Code and/or ERISA:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Except as otherwise expressly authorized by a Plan under which this Contract is held, rights to surrender or
withdraw under this Section 4.01, or transfer under Section 4.02, apply to the Participant. Plan authority conferred on the Contract Owner, if applicable, which may include authority to surrender the Contract, would be applied as an
aggregation of individual Participant rights under their respective Certificates; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In the event the Contract Owner withdraws or surrenders pursuant to this Section 4.01(c),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) The Contract Owner and the Company will mutually agree to a date on which Purchase Payments will no longer be
accepted by the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) On behalf of the Participants, the Contract Owner will be permitted to surrender the Contract in accordance
with Section 4.02 with respect to the Variable Investment Options and the Fixed Account Options, as determined in each case by mutual agreement with the Company.

**4.02 Transfers to Other Funding Entities** – Any amount allocated to one of the Variable Investment Options or the Short Term Fixed Account may be transferred to other funding entities outside of the Contract at any time without charge.

Amounts allocated to the Fixed Account Plus may be transferred without charge to other funding entities as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any amount may be transferred without charge upon retirement, separation from service, or disability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Participant may transfer up to [20%] of the Accumulation Value of Fixed Account Plus without charge during
each Certificate Year. If multiple transfers are made in a Certificate Year, the percentages of the Fixed Account Plus Accumulation Value transferred each time will be added together to determine the [20%] transfer limit for that Certificate Year.
For each transfer, the percentage transferred is the ratio of the amount transferred to the portion of the Accumulation Value allocated to Fixed Account Plus immediately prior to the transfer. If following a [20%] transfer, the remaining amount
allocated to Fixed Account Plus would be less than [$500], such value may also be transferred in full at that time without charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Participant may transfer 100% of the Fixed Account Plus Accumulation Value without charge over a five year
period, under either one of the following two methods:

1) <u>Five Year Equal Amount Installment Method</u>. The interest rate during the five year payout period will be declared in advance by USL subject to the guaranteed minimum interest rate. No other withdrawals may be made once payments begin. 

2) <u>Decreasing Balance Method</u>. Under this method, 1/5 of the account balance will be transferred the first year; <sup>1</sup>⁄<sub>4</sub> of the remaining balance the second year; 1/3 of the remaining balance the third year; <sup>1</sup>⁄<sub>2</sub> of the remaining balance the fourth year; the entire remaining balance the fifth year. Interest under this method will be periodically credited at a rate determined by USL subject to the guaranteed minimum interest rate. Other withdrawals may be made under this method. 

All other transfers from Fixed Account Plus (including excess withdrawals under the Decreasing Balance Method) will be subject to a charge. The charge will be 5% of the amounts transferred to another funding entity in excess of the amounts described in (b) and (c) above. However, the total of all charges under this Section 4.02 and Section 3.05(d) will not be permitted to exceed 8.5% of the total Purchase Payments attributable to the Participant Account at the time of the transfer transaction. Any transfer from Fixed Account Plus to another Investment Option counts as a transfer under this section.

Except as otherwise expressly authorized by a Plan under which this Contract is held, rights to surrender or withdraw under this Section 4.01, or transfer under Section 4.02, apply to the Participant. If a Plan is

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authorized to direct such a surrender, withdrawal or transfer, such rights are cumulative of the individual Participant rights under this Section 4.

**4.03 Annuity Period** – The Annuity Period begins at the Annuity Date, when the Participant's Accumulation Value is applied under an Annuity Income Option. The Participant may change the Annuity Date shown on the first page of the Participant Certificate by giving Us at least 30 days' notice. The selected Annuity Date may be the first day of any calendar month, but if the Participant chooses a life income option, the Annuity Date may not precede the Participant's [50<sup>th</sup> ] birthday without Our permission unless otherwise required under the Plan, if any.

**4.04 Starting Annuity Income Benefits** – At least 30 days in advance of the Annuity Date, the Participant must choose one of the Annuity Income Options in Section 4.08 and provide reasonable proof of age for any person whose age is taken into account under a life income option. If the Participant fails to select another Annuity Income Option, annuity payments will be made on the basis of the Second Option with payments guaranteed for a ten-year period, commencing on the Annuity Date.

**4.05 Partial Annuitization / No Commutation** – The Participant may choose to apply less than the full Accumulation Value under an Annuity Income Option and may choose different Annuity Dates and different Annuity Income Options for different portions of the Accumulation Value. Therefore, the Contract may, at times, be in both an Accumulation Period and an Annuity Period. If the Participant chooses to do this, the provisions of the Contract relating to the Accumulation Period and the Annuity Period will be applied as though there were separate Contracts. Full or partial commutations by the Participant are not permitted.

**4.06 Minimum Annuity Payments** – The Participant may not choose any Annuity Income Option if the resulting initial payment would be less than $20 ("Minimum Annuity Payment") or the Accumulation Value is less than $5,000 ("Minimum Accumulation Value"), in each case under either a Fixed Annuity, Variable Annuity or a combination Fixed and Variable Annuity. We reserve the right to convert monthly payments to quarterly, semi-annual, or annual payments so the initial payment will be at least the Minimum Annuity Payment. If an Annuity Income Option is not available due to a Minimum Annuity Payment not being achievable or failure to meet the Minimum Accumulation Value, then USL may cancel the annuity and pay the Accumulation Value of the Certificate to the Participant with no withdrawal charge.

**4.07 Misstatement of Age** – If the annuity payments depend upon an individual's survival and the date of birth of any individual was misstated, We will adjust the remaining payments. The amount remaining to be paid will be the amount that should have been paid with the correct information. We will credit or charge the amount of any underpayment or overpayment against the next succeeding payment or payments, if any remain. We reserve the right to collect any overpayment directly from the payee. Once annuity payments have begun, any underpayments will be made up in one sum including interest at the annual rate of [3]% with the next annuity payment. Overpayments including interest at the annual rate of [3]% will be deducted from the future annuity payments until the total is repaid.

**4.08 Annuity Income (Payment) Options** – The Participant may choose to receive payments under any of the Annuity Income Options below or any other option agreed to by USL. Annuity payments will be made periodically. Any option chosen must comply with applicable state and federal laws and regulations. Available Annuity Income Options may be limited by the Plan, if any.

**FIRST OPTION** – <u>Life Annuity With No Guarantee Period</u> – An income payable during the Participant's life. All payments cease at the Participant's death with no further amounts payable.

**SECOND OPTION** – <u>Life Annuity With Guarantee Period of 5, 10, 15, or 20 years</u> – An income payable during the Participant's life. If, at the Participant's death, We have made payments for fewer than the number of years selected, We will continue payments to the Beneficiary for the remainder of the guarantee period.

**THIRD OPTION** – <u>Life Annuity With Cash or Unit Refund Option</u> – An income Payable during the Participant's life. Payments cease at the Participant's death. However, the Beneficiary may receive an

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additional payment. For payments on a Fixed Annuity basis, the additional payment, if any, will be the Accumulation Value applied to this option less the total of all prior payments. For payments on a Variable Annuity basis, the additional payment, if any, will be the current value of the number of Annuity Units credited at the Annuity Date less the number of Annuity Units that have been paid. For this purpose, the number of Annuity Units credited equals the Accumulation Value applied to this option divided by the Annuity Unit Value at the date used to calculate the first annuity payment.

**FOURTH OPTION** – <u>Joint and Survivor Life Annuity</u> – An income payable during the joint lives of the Participant and a second person and thereafter during the life of the survivor.

**FIFTH OPTION** – <u>Payments for a Designated Period</u> – An income payable for a selected number of years between five and thirty. This option is available for Fixed Annuities only.

For an Annuity Income Option quote, please call Us at the telephone number under Customer Service Information on the last page of this Contract or a certificate.

**4.09 Fixed or Variable Annuity Basis** – A Fixed Annuity provides benefit payments of a fixed dollar amount. A Variable Annuity provides benefit payments which vary with the investment return of the chosen Variable Investment Options.

The Participant may elect to receive payments under any annuity option as a Fixed Annuity, a Variable Annuity, or a combination Fixed and Variable Annuity. If the Participant makes no election, amounts in Fixed Account Options will provide a Fixed Annuity and amounts in Variable Investment Options will provide a Variable Annuity.

**4.10 Variable Annuity Payments** – We will determine the amount of each Variable Annuity payment by multiplying the number of Annuity Units payable by the Annuity Unit Value on the [tenth] day (or the preceding business day if the [tenth] day is not a business day) prior to the payment due date.

We will determine the number of Annuity Units payable at the beginning of the Annuity Period. We will divide the dollar amount of the first payment by the Annuity Unit Value for that Variable Investment Option on the tenth day before the Annuity Date. The number of Annuity Units payable from each Variable Investment Option remains constant unless the Participant transfers a portion of the annuity benefit between the Variable Investment Options or from a Variable Annuity to a Fixed Annuity. However, the dollar amount payable is not fixed and may change from month to month. Neither expenses actually incurred, other than taxes on the investment return, nor mortality actually experienced, shall adversely affect the dollar amount of variable annuity payments after such payments have commenced. The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of the variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and AIR You selected. The Contract's assumed rate of return is based on compounded interest.

**4.11 Assumed Investment Rate (AIR)** – Since the future rate of return on Variable Options is unknown, the Participant must choose an Assumed Investment Rate (AIR). The AIR is the assumed rate of return used to determine the first annuity payment for a Variable Annuity Option, and once the AIR is established, it cannot be changed. Rates of 3%, 3 1/2%, 4 1/2%, 5% or a higher rate may be chosen if permitted by state law and regulations. If no AIR is chosen, the AIR will be 3 <sup>1</sup>⁄<sub>2</sub>%. A higher AIR will result in a higher initial payment. Choice of a lower AIR will result in a lower initial payment. Payments will increase whenever the Investment Rate exceeds the chosen AIR. Payments will decrease whenever the Investment Rate is less than the chosen AIR.

**4.12 Annuity Units and Annuity Unit Value** – An Annuity Unit is a measuring unit We use to determine the amount of the annuity payments to be made. All or a portion of the Accumulation Value is used to purchase a stream of annuity payments represented by a number of Annuity Units payable each period. The value of these Annuity Units represents the benefit amount paid each period.

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For Fixed Annuity options, the number of Annuity Units equals the dollar amount of each payment since the Annuity Unit Value is fixed at $1.00.

For Variable Annuity options, the Annuity Unit Value varies with the investment rate each period. The Annuity Unit Value is the value of one Annuity Unit of an Investment Option.

The value of a Variable Annuity Unit is A multiplied by B multiplied by C (AxBxC).

A = the Annuity Unit Value for the Variable Investment Option at the immediately preceding computation date

B = 1 + the for the variable fund for the period

C = the applicable AIR Factor from the following table raised to the power of the number of days in the period

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| | |
|:---|:---|
| AIR | AIR Factor |
| 3% | 0.999919 |
| 3<sup>1</sup>⁄<sub>2</sub>% | 0.999906 |
| 4<sup>1</sup>⁄<sub>2</sub>% | 0.999879 |
| 5% | 0.999866 |

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**4.13 Betterment of Rates** – Fixed and Variable Annuity – We will use the applicable current settlement option rates if these will provide higher fixed annuity payments to the Participant, less any applicable premium taxes.

**4.14 Actuarial Basis of Computation –** For all Annuity Income Options, the value We use to determine annuity payments will be the applied portion of the Accumulation Value on the tenth day (or the preceding business day if the tenth day is not a business day) preceding the date of the first annuity payment, less any applicable premium taxes. The actuarial basis for the life Annuity Income Options is the 2012 Individual Annuity Reserving (IAR) Table using the age nearest birthday of the Annuitant at the time of the first payment is due and if applicable, a designated second person if permitted under the Annuity Income Options in Section 4.08 and the Fixed Account Option minimum guaranteed interest rate in Section 3.01(b). The annuity rates pertaining to the Actuarial Basis of Computation for Annuity Income Options that are payable for the lifetime of the Annuitant will be furnished upon Your request.

For the Fifth Option, the following table demonstrates payments as described with an example of a 1% interest rate.

**DOLLAR AMOUNT REQUIRED TO PURCHASE AN ANNUITY** 

**WITH A FIRST MONTHLY PAYMENT OF $1.00** 

Option 5 – Payment for a Designated Period

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| | | | |
|:---|:---|:---|:---|
|  Years of Payment | Years of Payment | Years of Payment | Years of Payment |
| 5 | $58.51 | 18 | $197.68 |
| 6 | $69.86 | 19 | $207.66 |
| 7 | $81.11 | 20 | $217.54 |
| 8 | $92.24 | 21 | $227.32 |
| 9 | $103.26 | 22 | $237.00 |
| 10 | $114.18 | 23 | $246.59 |
| 11 | $124.98 | 24 | $256.09 |
| 12 | $135.68 | 25 | $265.49 |

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| | | | |
|:---|:---|:---|:---|
| 13 | $146.27 | 26 | $274.79 |
| 14 | $156.76 | 27 | $284.01 |
| 15 | $167.14 | 28 | $293.13 |
| 16 | $177.42 | 29 | $302.17 |
| 17 | $187.60 | 30 | $311.11 |

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**4.15 Beneficiaries –** This Section 4.15 provides for terms relating to a Beneficiary in the event a death occurs during the Accumulation Period or during the Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Definition of a Beneficiary</u>. A Beneficiary is the person or entity the Participant designates to receive
any benefits payable upon the Participant's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Designation of a Beneficiary</u>. During the Participant's lifetime, he or she has the right to
designate a Beneficiary and to change the designation. The change may be made by sending a written request to Our Administrative Service Office. A change in Beneficiary will take effect on the date the request is signed; subject to any actions taken
by Us prior to the date We receive the written change of Beneficiary notice. The Owner's most recent Beneficiary change notice in writing received by Us will replace any prior Beneficiary designations. We are not liable for any payment(s) made
by Us before the receipt of such written change of Beneficiary notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Payments to Beneficiary</u>. Unless otherwise provided in the Beneficiary designation or in 4.16(a) or (b):

1) If any Beneficiary dies prior to the Participant, that Beneficiary's interest will be divided pro rata among the remaining named Beneficiaries.

2) If no Beneficiary survives the Participant, death benefits will be paid to the Participant's estate.

3) If any Beneficiary dies after the Participant, that Beneficiary's interest will pass to his or her Beneficiary or, if none, to his or her estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Simultaneous Death Provision</u>. If We cannot determine whether the Participant or a Beneficiary died first
in a common disaster, We will assume that the Beneficiary died first and make payments on that basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(e)</u> <u>Multiple Beneficiaries</u>. The Participant may designate two or more Beneficiaries to receive separate
percentage interests in the death benefits payable under this Contract. Each such Beneficiary may separately exercise the rights that a Beneficiary has under this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(f)</u> <u>Contingent Beneficiaries</u>. The Participant may designate one or more Contingent Beneficiaries. A
Contingent Beneficiary will receive benefits payable upon the Participant's death if all of the primary Beneficiaries have died prior to the Participant. A Contingent Beneficiary will have all of the same rights as a Beneficiary during the
Accumulation Period or an Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(g)</u> <u>Trust or Estate as Beneficiary</u>. Payments to a Beneficiary that is a trust or estate will be made only in
a lump sum or in installments over a period not to exceed five years, to the extent required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(h)</u> <u>Unlocatable Beneficiaries.</u> If after exercise of reasonable diligence We are unable to obtain a mailing
address or other suitable contact information for a designated Beneficiary using methods allowed by and within the period required by applicable state or federal regulations, then, except as otherwise directed by the Contract Owner and in accordance
with the terms of the Plan, if any, or as otherwise required under applicable law, We will deem the Participant to have no designated Beneficiary, and We will pay the proceeds to the Participant's Estate.

**4.16** **Death Payment Provisions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> <u>Death During Accumulation Period</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If the Participant dies during the Accumulation Period, a death benefit is payable. The death benefit is the
greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Accumulation Value of the Participant's Account on the date We receive proof of death in good order,
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. 100% of Adjusted Purchase Payment Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Adjusted Purchase Payment Amount means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. On the issue date of a Participant's certificate, the Adjusted Purchase Payment Amount shall be the sum of
all Purchase Payments under the certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On any date after the issue date of a Participant's certificate, the Adjusted Purchase Payment Amount
shall be increased by additional Purchase Payments made to the certificate and reduced proportionately by all prior Gross Withdrawals as provided in 4.16(a)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Each Gross Withdrawal (meaning, all withdrawals of any kind and associated fees and charges and any portion of
the Accumulation Value that has been applied to an Annuity Income Option) shall result in a proportionate reduction in the Adjusted Purchase Payment Amount, determined by multiplying the Adjusted Purchase Payment Amount, measured immediately prior
to the Gross Withdrawal, by a fraction. Such fraction shall be equal to the Gross Withdrawal divided by the Accumulation Value immediately prior to the Gross Withdrawal.

In the event no Beneficiary or Contingent Beneficiary has been named, or if none of the Beneficiaries survive the Participant, then benefits will be paid as set forth in this section 4.16(a) consistent with applicable contract or law including the Code and ERISA, and if no such requirements dictate who benefits will be paid to, then to the Participant's estate. The death benefit is payable at any time the Participant's Beneficiary selects and in any form the Participant could have selected under the Contract. If any Beneficiary or Contingent Beneficiary does not select a form of payment of the death benefit, then the death benefit will be paid as set forth in this Section 4.16(a) consistent with applicable law including the Code and ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Death During Annuity Period</u>. If the Participant dies during the Annuity Period, the amount of the death benefit, if any, will be based on the terms of the Annuity Income Option. Unless the Participant elected the Fourth Option, the Beneficiary may elect to receive the death benefit in one of the following forms:

1) Continuing annuity payments under the terms of the Participant's Annuity Income Option with the right, for Variable Annuities only, to receive the remaining payments in a lump sum at any time thereafter;

2) A lump sum; or

3) Annuity payments under another Annuity Income Option, based on the available lump sum and subject to the applicable limitations of the Code and ERISA.

The lump sum available under these alternatives is the present value of remaining payments, discounted at the Assumed Investment Rate, and based on the current Annuity Unit Value for 2) and 3), or the value next determined after receipt of the request at USL's Administrative Service Office for 1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Investment Options and Other Rights</u>. Until the death benefits have been fully paid, the Participant's Beneficiary will be entitled to exercise all the Investment Options and other rights the Participant can exercise under this Contract. Unpaid death benefits that have not been applied under an Annuity Income Option will have an Accumulation Value determined in the same manner as the Participant's Accumulation Value.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Proof of Death.</u> Proof of death may be made by sending USL a certified copy of the death certificate, a certified copy of a decree of a court of competent jurisdiction as to death, a written statement by an attending physician, or any other proof satisfactory to USL.

**Section 5 – CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** 

**5.01 General –** If the Participant's Purchase Payments are made under a voluntary salary reduction agreement as part of a tax-deferred annuity arrangement under Section 403(b) of the Code, there may not be a separate Plan document, in which case the Contract is the Plan.

**5.02 Direct Rollovers** – If any benefit payable under this Contract constitutes an "eligible rollover distribution" within the meaning of Section 402 of the Code, the Participant has the right to elect to have such distribution paid directly to an "eligible retirement plan" in a transaction designated under the Code as a "direct rollover." Before any eligible rollover distribution is made to the Participant, we will provide the Participant with a written explanation of the Participant's right to make a direct rollover and the tax consequences of making or not making a direct rollover. No surrender, withdrawal, or other benefit distribution that constitutes an eligible rollover distribution will be made to the Participant under this Contract, unless the Code's requirements applicable to eligible rollover distributions have been satisfied. Except for eligible rollover distributions, We reserve the right to make payments only to the Participant or the Participant's Beneficiary.

**5.03 Plan Provisions** –The Contract Owner may impose limits and/or requirements on the Participant consistent with the terms of the Plan, however such Plan provisions do not become part of this Contract. No such Plan provision shall limit a Participant's rights under this Contract, unless the Contract Owner has provided USL with written notification of such provision. In no event shall any such Plan provision enlarge USL's obligations under this Contract.

**Section 6 – GENERAL PROVISIONS** 

**6.01 Participant Certificates** – We will issue certificates to each Participant. Each certificate will set forth the benefits to which the Participant is entitled under the Contract.

**6.02 Vesting** – Except as may be provided in the Plan, the Code and ERISA, the Participant's rights under this Contract are fully vested and nonforfeitable. USL Separate Account RS holds all assets for Variable Investment Options for the exclusive benefit of Participants, Beneficiaries, and other holders of annuity contracts.

**6.03 Written Notices to Us** – Except as specifically provided otherwise, any notice of change, election, choice, option or other exercise of right given under the Contract must be in a written request or notice in acceptable form and content to Us which is signed and dated by a Participant. Such notice will be deemed effective as of the date of the written request for the change and must be received at Our Administrative Service Center. The change will be subject to action taken by Us before the request is received.

**6.04 Change of Contract** – We may change this Contract to the extent it is required or deemed advisable to do so in order to conform the Contract to applicable law. In addition, upon at least 30 days' written notice from the Contract Owner, We may make other changes to this Contract which will apply only to individuals who become Participants after the effective date of such change. All changes We make will be subject to any applicable regulatory requirements.

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**6.05 Future Participants** – We may at our discretion curtail or prohibit new Participants under this Contract upon written notice to the Contract Owner.

**6.06 Reports** – We will send the Participant a Separate Account financial report twice each year if the Participant has values in any Variable Investment Option. We will send to the Participant, at least annually, a statement showing the dollar value of all investment options, investment performance since the prior statement, and as applicable, the number and value of any Variable Accumulation Units credited to the Participant's Account. All statements will be mailed within two months of the date of the information.

**6.07 Voting Rights** – We will hold the voting rights on all shares held in the Separate Account. To the extent of this Contract's participation in the Separate Account through one or more Variable Investment Options, We will vote those shares as instructed. Except as otherwise directed by the Contract Owner and pursuant to the Plan, the Participant, or the Beneficiary, if the Participant has died, will have the voting instruction rights prior to the Annuity Date. The annuity payee will have the voting instruction rights on and after the Annuity Date.

**6.08 Suspension of Payments** – USL reserves the right to suspend or postpone payments or withdrawals under the Separate Account for any period when: (a) the New York Stock Exchange is closed (other than customary weekend and holiday closings); (b) when trading on the New York Stock Exchange is restricted; (c) when an emergency prevents disposal of or determination of the value of shares of the Variable Account Options is not reasonably practicable; or (d) during any other period when the SEC, by order, so permits for the protection of security holders. The Company will notify the New York State Department of Financial Services of any suspension under this section 6.08.

**6.09 Deferral of Cash Surrender or Withdrawal** – USL may defer payment of any surrender of amounts accumulated in Fixed Account Options if permitted by applicable law. Deferral shall not exceed six months from the receipt of written notice at the Administrative Service Office in good order. Interest shall be paid if payment is deferred for ten days or more after the date on which the surrender notice was received by USL on fully and accurately completed forms and/or instructions, including any necessary documentation We may require, applicable to any given request from a Participant received at Our Administrative Service Center. Interest will be credited at the rate then currently being credited in the applicable Fixed Account Options.

**6.10 Proof of Survival** – We reserve the right to require reasonable proof that the Participant and any payee is alive on the date any benefit payment is due. If this proof is not received after requested in writing, We will have the right to make reduced payments or to withhold payments entirely until such reasonable proof is received. Such proof will only be required no more frequently than annually or if We have reasonable suspicion a Participant or a payee is deceased.

**6.11 Substitution of Investment Fund Shares** – If shares of a particular Investment Fund are not available or if, in the judgment of USL, such shares are no longer appropriate for a Variable Investment Option, shares of another Investment Fund may be substituted for the Investment Fund shares already held under the Variable Investment Options and for those to be purchased by future Purchase Payments or transfers under this Contract. In the event any substitution occurs, USL will notify the Contract Owner in advance of the substitution.

**6.12 Minimum Benefit** – The paid up annuity, cash surrender or death payment available under this Contract will not be less than the minimum benefits required by any statute of the state in which the Contract is delivered.

**6.13 Separate Account** – Amounts allocated by Us to a Separate Account shall be owned by Us. The Separate Account assets shall be Our property. All of the assets of the Separate Account are not chargeable with liabilities arising out of any other business of USL, provided that the portion of assets of the Separate

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Account not chargeable with liabilities arising out of any other business of USL shall not exceed the following: (a) the assets purchased with considerations allocated to the Separate Account by the Contract Owner or Participant certificate holder; minus (b) any benefits paid from such assets; minus (c) any charges taken from such assets under the terms of the Contract or a Participant certificate; minus (d) any Contract Owner or Participant certificate holder initiated transfers of such assets out of the Separate Account; plus (e) the net investment returns earned on the net amount of such assets.

**6.14 Merger or Closure of One or More Investment Funds** – The following provisions will apply in the event of closure of or changes to the Short Term Fixed Account and the Fixed Account Plus or to one or more of the Investment Funds underlying the Variable Investment Options in the Separate Account described in Section 3.02:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Short Term Fixed Account and/or the Fixed Account Plus, or an Investment Fund, is closed to new Purchase
Payments and/or new transfers, and absent alternate directions from You, amounts that otherwise would have been deposited into the closed Fixed Account Option(s) will be invested in a money market fund Variable Investment Option, if available, or
otherwise, in the Short Term Fixed Account, and with respect to a closed Variable Investment Option(s), amounts that otherwise would have been deposited into the closed Variable Investment Option will be invested in such other Investment Option(s),
as consistent with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a change is made to one or more of the underlying Investment Funds, through a merger or other fund action,
upon official notification of such fund action(s) the Company will make reasonable efforts to provide advance notice to the Plan of any relevant changes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If an Investment Fund then available in the Plan ("Merged Fund") is to be merged with and into an
Investment Fund that is not available in the Plan ("Surviving Fund"): (i) the Plan may direct assets in the Investment Option invested in the Merged Fund, and any future contributions that would be allocated to such Variable Investment
Option, to another Variable Investment Option available in the Contract; or (ii) if prior to the effective date of a fund merger, a Plan has not provided to the Company any directions under section 6.14(b) or Section 6.14(c)(i), then: (x),
the Contract shall default to inclusion of the Variable Investment Option invested in the Surviving Fund, (y) Plan assets in the Variable Investment Option invested in the Merged Fund shall be allocated to the Variable Investment Option
invested in the Surviving Fund upon the effective date(s) of the fund merger, and (z) contribution instructions directing allocations to the Variable Investment Option invested in the Merged Fund at the effective date of the merger shall be
redirected to the Variable Investment Option invested in the Surviving Fund following the effective date(s) of the fund merger, until or unless alternate direction is provided by or on behalf of the Plan.

**6.15 Termination of the Contract by USL** – USL may suspend this Contract by giving written notice as otherwise provided in this Contract or if it is determined that Purchase Payments do not comply with the requirements of the Code or ERISA. Upon depletion of all the assets under the Contract, the Contract will terminate, and USL will be relieved of all further liability, except with respect to any Annuities purchased on behalf of Participants.

**6.16 Forfeiture** – If the Plan under which this Contract is held includes an account reflecting amounts previously forfeited by Participants pursuant to the Plan's vesting schedule, or other amounts which, consistent with the terms of the Plan, will not be allocated to Participant Accounts (including amounts which may be allocated to such Participant Accounts at a later date), then except as otherwise directed by the Employer or other authorized Plan representative and agreed by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Such amounts shall be maintained in a separate unallocated fixed investment option under the Contract's
fixed investment option with the shortest holding period requirement;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Interest or crediting rates determined with respect to such separate option shall be guaranteed for not less
than one calendar year at a rate that is not less than the minimum rate otherwise guaranteed for the life of the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding any provision of the Contract to the contrary, no restrictions, limitations or charges shall
apply to the allocation of such amounts to Participant Accounts.

**6.17 Distributed Contract** – The Contract Owner may direct the distribution of a fully paid-up Certificate from the Contract Owner's Plan, in which case all rights otherwise reserved in the Certificate to the Contract Owner, the Plan, or an agent of either the Contract Owner or the Plan (other than the limited authority to hold a group annuity contract, if applicable, without exercising rights thereunder) are hereby terminated, and such rights are reserved solely to the Participant.

**6.18 Applicable Law** - This Contract has been delivered to You or a designated representative in the State of New York. This Contract will be construed in accordance with and governed by applicable law of the State of New York.

**6.19 Non-Participating Contract** – This Contract is non-participating and does not share in the profits or surplus of USL.

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**CUSTOMER SERVICE INFORMATION** 

If you have any questions regarding this Contract, please call us at

[1-800-448-2542] or write:

The United States Life Insurance Company in the City of New York

[Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

<sup>©</sup> The United States Life Insurance Company in the City of New York. All rights reserved.

## Ex-99.(D)(7)

**The United States Life Insurance Company in the City of New York (USL)** 

Home Office

[28 Liberty Street, 47<sup>th</sup> floor

New York, New York 10005]

Administrative Service Office

**[**Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

**PARTICIPANT:** [John Doe]

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| | |
|:---|:---|
| **GROUP NUMBER:** [12345] | **DATE OF ISSUE:** [01/01/2025] |
| **PARTICIPANT ACCOUNT NUMBER:** [123A456] | **ANNUITY DATE:** [01/01/2045] |

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This Certificate is issued to the named Participant under the Group Annuity Contract ("Contract"). It contains a summary of Your rights and benefits under the Contract, but it is not a part of the Contract and does not change any of the terms or provisions of the Contract. USL will pay annuity and other benefits as provided in the Contract.

**PLEASE READ YOUR CERTIFICATE CAREFULLY** 

**See Index on Page 2** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Maintenance Charge –** There is no account maintenance charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Separate Account Charge –** There is a daily charge against the Separate Account at an annual rate of
up to 1.25% of the assets of the Variable Investment Options to which assets are allocated. This charge only applies to assets of the Variable Investment Options. See Section 2.06.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Cash Surrender or Withdrawal Charge –** There is no charge at the time of surrender or withdrawal
except as provided in Section 4.02.

The conditions and provisions on the following pages, including any attached Endorsement(s) and/or Rider(s) to the Certificate, are the entire legal contract between USL and the Participant. No agent has the authority to change this Certificate or waive any of its provisions. Only the President or a Vice President of USL may change this Certificate. Any such changes must be in writing. All conditions and provisions are subject to applicable state and federal laws. In the instances of a conflict between the terms of the Contract and the terms of the Certificate, the terms of the Certificate will govern.

**RIGHT TO EXAMINE – If, within 20 days of receipt of this Certificate under the Contract (60 days if the Certificate under this Contract replaced any other life insurance or annuity contract(s) or certificate(s)) You are not satisfied with it, You may return this Certificate to Our Administrative Service Office or to an authorized representative of the Company. The Company will refund the Purchase Payment, including any fees or other charges, or the Accumulation Value, whichever is greater, as of the business day during which We or an authorized representative receives the Certificate under the Contract as of the date the Certificate under the Contract is mailed (post-marked date) to Us. Upon such refund, the Certificate under the Contract shall be void.** 

EXECUTED AT USL'S HOME OFFICE ON THE DATE OF ISSUE

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![LOGO](g934124dsp330.jpg)

ANNUITY PAYMENTS AND SURRENDER VALUES PROVIDED BY THIS CERTIFICATE WHEN BASED ON INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT AND WILL INCREASE OR DECREASE IN VALUE BASED ON INVESTMENT RESULTS.

The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and Assumed Investment Return elected.

**[USL may close the fixed account options provided for in the Contract and this Certificate to new deposits or transfers at any time after the Date of Issue with [ 30 ] days advance written notice (see section 3.01). ]** 

**PARTICIPANT CERTIFICATE** 

**GROUP VARIABLE DEFERRED ANNUITY CONTRACT WITH FIXED FUNDING** 

**NON-PARTICIPATING** 

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**INDEX** 

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| | | |
|:---|:---|:---|
| **Section 1** | **DEFINITIONS** | **[5-6]** |
| **Section 2** | **CONTRACT AND PURCHASE PAYMENTS** | **[6]** |
| 2.01 | Incontestability | [6] |
| 2.02 | Minimum Contract Value | [6] |
| 2.03 | Plan Provisions | [6] |
| 2.04 | Purchase Payments | [6] |
| 2.05 | Maintenance Charge | [6] |
| 2.06 | Separate Account Charge | [6] |
| **Section 3** | **INVESTMENT OPTIONS** | **[6]** |
| 3.01 | Fixed Account Options | [6-7] |
| 3.02 | Variable Investment Options | [7] |
| 3.03 | Accumulation Unit | [7] |
| 3.04 | Accumulation Unit Value | [7-8] |
| 3.05 | Transfers During the Accumulation Period | [8] |
| 3.06 | Transfers During the Annuity Period | [8] |
| **Section 4** | **BENEFITS** | **[8]** |
| 4.01 | Cash Surrender or Withdrawal | [8] |
| 4.02 | Charges for Cash Surrender or Withdrawal | [9] |
| 4.03 | Conditions under which No Surrender or Withdrawal Charges will be deducted | [9] |
| 4.04 | Annuity Period | [10] |
| 4.05 | Starting Annuity Income Benefits | [10] |
| 4.06 | Partial Annuitization/No Commutation | [10] |
| 4.07 | Minimum Annuity Payments | [10] |
| 4.08 | Misstatement of Age | [10] |
| 4.09 | Annuity Income (Payment) Options | [10-11] |
| 4.10 | Fixed or Variable Annuity Basis | [11] |
| 4.11 | Variable Annuity Payments | [11] |
| 4.12 | Assumed Investment Rate (AIR) | [11] |
| 4.13 | Annuity Units and Annuity Unit Value | [11-12] |
| 4.14 | Betterment of Rates | [12] |
| 4.15 | Actuarial Basis of Computation | [12-13] |
| 4.16 | Beneficiaries | [13] |
| 4.17 | Death Payment Provisions | [13-14] |
| **Section 5** | **CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** | **[15]** |
| 5.01 | General | [15] |
| 5.02 | Direct Rollovers | [15] |
| **Section 6** | **GENERAL PROVISIONS** | **[15]** |
| 6.01 | Vesting | [15] |
| 6.02 | Written Notices to Us | [15] |
| 6.03 | Reports | [15] |
| 6.04 | Voting Rights | [15] |
| 6.05 | Suspension of Payments | [16] |
| 6.06 | Deferral of Cash Surrender or Withdrawal | [16] |
| 6.07 | Proof of Survival | [16] |
| 6.08 | Substitution of Investment Fund Shares | [16] |

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6.09 Minimum Benefit [16]

6.10 Separate Account [16]

6.11 Merger or Closure of One or More Investment Options [16-17]

6.12 Termination of the Contract by USL [17]

6.13 Forfeiture [17]

6.14 Distributed Contract [17]

6.15 Applicable Law [17]

6.16 Non-Participating Contract [17]

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**Section 1 – DEFINITIONS** 

**Accumulation Period –** the time between the date of the first Purchase Payment and the Annuity Date, as defined in Section 4.04, for a Participant.

**Accumulation Value –** equals the sum of the values of the Fixed Account Options (including interest) and Variable Investment Options allocated to a Participant Account that have not been applied to provide annuity payments.

**Administrative Service Office –** the address shown on Page 1 of the Contract or this Certificate where all Written Notices to Us regarding the Contract or this Certificate are to be sent.

**Annuitant** – means the person on whose life USL will base payments during the Annuity Period.

**Annuity** – a periodic benefit purchased for a Participant under Section 4.

**Annuity Period** – the time during which USL makes annuity payments.

**Certificate Year** – the twelve month period starting with the issue date of a Participant's Certificate and each anniversary of that date.

**Code** – the Internal Revenue Code of 1986, as amended.

**Company** – "We," "Our," "Us," "Company," or "USL," means The United States Life Insurance Company in the City of New York.

**Contract –** the legal agreement between USL and the Contract Owner, under which this Certificate is issued.

**Contract Owner** – the entity that makes application for the Contract. A reference to "You" or "Your" means the Contract Owner or designated administrator.

**ERISA** – the Employment Retirement Income Security Act of 1974, as amended.

**General Account** – assets of The United States Life Insurance Company in the City of New York other than those in the Separate Account or any other segregated asset account.

**Investment Fund** – an investment portfolio or fund which is the underlying investment medium for a Variable Investment Option.

**Participant** – a person for whom or with respect to whom Purchase Payments are made under the Certificate. Any reference to "You" or "Your" means Participant.

**Participant Account** – an individual account which is established for a Participant to record the Accumulation Value for the Participant.

**Plan** – the employer-sponsored retirement plan, annuity purchase arrangement, or deferred compensation program for which the Contract is issued.

**Purchase Payment** – an amount paid to USL for allocation to a Participant Account.

**SEC** – The U. S. Securities and Exchange Commission.

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**Separate Account** – a segregated asset account established under the New York Insurance Law (known as USL Separate Account RS).

**Surrender Value** – the Accumulation Value of a Participant Account less any applicable surrender charge and excluding any full or partial annuitization.

**Section 2 – CONTRACT AND PURCHASE PAYMENTS** 

**2.01 Incontestability** – This Contract is incontestable.

**2.02 Minimum Contract Value** – We can distribute the Surrender Value if the Accumulation Value for Your account falls below [$300] and there are no Purchase Payments for [two Certificate Years].

**2.03 Plan Provisions** – As further explained in Section 5, the Contract is subject to the provisions of the Plan. To the extent provided by the Plan, any rights that may be exercised by You under the Contract may instead be exercised by the Contract Owner or a Plan representative.

**2.04 Purchase Payments** – Purchase Payments may be made at any time during the Accumulation Period and may include amounts that are rolled over or directly transferred from another plan; however, We reserve the right to limit, refuse or cease accepting Purchase Payments into the Contract or this Certificate, or specific categories of Purchase Payments (e.g., transfers from other plans or from other accounts or investments under the Plan, or transfers or Purchase Payments that are not periodic or that are limited in dollar amount) at any time, with not less than [180] days advance notice of such limitation or cessation. We require no payment beyond the first. There is no penalty if any scheduled payments are omitted or stopped.

If only one Purchase Payment is to be allocated to Your account, it must be at least [$1,000]. Periodic payments must be at least [$30] each. USL may waive this minimum.

We may deduct amounts from Purchase Payments or from the Accumulation Value for applicable premium taxes, if any. We will allocate the net Purchase Payment to one or more Investment Options according to Your directions.

**2.05 Maintenance Charge** – There is no account maintenance charge.

**2.06 Separate Account Charge** – We deduct a daily charge from the Separate Account. The amount of the charge depends on the Variable Investment Options from which it is deducted and is imposed at an annual rate of up to 1.25% of the assets of the Variable Investment Options.

**Section 3 – INVESTMENT OPTIONS** 

We will allocate Purchase Payments to one or more Variable Investment Options and Fixed Account Options ("Investment Options") selected by You on the enrollment form. Each selection must be a whole percentage of Purchase Payments. We reserve the right to limit the number of Investment Options available under the Contract and this Certificate as set forth in Section 3.05(a). The Investment Options available under the Contract and this Certificate will be those selected by the Contract Owner on the application. The Contract Owner may request, from time to time, that We add or substitute Investment Options available from the Separate Account. Any such request will be subject to Our approval and to any other applicable limitations in the Contract.

**3.01 Fixed Account Options** – Fixed Account Options are based on the General Account. Allocations to the Fixed Account Options earn interest as credited daily by USL during the Accumulation Period. The interest credited will be at least the guaranteed minimum interest rate.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The guaranteed minimum interest rate that will be credited to amounts in the Fixed Account Options for a
Participant Account during the Accumulation Period will be shown on the Investment Information Page or an applicable endorsement, if needed, for that Participant Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding subparagraph (a) above, a separate guaranteed minimum interest rate will be used to
determine minimum fixed annuity payments during the Annuity Period. The guaranteed minimum interest rate for fixed annuity payments will be 2% or the Guaranteed Minimum Interest Rate shown on the Investment Information Page for that Participant
Account, if less.

There are two Fixed Account Options: Short Term Fixed Account and Fixed Account Plus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(</u><u>i</u><u>)</u> <u>Short Term Fixed</u> <u>Account</u>. We will credit interest to the Short Term Fixed Account on a portfolio
basis. On the portfolio basis, all amounts accumulated will be credited with the same rate of interest for not less than a calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u> <u>Fixed Account Plus.</u> We will credit interest to the Fixed Account Plus on the following basis:
Periodically, but not less frequently than annually based on a calendar year, We will declare interest rates that apply separately to amounts accumulated in separate time periods. Each such declared interest rate will be the same rate of interest
for not less than a calendar year.

[Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the Investment Options, at any time after the Date of Issue with [30] days advance written notice. USL may make the Fixed Account Options available or close the Fixed Account Options as frequently as it determines at any point in time while the Contract is in force, provided USL gives [30] advance written notice in each case. This right may be exercised where the yield on investments would not support the guaranteed minimum interest rate or where new Purchase Payments or transfers in or among Investment Options do not comply with requirements regarding transfers provided for in this Certificate.]

**3.02 Variable Investment Options** – Variable Investment Options are based upon Investment Funds available within the Separate Account. The Separate Account invests in a number of Investment Funds. Each Investment Fund underlying a Variable Investment Option has a different investment objective. Investment returns on Variable Investment Options may be positive or negative and are not guaranteed.

**3.03 Accumulation Unit** – An Accumulation Unit is a measuring unit for amounts allocated to a Variable Investment Option before annuity payments begin. The value of an Accumulation Unit will vary with the net investment return of the respective underlying Investment Fund. Accumulation Units may be credited to Your account due to a Purchase Payment or a transfer from another Investment Option. The number of Accumulation Units credited to Your account is determined by dividing the dollar amount of the transaction by the Accumulation Unit Value for that Variable Investment Option at the next time it is computed.

**3.04 Accumulation Unit Value** – The Accumulation Unit Value is the value of one Accumulation Unit of a Variable Investment Option. We will calculate it at the end of trading each day the New York Stock Exchange is open, except as described in Section 6.05. The value of an Accumulation Unit of a Variable Investment Option is the Accumulation Unit Value last computed, multiplied by one plus the Investment Rate for the period. The Investment Rate may be positive or negative. The Investment Rate is the change in the value of the Investment Fund's portfolio (capital gains and losses whether or not realized and investment income) since the last computation, divided by the amount of assets at the beginning of the period, less a factor for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Separate Account Charge for the period at the applicable annualized rate up to 1.25%, and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any taxes attributed to the Separate Account or reserve held for such taxes.

**3.05 Transfers During the Accumulation Period** – During the Accumulation Period, You may request transfers by telephone, through the Company's website, or in writing by mail. You may transfer amounts among Investment Options, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) We reserve the right to limit allocations among Investment Options to [twenty] at any one time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) We reserve the right to require transfers to be at least [30] days apart

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Transfers from the Short Term Fixed Account</u>. After a transfer to the Short Term Fixed Account, You may
not make any transfer from the Short Term Fixed Account for [90] days. We may change this transfer restriction at any time. However, the transfer restriction period may not exceed [180] days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Transfers from Fixed Account Plus</u>. You may transfer to other Investment Options up to [20%] of the
Accumulation Value allocated to Fixed Account Plus during each Certificate Year without charge. If multiple transfers are made in a Certificate Year, the percentages of the Accumulation Value transferred each time will be added together to determine
the [20%] transfer limit for that Certificate Year. For each transfer, the percentage transferred is the ratio of the amount transferred to the portion of the Accumulation Value allocated to Fixed Account Plus immediately prior to the transfer.
However, if following a [20%] transfer, the remaining amount allocated to Fixed Account Plus would be less than [$500], You may transfer the remaining amount, without charge.

A withdrawal for the purpose of transfers from Fixed Account Plus to another funding entity (under Section 4.01 of this Certificate) counts as a transfer for purposes of the [20%] transfer limit stated above.

**3.06 Transfers During the Annuity Period** – During the Annuity Period, You may transfer Annuity Unit values among the Variable Investment Options. You may also transfer Annuity Unit values from the Variable Investment Options underlying a Variable Annuity to provide a Fixed Annuity. Transfers must be at least 365 days apart. We will not permit any transfer from a Fixed Annuity during the Annuity Period. Refer to Section 4.13 for the definition of an Annuity Unit.

**Section 4 – BENEFITS** 

**4.01** **Cash Surrender or Withdrawal –** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Cash Surrender</u>. Subject to the restrictions in Section 5.01 You may surrender Your account before
the Annuity Date for a cash payment equal to the Surrender Value as of the date We receive the request at the Administrative Service Office. The Surrender Value is the Accumulation Value less any charges described below, if applicable.

The Surrender Value of the Fixed Account Options will never be less than the amount of all Purchase Payments allocated to the Fixed Account Options, less any amounts transferred to Variable Investment Options or withdrawn.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Withdrawal</u>. Subject to the restrictions in Section 5.01You may withdraw a portion of the
Accumulation Value in cash at any time before the Annuity Date. We may deduct a charge as described below in Section 4.02.

Except as otherwise expressly authorized by a Plan under which this Certificate is held, rights to surrender or withdraw under this Section 4.01, or transfer under Section 4.02, apply to the Participant. If a Plan is authorized to direct such a surrender, withdrawal or transfer, such rights are cumulative of the individual Participant rights under this Section 4.

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**4.02 Charges for Cash Surrender or Withdrawal** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>General</u>. Cash surrender or withdrawal charges under the Contract or certificate will not apply unless
the Participant makes a surrender or withdrawal for transfer to another entity. The charge is 5% of (1) the amount withdrawn, or (2) the amount of any Purchase Payments received during the most recent 60 months prior to the surrender or
withdrawal, whichever is less.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>10% withdrawal in Certificate Year</u>. Subject to the provisions of Sections 4.03 and 4.04, in any
Certificate Year, the Participant may withdraw up to 10% of the Accumulation Value without a charge. The surrender charge will be applicable only to the amount withdrawn that exceeds 10%. The percentage withdrawn will be calculated as the ratio of
the amount withdrawn to the Accumulation Value immediately prior to the withdrawal. If multiple withdrawals are made in a Certificate Year, the percentages withdrawn for each withdrawal will be added together to determine whether the 10% limit has
been exceeded.

Except as otherwise expressly authorized by a Plan under which this Certificate is held, rights to surrender or withdraw under Section 4.01, or transfer under Section 4.02, apply to the Participant. If a Plan is authorized to direct such a surrender, withdrawal or transfer, such rights are cumulative of the individual Participant rights under this Section 4.

**4.03 Conditions under which no surrender or withdrawal charges will be deducted.** We will not deduct charges from a Participant Account under any of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Participant elects an Annuity Income Option; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) After the death of the Participant; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Participant has become totally and permanently disabled. This means that the Participant is unable, because
of physical or mental impairment, to perform the material and substantial duties of any occupation for which the Participant is suited by means of education, training or experience. The impairment must have been in existence for more than 180 days
to qualify for this benefit.

Such impairment must be expected to result in death or be long-standing and indefinite.

We require proof of disability. We will accept a certified Social Security finding of disability or a doctor's verification; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The withdrawal and any earlier withdrawals from the Participant Account during the same Certificate Year do not
exceed 10% of the Accumulation Value (see Section 4.02(b)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Participant is separated from service with the employer that maintains the Plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) No Purchase Payments were made to the Participant Account in the five years preceding the date of the surrender
or withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Participant is at least 59

<sup>1</sup>⁄<sub>2</sub> years old and the Participant Account was established at least five years before the date of the surrender or withdrawal (i.e., sixth Certificate Year or
later); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Participant Account was established at least fifteen years before the date of the surrender or withdrawal
(i.e., sixteenth Certificate Year or later); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Participant is retired from service with the employer that maintains the Plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) To the extent that a withdrawal or surrender is made on account of a hardship under the terms of the
employer's Plan.

We may waive any withdrawal or surrender charge attributable to Purchase Payments received during specific periods of time, and under conditions and limitations set by Us. Any such waiver will be made by USL. Notice of the rights to surrender without charge will be mailed to the Contract Owner when such waiver is declared by USL.

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**4.04 Annuity Period** – The Annuity Period begins at the Annuity Date, when Your Accumulation Value is applied under an Annuity Income Option. You may change the Annuity Date shown on the first page of Your Certificate by giving Us at least 30 days' notice. The selected Annuity Date may be the first day of any calendar month, but if You choose a life income option, the Annuity Date may not precede Your [50<sup>th</sup> ] birthday without Our permission unless otherwise required under the Plan, if any.

**4.05 Starting Annuity Income Benefits** – At least 30 days in advance of the Annuity Date, the Participant must choose one of the Annuity Income Options in Section 4.09 and provide reasonable proof of age for any person whose age is taken into account under a life income option. If You fail to select another Annuity Income Option, annuity payments will be made on the basis of the Second Option with payments guaranteed for a ten-year period, commencing on the Annuity Date.

**4.06 Partial Annuitization / No Commutation** – You may choose to apply less than the full Accumulation Value under an Annuity Income Option and may choose different Annuity Dates and different Annuity Income Options for different portions of the Accumulation Value. Therefore, the Contract may, at times, be in both an Accumulation Period and an Annuity Period. If You choose to do this, the provisions of the Contract relating to the Accumulation Period and the Annuity Period will be applied as though there were separate Contracts. Full or partial commutations by You are not permitted.

**4.07 Minimum Annuity Payments** – You may not choose any Annuity Income Option if the resulting initial payment would be less than $20 ("Minimum Annuity Payment") or the Accumulation Value is less than $5,000 ("Minimum Accumulation Value"), in each case under either a Fixed Annuity, Variable Annuity or a combination Fixed and Variable Annuity. We reserve the right to convert monthly payments to quarterly, semi-annual, or annual payments so the initial payment will be at least the Minimum Annuity Payment. If an Annuity Income Option is not available due to a Minimum Annuity Payment not being achievable or failure to meet the Minimum Accumulation Value, then USL may cancel the annuity and pay the Accumulation Value of the Certificate to You with no withdrawal charge.

**4.08 Misstatement of Age** – If the annuity payments depend upon an individual's survival and the date of birth of any individual was misstated, We will adjust the remaining payments. The amount remaining to be paid will be the amount that should have been paid with the correct information. We will credit or charge the amount of any underpayment or overpayment against the next succeeding payment or payments, if any remain. We reserve the right to collect any overpayment directly from the payee. Once annuity payments have begun, any underpayments will be made up in one sum including interest at the annual rate of [3]% with the next annuity payment. Overpayments including interest at the annual rate of [3]% will be deducted from the future annuity payments until the total is repaid.

**4.09 Annuity Income (Payment) Options** – You may choose to receive payments under any of the Annuity Income Options below or any other option agreed to by USL. Annuity payments will be made periodically. Any option chosen must comply with applicable state and federal laws and regulations. Available Annuity Income Options may be limited by the Plan, if any.

**FIRST OPTION** – <u>Life Annuity With No Guarantee Period</u> – An income payable during Your life. All payments cease at Your death with no further amounts payable.

**SECOND OPTION** – <u>Life Annuity With Guarantee Period of 5, 10, 15, or 20 years</u> – An income payable during Your life. If, at Your death, We have made payments for fewer than the number of years selected, We will continue payments to the Beneficiary for the remainder of the guarantee period.

**THIRD OPTION** – <u>Life Annuity With Cash or Unit Refund Option</u> – An income Payable during Your life. Payments cease at Your death. However, the Beneficiary may receive an additional payment. For payments on a Fixed Annuity basis, the additional payment, if any, will be the Accumulation Value applied to this option less the total of all prior payments. For payments on a Variable Annuity basis, the additional payment, if any, will be the current value of the number of Annuity Units credited at the Annuity Date less the number of Annuity Units that have been paid. For this purpose, the number of Annuity Units credited equals the

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Accumulation Value applied to this option divided by the Annuity Unit Value at the date used to calculate the first annuity payment.

**FOURTH OPTION** – <u>Joint and Survivor Life Annuity</u> – An income payable during the joint lives of You and a second person and thereafter during the life of the survivor.

**FIFTH OPTION** – <u>Payments for a Designated Period</u> – An income payable for a selected number of years between five and thirty. This option is available for Fixed Annuities only.

For an Annuity Income Option quote, please call Us at the telephone number under Customer Service Information on the last page of this Certificate. If any annuity income payment option with a guarantee period provides for installment payments of the same amount at some ages for different guarantee periods, We will deem an election to have been made for the longest guarantee period, which could have been elected for such age and amount.

**4.10 Fixed or Variable Annuity Basis** – A Fixed Annuity provides benefit payments of a fixed dollar amount. A Variable Annuity provides benefit payments which vary with the investment return of the chosen Variable Investment Options.

You may elect to receive payments under any annuity option as a Fixed Annuity, a Variable Annuity, or a combination Fixed and Variable Annuity. If You make no election, amounts in Fixed Account Options will provide a Fixed Annuity and amounts in Variable Investment Options will provide a Variable Annuity.

**4.11 Variable Annuity Payments** – We will determine the amount of each Variable Annuity payment by multiplying the number of Annuity Units payable by the Annuity Unit Value on the [tenth] day (or the preceding business day if the [tenth day] is not a business day) prior to the payment due date.

We will determine the number of Annuity Units payable at the beginning of the Annuity Period. We will divide the dollar amount of the first payment by the Annuity Unit Value for that Variable Investment Option on the tenth day before the Annuity Date. The number of Annuity Units payable from each Variable Investment Option remains constant unless You transfer a portion of the annuity benefit between the Variable Investment Options or from a Variable Annuity to a Fixed Annuity. However, the dollar amount payable is not fixed and may change from month to month. Neither expenses actually incurred, other than taxes on the investment return, nor mortality actually experienced, shall adversely affect the dollar amount of variable annuity payments after such payments have commenced. The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of the variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and AIR You selected. The Contract's assumed rate of return is based on compounded interest.

**4.12 Assumed Investment Rate (AIR)** – Since the future rate of return on Variable Options is unknown, You must choose an Assumed Investment Rate (AIR). The AIR is the assumed rate of return used to determine the first annuity payment for a Variable Annuity Option, and once the AIR is established, it cannot be changed. Rates of 3%, 3 1/2%, 4 1/2%, 5% or a higher rate may be chosen if permitted by state law and regulations. If no AIR is chosen, the AIR will be 3 <sup>1</sup>⁄<sub>2</sub>%. A higher AIR will result in a higher initial payment. Choice of a lower AIR will result in a lower initial payment. Payments will increase whenever the Investment Rate exceeds the chosen AIR. Payments will decrease whenever the Investment Rate is less than the chosen AIR.

**4.13 Annuity Units and Annuity Unit Value** – An Annuity Unit is a measuring unit We use to determine the amount of the annuity payments to be made. All or a portion of the Accumulation Value is used to purchase a stream of annuity payments represented by a number of Annuity Units payable each period. The value of these Annuity Units represents the benefit amount paid each period.

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For Fixed Annuity options, the number of Annuity Units equals the dollar amount of each payment since the Annuity Unit Value is fixed at $1.00.

For Variable Annuity options, the Annuity Unit Value varies with the investment rate each period. The Annuity Unit Value is the value of one Annuity Unit of an Investment Option.

The value of a Variable Annuity Unit is A multiplied by B multiplied by C (AxBxC).

A = the Annuity Unit Value for the Variable Investment Option at the immediately preceding computation date

B = 1 + the investment rate for the variable fund for the period

C = the applicable AIR Factor from the following table raised to the power of the number of days in the period

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| | |
|:---|:---|
| AIR | AIR Factor |
| 3% | 0.999919 |
| 3<sup>1</sup>⁄<sub>2</sub>% | 0.999906 |
| 4<sup>1</sup>⁄<sub>2</sub>% | 0.999879 |
| 5% | 0.999866 |

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**4.14 Betterment of Rates** – Fixed and Variable Annuity – We will use the applicable current settlement option rates if these will provide higher fixed annuity payments to You, less any applicable premium taxes.

**4.15 Actuarial Basis of Computation –** For all Annuity Income Options, the value We use to determine annuity payments will be the applied portion of the Accumulation Value on the tenth day (or the preceding business day if the tenth day is not a business day) preceding the date of the first annuity payment, less any applicable premium taxes. The actuarial basis for the life Annuity Income Options is the 2012 Individual Annuity Reserving (IAR) Table using the age nearest Your birthday at the time of the first payment is due and if applicable, a designated second person if permitted under the Annuity Income Options in Section 4.09 and the Fixed Account Option minimum guaranteed interest rate in Section 3.01(b). The annuity rates pertaining to the Actuarial Basis of Computation for Annuity Income Options that are payable for Your lifetime will be furnished upon Your request.

For the Fifth Option, the following table demonstrates payments as described with an example of a 1% interest rate.

**DOLLAR AMOUNT REQUIRED TO PURCHASE AN ANNUITY** 

**WITH A FIRST MONTHLY PAYMENT OF $1.00** 

Option 5 – Payment for a Designated Period

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| | | | |
|:---|:---|:---|:---|
|  Years of Payment | Years of Payment | Years of Payment | Years of Payment |
| 5 | $58.51 | 18 | $197.68 |
| 6 | $69.86 | 19 | $207.66 |
| 7 | $81.11 | 20 | $217.54 |
| 8 | $92.24 | 21 | $227.32 |
| 9 | $103.26 | 22 | $237.00 |
| 10 | $114.18 | 23 | $246.59 |
| 11 | $124.98 | 24 | $256.09 |
| 12 | $135.68 | 25 | $265.49 |

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| | | | |
|:---|:---|:---|:---|
| 13 | $146.27 | 26 | $274.79 |
| 14 | $156.76 | 27 | $284.01 |
| 15 | $167.14 | 28 | $293.13 |
| 16 | $177.42 | 29 | $302.17 |
| 17 | $187.60 | 30 | $311.11 |

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**4.16 Beneficiaries –** This Section 4.16 provides for terms relating to a Beneficiary in the event a death occurs during the Accumulation Period or during the Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Definition of a Beneficiary</u>. A Beneficiary is the person or entity You designate to receive any benefits
payable upon Your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Designation of a Beneficiary</u>. During Your lifetime, he or she has the right to designate a Beneficiary
and to change the designation. The change may be made by sending a written request to Our Administrative Service Office. A change in Beneficiary will take effect on the date the request is signed; subject to any actions taken by Us prior to the date
We receive the written change of Beneficiary notice. Your most recent Beneficiary change notice in writing received by Us will replace any prior Beneficiary designations. We are not liable for any payment(s) made by Us before the receipt of such
written change of Beneficiary notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Payments to Beneficiary</u>. Unless otherwise provided in the Beneficiary designation or in 4.17(a) or (b):

1) If any Beneficiary dies prior to You, that Beneficiary's interest will be divided pro rata among the remaining named Beneficiaries.

2) If no Beneficiary survives You, death benefits will be paid to Your estate.

3) If any Beneficiary dies after You, that Beneficiary's interest will pass to his or her Beneficiary or, if none, to his or her estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Simultaneous Death Provision</u>. If We cannot determine whether You or a Beneficiary died first in a common
disaster, We will assume that the Beneficiary died first and make payments on that basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Multiple Beneficiaries</u>. You may designate two or more Beneficiaries to receive separate percentage
interests in the death benefits payable under this Certificate. Each such Beneficiary may separately exercise the rights that a Beneficiary has under the Certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Contingent Beneficiaries</u>. You may designate one or more Contingent Beneficiaries. A Contingent
Beneficiary will receive benefits payable upon Your death if all of the primary Beneficiaries have died prior to You. A Contingent Beneficiary will have all of the same rights as a Beneficiary during the Accumulation Period or an Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Trust or Estate as Beneficiary</u>. Payments to a Beneficiary that is a trust or estate will be made only in
a lump sum or in installments over a period not to exceed five years, to the extent required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Unlocatable</u> <u>Beneficiaries</u>. If after exercise of reasonable diligence We are unable to obtain a
mailing address or other suitable contact information for a designated Beneficiary using methods allowed by and within the period required by applicable state or federal regulations, then, except as otherwise directed by the Contract Owner and in
accordance with the terms of the Plan, if any, or as otherwise required under applicable law, We will deem You to have no designated Beneficiary, and We will pay the proceeds to the Participant's Estate.

**4.17 Death Payment Provisions -** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a) Death During Accumulation Period</u>. If You die during the Accumulation Period, a death benefit is payable. The death benefit is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Accumulation Value of Your Account on the date We receive proof of death in good order, or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. 100% of Adjusted Purchase Payment Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Adjusted Purchase Payment Amount means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. On the issue date of Your Certificate, the Adjusted Purchase Payment Amount shall be the sum of all Purchase
Payments under the certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On any date after the issue date of Your Certificate, the Adjusted Purchase Payment Amount shall be increased
by additional Purchase Payments made to the certificate, and reduced proportionately by all prior Gross Withdrawals as provided in 4.17(a)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Each Gross Withdrawal (meaning, all withdrawals of any kind and associated fees and charges and any portion of
the Accumulation Value that has been applied to an Annuity Income Option) shall result in a proportionate reduction in the Adjusted Purchase Payment Amount, determined by multiplying the Adjusted Purchase Payment Amount, measured immediately prior
to the Gross Withdrawal, by a fraction. Such fraction shall be equal to the Gross Withdrawal divided by the Accumulation Value immediately prior to the Gross Withdrawal.

In the event no Beneficiary or Contingent Beneficiary has been named, or if none of the Beneficiaries survive the Participant, then benefits will be paid as set forth in this Section 4.17(a) consistent with applicable contract or law including the Code and ERISA, and if no such requirements dictate who benefits will be paid to, then to the Participant's estate. The death benefit is payable at any time Your Beneficiary selects and in any form You could have selected under the Contract. If any Beneficiary or Contingent Beneficiary does not select a form of payment of the death benefit, then the death benefit will be paid as set forth in this Section 4.17(a) consistent with applicable law including the Code and ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b) Death During Annuity Period</u>. If You die during the Annuity Period, the amount of the death benefit, if any, will be based on the terms of the Annuity Income Option. Unless You elected the Fourth Option, the Beneficiary may elect to receive the death benefit in one of the following forms:

1) Continuing annuity payments under the terms of Your Annuity Income Option with the right, for Variable Annuities only, to receive the remaining payments in a lump sum at any time thereafter;

2) A lump sum; or

3) Annuity payments under another Annuity Income Option, based on the available lump sum.

The lump sum available under these alternatives is the present value of remaining payments, discounted at the Assumed Investment Rate, and based on the current Annuity Unit Value for 2) and 3), or the value next determined after receipt of the request at USL's Administrative Service Office for 1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c) Investment Options and Other Rights</u>. Until the death benefits have been fully paid, Your Beneficiary will be entitled to exercise all the Investment Options and other rights You can exercise under the Contract. Unpaid death benefits that have not been applied under an Annuity Income Option will have an Accumulation Value determined in the same manner as Your Accumulation Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d) Proof of Death.</u> Proof of death may be made by sending USL a certified copy of the death certificate, a certified copy of a decree of a court of competent jurisdiction as to death, a written statement by an attending physician, or any other proof satisfactory to USL.

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**Section 5 – CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** 

**5.01 General -** 

(a) The Contract Owner may impose limits and/or requirements on the Participant consistent with the terms of the
Plan; however, such Plan provisions do not become part of the Contract. No such Plan provision shall limit a Participant's rights under this Contract, unless the Contract Owner has provided USL with written notification of such provision. In no
event shall any such Plan provision enlarge USL's obligations under the Contract and this Certificate.

(b) Additional Plan-related provisions may be added to Your Certificate by endorsement.

(c) If Your Purchase Payments are made under a voluntary salary reduction agreement as part of a tax-deferred annuity arrangement under Section 403(b) of the Code, there may not be a separate Plan document, in which case the Contract is the Plan.

**5.02 Direct Rollovers** – If any benefit payable under this Certificate constitutes an "eligible rollover distribution" within the meaning of Section 402 of the Code, You have the right to elect to have such distribution paid directly to an "eligible retirement plan" in a transaction designated under the Code as a "direct rollover." Before any eligible rollover distribution is made to You, we will provide You with a written explanation of Your right to make a direct rollover and the tax consequences of making or not making a direct rollover. No surrender, withdrawal, or other benefit distribution that constitutes an eligible rollover distribution will be made to You under this Certificate, unless the Code's requirements applicable to eligible rollover distributions have been satisfied. Except for eligible rollover distributions, We reserve the right to make payments only to You or Your Beneficiary.

**Section 6 – GENERAL PROVISIONS** 

**6.01 Vesting** – Except as may be provided in the Plan, the Code, and ERISA, Your rights under the Contract are fully vested and nonforfeitable. USL Separate Account RS holds all assets for Variable Investment Options for the exclusive benefit of Participants, Beneficiaries, and other holders of annuity contracts.

**6.02 Written Notices to Us** – Except as specifically provided otherwise, any notice of change, election, choice, option or other exercise of right given under the Contract must be in a written request or notice in acceptable form to Us, which is signed and dated by You. Such notice will be deemed effective as of the date of the written request for the change and must be received at Our Administrative Service Center. The change will be subject to action taken by Us before the request is received.

**6.03 Reports** – We will send You a Separate Account financial report twice each year if You have value in any Variable Investment Option. We will send to You, at least annually, a statement showing the dollar value of all investment options, investment performance since the prior statement, and as applicable, the number and value of any Variable Accumulation Units credited to Your account. All statements will be mailed within two months of the date of the information.

**6.04 Voting Rights** – We will hold the voting rights on all shares held in the Separate Account. To the extent of this Contract's participation in the Separate Account through one or more Variable Investment Options, We will vote those shares as instructed. Except as otherwise directed by the Contract Owner and pursuant to the Plan, You, or the Beneficiary, if You have died, will have the voting instruction rights prior to the Annuity Date. The annuity payee will have the voting instruction rights on and after the Annuity Date.

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**6.05 Suspension of Payments** – USL reserves the right to suspend or postpone payments or withdrawals under the Separate Account for any period when: (a) the New York Stock Exchange is closed (other than customary weekend and holiday closings); (b) when trading on the New York Stock Exchange is restricted; (c) when an emergency prevents disposal of or determination of the value of shares of the Variable Account Options is not reasonably practicable; or (d) during any other period when the SEC, by order, so permits for the protection of security holders. The Company will notify the New York State Department of Financial Services of this under this Section 6.05.

**6.06 Deferral of Cash Surrender or Withdrawal** – USL may defer payment of any surrender of amounts accumulated in Fixed Account Options if permitted by applicable law. Deferral shall not exceed six months from the receipt of written notice at the Administrative Service Office in good order. Interest shall be paid if payment is deferred for ten days or more after the date on which the surrender notice was received by USL on fully and accurately completed forms and/or instructions, including any necessary documentation We may require, applicable to any given request from You received at Our Administrative Service Center. Interest will be credited at the rate then currently being credited in the applicable Fixed Account Options.

**6.07 Proof of Survival** – We reserve the right to require reasonable proof that You and any payee is alive on the date any benefit payment is due. If this proof is not received after requested in writing, We will have the right to make reduced payments or to withhold payments entirely until such reasonable proof is received. Such proof will only be required no more frequently than annually or if We have reasonable suspicion You or a payee is deceased.

**6.08 Substitution of Investment Fund Shares** – If shares of a particular Investment Fund are not available or if, in the judgment of USL, such shares are no longer appropriate for a Variable Investment Option, shares of another Investment Fund may be substituted for the Investment Fund shares already held under the Variable Investment Options and for those to be purchased by future Purchase Payments or transfers under this Contract. In the event any substitution occurs, USL will notify the Contract Owner in advance of the substitution.

**6.09 Minimum Benefit** – The paid up annuity, cash surrender or death payment available under this Contract will not be less than the minimum benefits required by any statute of the state in which the Contract is delivered.

**6.10 Separate Account** – Amounts allocated by Us to a Separate Account shall be owned by Us. The Separate Account assets shall be Our property. All of the assets of the Separate Account are not chargeable with liabilities arising out of any other business of USL, provided that the portion of assets of the Separate Account not chargeable with liabilities arising out of any other business of USL shall not exceed the following: (a) the assets purchased with considerations allocated to the Separate Account by the Contract Owner or Participant certificate holder; minus (b) any benefits paid from such assets; minus (c) any charges taken from such assets under the terms of the Contract or a Participant certificate; minus (d) any Contract Owner or Participant certificate holder initiated transfers of such assets out of the Separate Account; plus (e) the net investment returns earned on the net amount of such assets.

**6.11 Merger or Closure of One or More Investment Funds** – The following provisions will apply in the event of closure of or changes to the Short Term Fixed Account and the Fixed Account Plus or to one or more of the Investment Funds underlying the Variable Investment Options in the Separate Account described in Section 3.02:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Short Term Fixed Account and/or the Fixed Account Plus, or an Investment Fund, is closed to new Purchase
Payments and/or new transfers, and absent alternate directions from You, amounts that otherwise would have been deposited into the closed Fixed Account Option(s) will be invested in a money market fund Variable Investment Option, if available, or
otherwise, in the Short Term Fixed Account, and with respect to a closed Variable Investment Option(s), amounts that otherwise would have been deposited into the closed

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Variable Investment Option will be invested in such other Investment Option(s), as consistent with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a change is made to one or more of the underlying Investment Funds, through a merger or other fund action,
upon official notification of such fund action(s) the Company will make reasonable efforts to provide advance notice to the Plan of any relevant changes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If an Investment Fund then available in the Plan ("Merged Fund") is to be merged with and into an
Investment Fund that is not available in the Plan ("Surviving Fund"): (i) the Plan may direct assets in the Investment Option invested in the Merged Fund, and any future contributions that would be allocated to such Variable Investment
Option, to another Variable Investment Option available in the Contract; or (ii) if prior to the effective date of a fund merger, a Plan has not provided to the Company any directions under Section 6.11(b) or Section 6.11(c)(i), then:
(x), the Contract shall default to inclusion of the Variable Investment Option invested in the Surviving Fund, (y) Plan assets in the Variable Investment Option invested in the Merged Fund shall be allocated to the Variable Investment Option
invested in the Surviving Fund upon the effective date(s) of the fund merger, and (z) contribution instructions directing allocations to the Variable Investment Option invested in the Merged Fund at the effective date of the merger shall be
redirected to the Variable Investment Option invested in the Surviving Fund following the effective date(s) of the fund merger, until or unless alternate direction is provided by or on behalf of the Plan.

**6.12 Termination of the Contract by USL** – USL may suspend the Contract by giving written notice as otherwise provided in the Contract or if it is determined that Purchase Payments do not comply with the requirements of the Code or ERISA. Upon depletion of all the assets under the Contract, the Contract will terminate, and USL will be relieved of all further liability, except with respect to any Annuities purchased on behalf of Participants.

**6.13 Forfeiture** – If contributions under the Plan under which the Contract is held are subject to a vesting schedule, the Participant's Account Value may be reduced by such non-vested amounts upon termination of employment as specified by the Plan.

**6.14 Distributed Contract** – The Contract Owner may direct the distribution of a fully paid-up Certificate from the Contract Owner's Plan, in which case all rights otherwise reserved in the Certificate to the Contract Owner, the Plan, or an agent of either the Contract Owner or the Plan (other than the limited authority to hold a group annuity contract, if applicable, without exercising rights thereunder) are hereby terminated, and such rights are reserved solely to You.

**6.15 Applicable Law** – This Certificate has been delivered to You or a designated representative in the State of New York. This Certificate will be construed in accordance with and governed by applicable law of the State of New York.

**6.16 Non-Participating Contract** – The Contract is non-participating and does not share in the profits or surplus of USL.

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**CUSTOMER SERVICE INFORMATION** 

If you have any questions regarding this Certificate, please call us at

[1-800-448-2542] or write:

The United States Life Insurance Company in the City of New York

[Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

<sup>©</sup> The United States Life Insurance Company in the City of New York. All rights reserved.

## Ex-99.(D)(8)

**The United States Life Insurance Company in the City of New York (USL)** 

Home Office

[28 Liberty Street, 47<sup>th</sup> floor

New York, New York 10005]

Administrative Service Office:

**[**Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

**CONTRACT OWNER:** [XYZ Company]

**CONTRACT NUMBER:** [123ABC] **DATE OF ISSUE**: [01/01/2025]

In return for Purchase Payment(s), USL will pay annuity and other benefits as provided in this Contract.

**PLEASE READ YOUR CONTRACT CAREFULLY** 

**See Index on the following pages** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Maintenance Charge –** There is no account maintenance charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Separate Account Charge –** There is a daily charge against the Separate Account at an annual rate of
up to 1.25% of the assets of the Variable Investment Options to which assets are allocated. This charge only applies to assets of the Variable Investment Options. See Section 2.06.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Cash Surrender or Withdrawal Charge –** There is no charge at the time of surrender or withdrawal
except as provided in Section 4.02.

The conditions and provisions on this and the following pages, including any attached Endorsement(s) and/or Rider(s), are the entire legal Contract between USL and the Contract Owner. No agent has the authority to change this Contract or waive any of its provisions. Only the President or a Vice President of USL may change this Contract. Any such changes must be in writing. All conditions and provisions are subject to applicable state and federal laws.

**RIGHT TO EXAMINE – If, within 20 days of receipt of this Contract or a certificate under this Contract (60 days if the Contract or a certificate under this Contract replaced any other life insurance or annuity contract(s) or certificate(s)) You are not satisfied with it, You may return this Contract to Our Administrative Service Office or to an authorized representative of the Company. The Company will refund the Purchase Payment, including any fees or other charges, or the Accumulation Value, whichever is greater, as of the business day during which We or an authorized representative receives the Contract or a certificate under this Contract as of the date the Contract or a certificate under this Contract is mailed (post-marked date) to Us. Upon such refund, the Contract or a certificate under this Contract shall be void.** 

EXECUTED AT USL'S HOME OFFICE ON THE DATE OF ISSUE

![LOGO](g934124dsp405.jpg)

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ANNUITY PAYMENTS AND SURRENDER VALUES PROVIDED BY THIS CONTRACT WHEN BASED ON INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT AND WILL INCREASE OR DECREASE IN VALUE BASED ON INVESTMENT RESULTS.

The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and Assumed Investment Return elected.

**[USL may close the fixed account options provided for in this Contract to new deposits or transfers at any time after the Date of Issue with [ 30 ] days advance written notice (see section 3.01).]** 

**GROUP VARIABLE DEFERRED ANNUITY CONTRACT** 

**WITH FIXED FUNDING** 

**NON-PARTICIPATING** 

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**INDEX** 

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| | | |
|:---|:---|:---|
| **Section 1** | **DEFINITIONS** | **[6-7]** |
| **Section 2** | **CONTRACT AND PURCHASE PAYMENTS** | **[7]** |
| 2.01 | Incontestability | [7] |
| 2.02 | Minimum Contract Value | [7] |
| 2.03 | Plan Provisions | [7] |
| 2.04 | Purchase Payments | [7] |
| 2.05 | Maintenance Charge | [7] |
| 2.06 | Separate Account Charge | [7] |
| **Section 3** | **INVESTMENT OPTIONS** | **[7]** |
| 3.01 | Fixed Account Options | [7-8] |
| 3.02 | Variable Investment Options | [8] |
| 3.03 | Accumulation Unit | [8] |
| 3.04 | Accumulation Unit Value | [8] |
| 3.05 | Transfers During the Accumulation Period | [9] |
| 3.06 | Transfers During the Annuity Period | [9] |
| **Section 4** | **BENEFITS** | **[9]** |
| 4.01 | Cash Surrender or Withdrawal | [9-10] |
| 4.02 | Charges for Cash Surrender or Withdrawal | [10] |
| 4.03 | Conditions under which No Surrender or Withdrawal Charges are deducted | [10-11] |
| 4.04 | Annuity Period | [11] |
| 4.05 | Starting Annuity Income Benefits | [11] |
| 4.06 | Partial Annuitization / No Commutation | [11] |
| 4.07 | Minimum Annuity Payments | [11] |
| 4.08 | Misstatement of Age | [11] |
| 4.09 | Annuity Income (Payment) Options | [11-12] |
| 4.10 | Fixed or Variable Annuity Basis | [12] |
| 4.11 | Variable Annuity Payments | [12] |
| 4.12 | Assumed Investment Rate (AIR) | [12] |
| 4.13 | Annuity Units and Annuity Unit Value | [13] |
| 4.14 | Betterment of Rates | [13] |
| 4.15 | Actuarial Basis of Computation | [13-14] |
| 4.16 | Beneficiaries | [14-15] |
| 4.17 | Death Payment Provisions | [15-16] |
| **Section 5** | **CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** | **[16]** |
| 5.01 | General | [16] |
| 5.02 | Direct Rollovers | [16] |
| 5.03 | Plan Provisions | [16] |
| **Section 6** | **GENERAL PROVISIONS** | **[16]** |
| 6.01 | Participant Certificates | [16] |

---

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6.02 Vesting [16]

6.03 Written Notices to Us [16]

6.04 Change of Contract [17]

6.05 Future Participants [17]

6.06 Reports [17]

6.07 Voting Rights [17]

6.08 Suspension of Payments [17]

6.09 Deferral of Cash Surrender or Withdrawal [17]

6.10 Proof of Survival [17]

6.11 Substitution of Investment Fund Shares [17]

6.12 Minimum Benefit [18]

6.13 Separate Account [18]

6.14 Merger or Closure of One or More Investment Options [18]

6.15 Termination of the Contract by USL [18]

6.16 Forfeiture [18-19]

6.17 Distributed Contract [19]

6.18 Applicable Law [19]

6.19 Non-Participating Contract [19]

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**Section 1 – DEFINITIONS** 

**Accumulation Period –** the time between the date of the first Purchase Payment and the Annuity Date, as defined in Section 4.04, for a Participant.

**Accumulation Value –** equals the sum of the values of the Fixed Account Options (including interest) and Variable Investment Options allocated to a Participant Account that have not been applied to provide annuity payments.

**Administrative Service Office –** the address shown on Page 1 of this Contract or a certificate where all Written Notices to Us regarding this Contract or a certificate are to be sent.

**Annuitant** – means the person on whose life USL will base payments during the Annuity Period.

**Annuity** – a periodic benefit purchased for a Participant under Section 4.

**Annuity Period** – the time during which USL makes annuity payments.

**Certificate Year** – the twelve month period starting with the issue date of a Participant's certificate and each anniversary of that date.

**Code** – the Internal Revenue Code of 1986, as amended.

**Company** – "We," "Our," "Us," "Company," or "USL," means The United States Life Insurance Company in the City of New York.

**Contract Owner** – the entity that makes application for the Contract. A reference to "You" or "Your" means the Contract Owner or designated administrator.

**ERISA** – the Employment Retirement Income Security Act of 1974, as amended.

**General Account** – assets of USL other than those in the Separate Account or any other segregated asset account.

**Investment Fund** – an investment portfolio or fund which is the underlying investment medium for a Variable Investment Option.

**Participant** – a person for whom or with respect to whom Purchase Payments are made under the Contract.

**Participant Account** – an individual account which is established for a Participant to record the Accumulation Value for the Participant.

**Plan** – the employer-sponsored retirement plan, annuity purchase arrangement, or deferred compensation program for which this Contract is issued.

**Purchase Payment** – an amount paid to USL for allocation to a Participant Account.

**SEC** – The U. S. Securities and Exchange Commission.

**Separate Account** – a segregated asset account established under the New York Insurance Law (known as USL Separate Account RS).

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**Surrender Value** – the Accumulation Value of a Participant Account less any applicable surrender charge and excluding any full or partial annuitization.

**Section 2 – CONTRACT AND PURCHASE PAYMENTS** 

**2.01 Incontestability** – This Contract is incontestable.

**2.02 Minimum Contract Value** – We can distribute the Surrender Value if the Accumulation Value for the Participant Account falls below [$300] and there are no Purchase Payments for [two Certificate Years].

**2.03 Plan Provisions** – As further explained in Section 5, this Contract is subject to the provisions of the Plan. To the extent provided by the Plan, any rights that may be exercised by a Participant under this Contract may instead be exercised by the Contract Owner or a Plan representative.

**2.04 Purchase Payments** – Purchase Payments may be made at any time during the Accumulation Period and may include amounts that are rolled over or directly transferred from another plan; however, We reserve the right to limit, refuse or cease accepting Purchase Payments into the Contract, or specific categories of Purchase Payments (e.g., transfers from other plans or from other accounts or investments under the Plan, or transfers or Purchase Payments that are not periodic or that are limited in dollar amount) at any time, with not less than [180] days advance notice of such limitation or cessation. We require no payment beyond the first. There is no penalty if any scheduled payments are omitted or stopped.

If only one Purchase Payment is to be allocated to a Participant's Account, it must be at least [$1,000]. Periodic payments must be at least [$30] each. USL may waive this minimum.

We may deduct amounts from Purchase Payments or from the Accumulation Value for applicable premium taxes, if any. We will allocate the net Purchase Payment to one or more Investment Options according to the Participant's directions unless the Contract Owner has retained that right under the Plan.

**2.05** **Maintenance Charge** – There is no account maintenance charge.

**2.06 Separate Account Charge** – We deduct a daily charge from the Separate Account. The amount of the charge depends on the Variable Investment Options from which it is deducted and is imposed at an annual rate of up to 1.25% of the assets of the Variable Investment Options.

**Section 3 – INVESTMENT OPTIONS** 

We will allocate Purchase Payments to one or more Variable Investment Options and Fixed Account Options ("Investment Options") selected by the Participant. Each selection must be a whole percentage of Purchase Payments. We reserve the right to limit the number of Investment Options available under the Contract as set forth in Section 3.05(a). The Investment Options available under the Contract will be those selected by the Contract Owner on the application. The Contract Owner may request, from time to time, that We add or substitute Investment Options available from the Separate Account. Any such request will be subject to Our approval and to any other applicable limitations in the Contract.

**3.01 Fixed Account Options** – Fixed Account Options are based on the General Account. Allocations to the Fixed Account Options earn interest as credited daily by USL during the Accumulation Period. The interest credited will be at least the guaranteed minimum interest rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The guaranteed minimum interest rate that will be credited to amounts in the Fixed Account Options for a
Participant Account during the Accumulation Period will be shown on the Investment Information Page or an applicable endorsement, if needed, for that Participant Account.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding subparagraph (a) above, a separate guaranteed minimum interest rate will be used to
determine minimum fixed annuity payments during the Annuity Period. The guaranteed minimum interest rate for fixed annuity payments will be 2% or the Guaranteed Minimum Interest Rate shown on the Investment Information Page, if less.

There are two Fixed Account Options: Short Term Fixed Account and Fixed Account Plus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u> <u>Short Term Fixed</u> <u>Account</u>. We will credit interest to the Short Term Fixed Account on a portfolio
basis. On the portfolio basis, all amounts accumulated will be credited with the same rate of interest for not less than a calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u> <u>Fixed Account Plus.</u> We will credit interest to the Fixed Account Plus on the following basis:
Periodically, but not less frequently than annually based on a calendar year, We will declare interest rates that apply separately to amounts accumulated in separate time periods. Each such declared interest rate will be the same rate of interest
for not less than a calendar year.

[Throughout the duration of the Contract, USL may close one or more of the Fixed Account Options to deposits or transfers, and to transfers among the Investment Options, at any time after the Date of Issue with [30] days advance written notice. USL may make the Fixed Account Options available or close the Fixed Account Options as frequently as it determines at any point in time while the Contract is in force, provided USL gives [30] days advance written notice in each case. This right may be exercised where the yield on investments would not support the guaranteed minimum interest rate or where new Purchase Payments or transfers in or among Investment Options do not comply with requirements regarding transfers provided for in this Contract.]

**3.02 Variable Investment Options** – Variable Investment Options are based upon Investment Funds available within the Separate Account. The Separate Account invests in a number of Investment Funds. Each Investment Fund underlying a Variable Investment Option has a different investment objective. Investment returns on Variable Investment Options may be positive or negative and are not guaranteed.

**3.03 Accumulation Unit** – An Accumulation Unit is a measuring unit for amounts allocated to a Variable Investment Option before annuity payments begin. The value of an Accumulation Unit will vary with the net investment return of the respective underlying Investment Fund. Accumulation Units may be credited to the Participant's Account due to a Purchase Payment or a transfer from another Investment Option. The number of Accumulation Units credited to the Participant's Account is determined by dividing the dollar amount of the transaction by the Accumulation Unit Value for that Variable Investment Option at the next time it is computed.

**3.04 Accumulation Unit Value** – The Accumulation Unit Value is the value of one Accumulation Unit of a Variable Investment Option. We will calculate it at the end of trading each day the New York Stock Exchange is open, except as described in Section 6.08. The value of an Accumulation Unit of a Variable Investment Option is the Accumulation Unit Value last computed, multiplied by one plus the Investment Rate for the period. The Investment Rate may be positive or negative. The Investment Rate is the change in the value of the Investment Fund's portfolio (capital gains and losses whether or not realized and investment income) since the last computation, divided by the amount of assets at the beginning of the period, less a factor for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Separate Account Charge for the period at the applicable annualized rate up to 1.25%, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any taxes attributed to the Separate Account or reserve held for such taxes.

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**3.05 Transfers During the Accumulation Period** – During the Accumulation Period, the Participant may request transfers by telephone, through the Company's website, or in writing by mail. The Participant may transfer amounts among Investment Options, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) We reserve the right to limit allocations among Investment Options to [twenty] at any one time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) We reserve the right to require transfers to be at least [30] days apart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Transfers from the Short Term Fixed Account</u>. After a transfer to the Short Term Fixed Account, the
Participant may not make any transfer from the Short Term Fixed Account for [90] days. We may change this transfer restriction at any time. However, the transfer restriction period may not exceed [180] days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Transfers from Fixed Account Plus</u>. The Participant may transfer to other Investment Options up to [20%]
of the Accumulation Value allocated to Fixed Account Plus during each Certificate Year without charge. If multiple transfers are made in a Certificate Year, the percentages of the Accumulation Value transferred each time will be added together to
determine the [20%] transfer limit for that Certificate Year. For each transfer, the percentage transferred is the ratio of the amount transferred to the portion of the Accumulation Value allocated to Fixed Account Plus immediately prior to the
transfer. However, if following a [20%] transfer, the remaining amount allocated to Fixed Account Plus would be less than [$500], the Participant may transfer the remaining amount, without charge.

A withdrawal for the purpose of transfers from Fixed Account Plus to another funding entity (under Section 4.01 of this Contract) counts as a transfer for purposes of the [20%] transfer limit stated above.

**3.06 Transfers During the Annuity Period** – During the Annuity Period, the Participant may transfer Annuity Unit values among the Variable Investment Options. The Participant may also transfer Annuity Unit values from the Variable Investment Options underlying a Variable Annuity to provide a Fixed Annuity. Transfers must be at least 365 days apart. We will not permit any transfer from a Fixed Annuity during the Annuity Period. Refer to Section 4.13for the definition of an Annuity Unit.

**Section 4 – BENEFITS** 

**4.01 Cash Surrender or Withdrawal –** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Cash Surrender</u>. Subject to the restrictions in Sections 5.01 and 5.03, the Participant may surrender the
Participant Account before the Annuity Date for a cash payment equal to the Surrender Value as of the date We receive the request at the Administrative Service Office. The Surrender Value is the Accumulation Value less any charges described below,
if applicable.

The Surrender Value of the Fixed Account Options will never be less than the amount of all Purchase Payments allocated to the Fixed Account Options, less any amounts transferred to Variable Investment Options or withdrawn.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Withdrawal</u>. Subject to the restrictions in Sections 5.01 and 5.03, the Participant may withdraw a
portion of the Accumulation Value in cash at any time before the Annuity Date. We may deduct a charge as described below in section 4.02.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Contract Owner Withdrawal or Surrender</u>. Subject to the restrictions in Section 5.03 and in
accordance with applicable law, the Code and/or ERISA:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Except as otherwise expressly authorized by a Plan under which this Contract is held, rights to surrender or
withdraw under this Section 4.01, or transfer under Section 4.02, apply to the Participant. Plan authority conferred on the Contract Owner, if applicable, which may

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include authority to surrender the Contract, would be applied as an aggregation of individual Participant rights under their respective Certificates; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In the event the Contract Owner withdraws or surrenders pursuant to this Section 4.01(c),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) The Contract Owner and the Company will mutually agree to a date on which Purchase Payments will no longer be
accepted by the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) On behalf of the Participants, the Contract Owner will be permitted to surrender the Contract in accordance
with Section 4.02 with respect to the Variable Investment Options and the Fixed Account Options, as determined in each case by mutual agreement with the Company.

**4.02 Charges for Cash Surrender or Withdrawal** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>General.</u> Cash surrender or withdrawal charges under the Contract or certificate will not apply unless
the Participant makes a surrender or withdrawal for transfer to another funding entity. The charge is 5% of (1) the amount withdrawn, or (2) the amount of any Purchase Payments received during the most recent 60 months prior to the
surrender or withdrawal, whichever is less.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>10% withdrawal in Certificate Year</u>. Subject to the provisions of Sections 4.03 and 4.04, in any
Certificate Year, the Participant may withdraw up to 10% of the Accumulation Value without charge. The surrender charge will be applicable only to the amount withdrawn that exceeds 10%. The percentage withdrawn will be calculated as the ratio of the
amount withdrawn to the Accumulation Value immediately prior to the withdrawal. If multiple withdrawals are made in a Certificate Year, the percentages withdrawn for each withdrawal will be added together to determine whether the 10% limit has been
exceeded.

Except as otherwise expressly authorized by a Plan under which this Contract is held, rights to surrender or withdraw under Section 4.01, or transfer under Section 4.02, apply to the Participant. If a Plan is authorized to direct such a surrender, withdrawal or transfer, such rights are cumulative of the individual Participant rights under this Section 4.

**4.03 Conditions under which no surrender or withdrawal charges will be deducted.** We will not deduct charges from a Participant Account under any of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Participant elects an Annuity Income Option; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) After the death of the Participant; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Participant has become totally and permanently disabled. This means that the Participant is unable, because
of physical or mental impairment, to perform the material and substantial duties of any occupation for which the Participant is suited by means of education, training or experience. The impairment must have been in existence for more than 180 days
to qualify for this benefit.

Such impairment must be expected to result in death or be long-standing and indefinite.

We require proof of disability. We will accept a certified Social Security finding of disability or a doctor's verification; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The withdrawal and any earlier withdrawals from the Participant Account during the same Certificate Year do not
exceed 10% of the Accumulation Value (see Section 4.02(b)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Participant is separated from service with the employer that maintains the Plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) No Purchase Payments were made to the Participant Account in the five years preceding the date of the surrender
or withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Participant is at least 59

<sup>1</sup>⁄<sub>2</sub> years old and the Participant Account was established at least five years before the date of the surrender or withdrawal (i.e., sixth Certificate Year or
later); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Participant Account was established at least fifteen years before the date of the surrender or withdrawal
(i.e., sixteenth Certificate Year or later); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Participant is retired from service with the employer that maintains the Plan; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) To the extent that a withdrawal or surrender is made on account of a hardship under the terms of the
employer's Plan.

We may waive any withdrawal or surrender charge attributable to Purchase Payments received during specific periods of time, under conditions and limitations set by Us. Any such waiver will be made by USL. Notice of the right to surrender without charge will be mailed to the Contract Owner when such waiver is declared by USL.

**4.04 Annuity Period** – The Annuity Period begins at the Annuity Date, when the Participant's Accumulation Value is applied under an Annuity Income Option. The Participant may change the Annuity Date shown on the first page of the Participant Certificate by giving Us at least 30 days' notice. The selected Annuity Date may be the first day of any calendar month, but if the Participant chooses a life income option, the Annuity Date may not precede the Participant's [50<sup>th</sup> ] birthday without Our permission unless otherwise required under the Plan, if any.

**4.05 Starting Annuity Income Benefits** – At least 30 days in advance of the Annuity Date, the Participant must choose one of the Annuity Income Options in Section 4.09 and provide reasonable proof of age for any person whose age is taken into account under a life income option. If the Participant fails to select another Annuity Income Option, annuity payments will be made on the basis of the Second Option with payments guaranteed for a ten-year period, commencing on the Annuity Date.

**4.06 Partial Annuitization / No Commutation** – The Participant may choose to apply less than the full Accumulation Value under an Annuity Income Option and may choose different Annuity Dates and different Annuity Income Options for different portions of the Accumulation Value. Therefore, the Contract may, at times, be in both an Accumulation Period and an Annuity Period. If the Participant chooses to do this, the provisions of the Contract relating to the Accumulation Period and the Annuity Period will be applied as though there were separate Contracts. Full or partial commutations by the Participant are not permitted.

**4.07 Minimum Annuity Payments** – The Participant may not choose any Annuity Income Option if the resulting initial payment would be less than $20 ("Minimum Annuity Payment") or the Accumulation Value is less than $5,000 ("Minimum Accumulation Value"), in each case under either a Fixed Annuity, Variable Annuity or a combination Fixed and Variable Annuity. We reserve the right to convert monthly payments to quarterly, semi-annual, or annual payments so the initial payment will be at least the Minimum Annuity Payment. If an Annuity Income Option is not available due to a Minimum Annuity Payment not being achievable or failure to meet the Minimum Accumulation Value, then USL may cancel the annuity and pay the Accumulation Value of the Certificate to the Participant with no withdrawal charge.

**4.08 Misstatement of Age** – If the annuity payments depend upon an individual's survival and the date of birth of any individual was misstated, We will adjust the remaining payments. The amount remaining to be paid will be the amount that should have been paid with the correct information. We will credit or charge the amount of any underpayment or overpayment against the next succeeding payment or payments, if any remain. We reserve the right to collect any overpayment directly from the payee. Once annuity payments have begun, any underpayments will be made up in one sum including interest at the annual rate of [3]% with the next annuity payment. Overpayments including interest at the annual rate of [3]% will be deducted from the future annuity payments until the total is repaid.

**4.09 Annuity Income (Payment) Options** – The Participant may choose to receive payments under any of the Annuity Income Options below or any other option agreed to by USL. Annuity payments will be made periodically. Any option chosen must comply with applicable state and federal laws and regulations. Available Annuity Income Options may be limited by the Plan, if any.

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**FIRST OPTION** – <u>Life Annuity With No Guarantee Period</u> – An income payable during the Participant's life. All payments cease at the Participant's death with no further amounts payable.

**SECOND OPTION** – <u>Life Annuity With Guarantee Period of 5, 10, 15, or 20 years</u> – An income payable during the Participant's life. If, at the Participant's death, We have made payments for fewer than the number of years selected, We will continue payments to the Beneficiary for the remainder of the guarantee period.

**THIRD OPTION** – <u>Life Annuity With Cash or Unit Refund Option</u> – An income Payable during the Participant's life. Payments cease at the Participant's death. However, the Beneficiary may receive an additional payment. For payments on a Fixed Annuity basis, the additional payment, if any, will be the Accumulation Value applied to this option less the total of all prior payments. For payments on a Variable Annuity basis, the additional payment, if any, will be the current value of the number of Annuity Units credited at the Annuity Date less the number of Annuity Units that have been paid. For this purpose, the number of Annuity Units credited equals the Accumulation Value applied to this option divided by the Annuity Unit Value at the date used to calculate the first annuity payment.

**FOURTH OPTION** – <u>Joint and Survivor Life Annuity</u> – An income payable during the joint lives of the Participant and a second person and thereafter during the life of the survivor.

**FIFTH OPTION** – <u>Payments for a Designated Period</u> – An income payable for a selected number of years between five and thirty. This option is available for Fixed Annuities only.

For an Annuity Income Option quote, please call Us at the telephone number under Customer Service Information on the last page of this Contract or a certificate.

**4.10 Fixed or Variable Annuity Basis** – A Fixed Annuity provides benefit payments of a fixed dollar amount. A Variable Annuity provides benefit payments which vary with the investment return of the chosen Variable Investment Options.

The Participant may elect to receive payments under any annuity option as a Fixed Annuity, a Variable Annuity, or a combination Fixed and Variable Annuity. If the Participant makes no election, amounts in Fixed Account Options will provide a Fixed Annuity and amounts in Variable Investment Options will provide a Variable Annuity.

**4.11 Variable Annuity Payments** – We will determine the amount of each Variable Annuity payment by multiplying the number of Annuity Units payable by the Annuity Unit Value on the [tenth] day (or the preceding business day if the [tenth] day is not a business day) prior to the payment due date.

We will determine the number of Annuity Units payable at the beginning of the Annuity Period. We will divide the dollar amount of the first payment by the Annuity Unit Value for that Variable Investment Option on the tenth day before the Annuity Date. The number of Annuity Units payable from each Variable Investment Option remains constant unless the Participant transfers a portion of the annuity benefit between the Variable Investment Options or from a Variable Annuity to a Fixed Annuity. However, the dollar amount payable is not fixed and may change from month to month. Neither expenses actually incurred, other than taxes on the investment return, nor mortality actually experienced, shall adversely affect the dollar amount of variable annuity payments after such payments have commenced. The smallest annual effective rate of the investment return that would have to be earned on assets of the Separate Account so that the dollar amount of the variable annuity payments will not decrease is 6.25%, compounded daily. The smallest annual rate of investment return may be lower depending on the Separate Account Charge and AIR You selected. The Contract's assumed rate of return is based on compounded interest.

**4.12 Assumed Investment Rate (AIR)** – Since the future rate of return on Variable Options is unknown, the Participant must choose an Assumed Investment Rate (AIR). The AIR is the assumed rate of return used to determine the first annuity payment for a Variable Annuity Option, and once the AIR is established, it cannot be changed. Rates of 3%, 3 1/2%, 4 1/2%, 5% or a higher rate may be chosen if permitted by state law and regulations. If no AIR is chosen, the AIR will be 3 <sup>1</sup>⁄<sub>2</sub>%. A higher AIR will result in a higher initial payment. Choice of a lower AIR will result in a lower initial payment. Payments will increase whenever the

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Investment Rate exceeds the chosen AIR. Payments will decrease whenever the Investment Rate is less than the chosen AIR.

**4.13 Annuity Units and Annuity Unit Value** – An Annuity Unit is a measuring unit We use to determine the amount of the annuity payments to be made. All or a portion of the Accumulation Value is used to purchase a stream of annuity payments represented by a number of Annuity Units payable each period. The value of these Annuity Units represents the benefit amount paid each period.

For Fixed Annuity options, the number of Annuity Units equals the dollar amount of each payment since the Annuity Unit Value is fixed at $1.00.

For Variable Annuity options, the Annuity Unit Value varies with the investment rate each period. The Annuity Unit Value is the value of one Annuity Unit of an Investment Option.

The value of a Variable Annuity Unit is A multiplied by B multiplied by C (AxBxC).

A = the Annuity Unit Value for the Variable Investment Option at the immediately preceding

computation date

B = 1 + the for the variable fund for the period

C = the applicable AIR Factor from the following table raised to the power of the number of days in

the period

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| | |
|:---|:---|
| AIR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIR Factor |
| 3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.999919 |
| 3<sup>1</sup>⁄<sub>2</sub>% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.999906 |
| 4<sup>1</sup>⁄<sub>2</sub>% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.999879 |
| 5% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.999866 |

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**4.14 Betterment of Rates** – Fixed and Variable Annuity – We will use the applicable current settlement option rates if these will provide higher fixed annuity payments to the Participant, less any applicable premium taxes.

**4.15 Actuarial Basis of Computation –** For all Annuity Income Options, the value We use to determine annuity payments will be the applied portion of the Accumulation Value on the tenth day (or the preceding business day if the tenth day is not a business day) preceding the date of the first annuity payment, less any applicable premium taxes. The actuarial basis for the life Annuity Income Options is the 2012 Individual Annuity Reserving (IAR) Table using the age nearest birthday of the Annuitant at the time of the first payment is due and if applicable, a designated second person if permitted under the Annuity Income Options in Section 4.09 and the Fixed Account Option minimum guaranteed interest rate in Section 3.01(b). The annuity rates pertaining to the Actuarial Basis of Computation for Annuity Income Options that are payable for the lifetime of the Annuitant will be furnished upon Your request.

For the Fifth Option, the following table demonstrates payments as described with an example of a 1% interest rate.

**DOLLAR AMOUNT REQUIRED TO PURCHASE AN ANNUITY** 

**WITH A FIRST MONTHLY PAYMENT OF $1.00** 

Option 5 – Payment for a Designated Period

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| | | | |
|:---|:---|:---|:---|
|  Years of Payment | Years of Payment | Years of Payment  | Years of Payment  |
| 5 | $58.51 | 18 | $197.68 |
| 6 | $69.86 | 19 | $207.66 |

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| | | | |
|:---|:---|:---|:---|
| 7 | $81.11 | 20 | $217.54 |
| 8 | $92.24 | 21 | $227.32 |
| 9 | $103.26 | 22 | $237.00 |
| 10 | $114.18 | 23 | $246.59 |
| 11 | $124.98 | 24 | $256.09 |
| 12 | $135.68 | 25 | $265.49 |
| 13 | $146.27 | 26 | $274.79 |
| 14 | $156.76 | 27 | $284.01 |
| 15 | $167.14 | 28 | $293.13 |
| 16 | $177.42 | 29 | $302.17 |
| 17 | $187.60 | 30 | $311.11 |

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**4.16 Beneficiaries –** This Section 4.16 provides for terms relating to a Beneficiary in the event a death occurs during the Accumulation Period or during the Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Definition of a Beneficiary</u>. A Beneficiary is the person or entity the Participant designates to receive
any benefits payable upon the Participant's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Designation of a Beneficiary</u>. During the Participant's lifetime, he or she has the right to
designate a Beneficiary and to change the designation. The change may be made by sending a written request to Our Administrative Service Office. A change in Beneficiary will take effect on the date the request is signed; subject to any actions taken
by Us prior to the date We receive the written change of Beneficiary notice. The Owner's most recent Beneficiary change in writing received by Us will replace any prior Beneficiary designations. We are not liable for any payment(s) made by Us
before the receipt of such written change of Beneficiary notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Payments to Beneficiary</u>. Unless otherwise provided in the Beneficiary designation or in 4.17(a) or (b):

1) If any Beneficiary dies prior to the Participant, that Beneficiary's interest will be divided pro rata among the remaining named Beneficiaries.

2) If no Beneficiary survives the Participant, death benefits will be paid to the Participant's estate.

3) If any Beneficiary dies after the Participant, that Beneficiary's interest will pass to his or her Beneficiary or, if none, to his or her estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Simultaneous Death Provision</u>. If We cannot determine whether the Participant or a Beneficiary died first
in a common disaster, We will assume that the Beneficiary died first and make payments on that basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Multiple Beneficiaries</u>. The Participant may designate two or more Beneficiaries to receive separate
percentage interests in the death benefits payable under this Contract. Each such Beneficiary may separately exercise the rights that a Beneficiary has under this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Contingent Beneficiaries</u>. The Participant may designate one or more Contingent Beneficiaries. A
Contingent Beneficiary will receive benefits payable upon the Participant's death if all of the primary Beneficiaries have died prior to the Participant. A Contingent Beneficiary will have all of the same rights as a Beneficiary during the
Accumulation Period or an Annuity Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Trust or Estate as Beneficiary</u>. Payments to a Beneficiary that is a trust or estate will be made only in
a lump sum or in installments over a period not to exceed five years, to the extent required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Unlocatable Beneficiaries.</u> If after exercise of reasonable diligence We are unable to obtain a mailing
address or other suitable contact information for a designated Beneficiary using methods allowed by and within the period required by applicable

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state or federal regulations, then, except as otherwise directed by the Contract Owner and in accordance with the terms of the Plan, if any, or as otherwise required under applicable law, We will deem the Participant to have no designated Beneficiary, and We will pay the proceeds to the Participant's Estate.

**4.17 Death Payment Provisions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a) Death During Accumulation Period</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If the Participant dies during the Accumulation Period, a death benefit is payable. The death benefit is the
greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Accumulation Value of the Participant's Account on the date We receive proof of death in good order,
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. 100% of Adjusted Purchase Payment Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Adjusted Purchase Payment Amount means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. On the issue date of a Participant's certificate, the Adjusted Purchase Payment Amount shall be the sum of
all Purchase Payments under the certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On any date after the issue date of a Participant's certificate, the Adjusted Purchase Payment Amount
shall be increased by additional Purchase Payments made to the certificate and reduced proportionately by all prior Gross Withdrawals as provided in 4.16(a)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Each Gross Withdrawal (meaning, all withdrawals of any kind and associated fees and charges and any portion of
the Accumulation Value that has been applied to an Annuity Income Option) shall result in a proportionate reduction in the Adjusted Purchase Payment Amount, determined by multiplying the Adjusted Purchase Payment Amount, measured immediately prior
to the Gross Withdrawal, by a fraction. Such fraction shall be equal to the Gross Withdrawal divided by the Accumulation Value immediately prior to the Gross Withdrawal.

In the event no Beneficiary or Contingent Beneficiary has been named, or if none of the Beneficiaries survive the Participant, then benefits will be paid as set forth in this Section 4.17(a) consistent with applicable contract or law including the Code and ERISA, and if no such requirements dictate who benefits will be paid to, then to the Participant's estate. The death benefit is payable at any time the Participant's Beneficiary selects and in any form the Participant could have selected under the Contract. If any Beneficiary or Contingent Beneficiary does not select a form of payment of the death benefit, then the death benefit will be paid as set forth in this Section 4.17(a) consistent with applicable law including the Code and ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b) Death During Annuity Period</u>. If the Participant dies during the Annuity Period, the amount of the death benefit, if any, will be based on the terms of the Annuity Income Option. Unless the Participant elected the Fourth Option, the Beneficiary may elect to receive the death benefit in one of the following forms:

1) Continuing annuity payments under the terms of the Participant's Annuity Income Option with the right, for Variable Annuities only, to receive the remaining payments in a lump sum at any time thereafter;

2) A lump sum; or

3) Annuity payments under another Annuity Income Option, based on the available lump sum and subject to the applicable limitations of the Code and ERISA.

The lump sum available under these alternatives is the present value of remaining payments, discounted at the Assumed Investment Rate, and based on the current Annuity Unit Value for 2) and

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3), or the value next determined after receipt of the request at USL's Administrative Service Office for 1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c) Investment Options and Other Rights</u>. Until the death benefits have been fully paid, the Participant's Beneficiary will be entitled to exercise all the Investment Options and other rights the Participant can exercise under this Contract. Unpaid death benefits that have not been applied under an Annuity Income Option will have an Accumulation Value determined in the same manner as the Participant's Accumulation Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d) Proof of Death.</u> Proof of death may be made by sending USL a certified copy of the death certificate, a certified copy of a decree of a court of competent jurisdiction as to death, a written statement by an attending physician, or any other proof satisfactory to USL.

**Section 5 – CODE REQUIREMENTS AND RETIREMENT PLAN PROVISIONS** 

**5.01 General –** If the Participant's Purchase Payments are made under a voluntary salary reduction agreement as part of a tax-deferred annuity arrangement under Section 403(b) of the Code, there may not be a separate Plan document, in which case the Contract is the Plan.

**5.02 Direct Rollovers** – If any benefit payable under this Contract constitutes an "eligible rollover distribution" within the meaning of Section 402 of the Code, the Participant has the right to elect to have such distribution paid directly to an "eligible retirement plan" in a transaction designated under the Code as a "direct rollover." Before any eligible rollover distribution is made to the Participant, we will provide the Participant with a written explanation of the Participant's right to make a direct rollover and the tax consequences of making or not making a direct rollover. No surrender, withdrawal, or other benefit distribution that constitutes an eligible rollover distribution will be made to the Participant under this Contract, unless the Code's requirements applicable to eligible rollover distributions have been satisfied. Except for eligible rollover distributions, We reserve the right to make payments only to the Participant or the Participant's Beneficiary.

**5.03 Plan Provisions** –The Contract Owner may impose limits and/or requirements on the Participant consistent with the terms of the Plan, however such Plan provisions do not become part of this Contract.

No such Plan provision shall limit a Participant's rights under this Contract, unless the Contract Owner has provided USL with written notification of such provision. In no event shall any such Plan provision enlarge USL's obligations under this Contract.

**Section 6 – GENERAL PROVISIONS** 

**6.01 Participant Certificates** – We will issue certificates to each Participant. Each certificate will set forth the benefits to which the Participant is entitled under the Contract.

**6.02 Vesting** – Except as may be provided in the Plan, the Code and ERISA, the Participant's rights under this Contract are fully vested and nonforfeitable. USL Separate Account RS holds all assets for Variable Investment Options for the exclusive benefit of Participants, Beneficiaries, and other holders of annuity contracts.

**6.03 Written Notices to Us** – Except as specifically provided otherwise, any notice of change, election, choice, option or other exercise of right given under the Contract must be in a written request or notice in acceptable form and content to Us which is signed and dated by a Participant. Such notice will be deemed effective as of the date of the written request for the change and must be received at Our Administrative Service Center. The change will be subject to action taken by Us before the request is received.

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**6.04 Change of Contract** – We may change this Contract to the extent it is required or deemed advisable to do so in order to conform the Contract to applicable law. In addition, upon at least 30 days' written notice from the Contract Owner, We may make other changes to this Contract which will apply only to individuals who become Participants after the effective date of such change. All changes We make will be subject to any applicable regulatory requirements.

**6.05 Future Participants** – We may at our discretion curtail or prohibit new Participants under this Contract upon written notice to the Contract Owner.

**6.06 Reports** – We will send the Participant a Separate Account financial report twice each year if the Participant has values in any Variable Investment Option. We will send to the Participant, at least annually, a statement showing the dollar value of all investment options, investment performance since the prior statement, and as applicable, the number and value of any Variable Accumulation Units credited to the Participant's Account. All statements will be mailed within two months of the date of the information.

**6.07 Voting Rights** – We will hold the voting rights on all shares held in the Separate Account. To the extent of this Contract's participation in the Separate Account through one or more Variable Investment Options, We will vote those shares as instructed. Except as otherwise directed by the Contract Owner and pursuant to the Plan, the Participant, or the Beneficiary, if the Participant has died, will have the voting instruction rights prior to the Annuity Date. The annuity payee will have the voting instruction rights on and after the Annuity Date.

**6.08 Suspension of Payments** – USL reserves the right to suspend or postpone payments or withdrawals under the Separate Account for any period when: (a) the New York Stock Exchange is closed (other than customary weekend and holiday closings); (b) when trading on the New York Stock Exchange is restricted; (c) when an emergency prevents disposal of or determination of the value of shares of the Variable Account Options is not reasonably practicable; or (d) during any other period when the SEC, by order, so permits for the protection of security holders. The Company will notify the New York State Department of Financial Services of any suspension under this Section 6.08.

**6.09 Deferral of Cash Surrender or Withdrawal** – USL may defer payment of any surrender of amounts accumulated in Fixed Account Options if permitted by applicable law. Deferral shall not exceed six months from the receipt of written notice at the Administrative Service Office in good order. Interest shall be paid if payment is deferred for ten days or more after the date on which the surrender notice was received by USL on fully and accurately completed forms and/or instructions, including any necessary documentation We may require, applicable to any given request from a Participant received at Our Administrative Service Center. Interest will be credited at the rate then currently being credited in the applicable Fixed Account Options.

**6.10 Proof of Survival** – We reserve the right to require reasonable proof that the Participant and any payee is alive on the date any benefit payment is due. If this proof is not received after requested in writing, We will have the right to make reduced payments or to withhold payments entirely until such reasonable proof is received. Such proof will only be required no more frequently than annually or if We have reasonable suspicion a Participant or a payee is deceased.

**6.11 Substitution of Investment Fund Shares** – If shares of a particular Investment Fund are not available or if, in the judgment of USL, such shares are no longer appropriate for a Variable Investment Option, shares of another Investment Fund may be substituted for the Investment Fund shares already held under the Variable Investment Options and for those to be purchased by future Purchase Payments or transfers under this Contract. In the event any substitution occurs, USL will notify the Contract Owner in advance of the substitution.

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**6.12 Minimum Benefit** – The paid up annuity, cash surrender or death payment available under this Contract will not be less than the minimum benefits required by any statute of the state in which the Contract is delivered.

**6.13 Separate Account** – Amounts allocated by Us to a Separate Account shall be owned by Us. The Separate Account assets shall be Our property. All of the assets of the Separate Account are not chargeable with liabilities arising out of any business of USL, provided that the portion of assets of the Separate Account not chargeable, with liabilities arising out of any other business of USL shall not exceed the following: (a) the assets purchased with considerations allocated to the Separate Account by the Contract Owner or Participate certificate holder; minus (b) any benefits paid from such assets; minus (c) any charges taken from such assets under the terms of the Contract or a Participate certificate; minus (d) any Contract Owner or Participant certificate holder initiated transfers of such assets out of the Separate Account; plus (e) the net investment returns earned on the net amount of such assets.

**6.14 Merger or Closure of the One or More Investment Funds** – The following provisions will apply in the event of closure of or changes to the Short Term Fixed Account and the Fixed Account Plus or to one or more of the Investment Funds underlying the Variable Investment Options in the Separate Account described in Section 3.02:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Short Term Fixed Account and/or the Fixed Account Plus, or an Investment Fund, is closed to new Purchase
Payments and/or new transfers, and absent alternate directions from You, amounts that otherwise would have been deposited into the closed Fixed Account Option(s) will be invested in a money market fund Variable Investment Option, if available, or
otherwise, in the Short Term Fixed Account, and with respect to a closed Variable Investment Option(s), amounts that otherwise would have been deposited into the closed Variable Investment Option will be invested in such other Investment Option(s),
as consistent with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a change is made to one or more of the underlying Investment Funds, through a merger or other fund action,
upon official notification of such fund action(s) the Company will make reasonable efforts to provide advance notice to the Plan of any relevant changes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If an Investment Fund then available in the Plan ("Merged Fund") is to be merged with and into an
Investment Fund that is not available in the Plan ("Surviving Fund"): (i) the Plan may direct assets in the Investment Option invested in the Merged Fund, and any future contributions that would be allocated to such Variable Investment
Option, to another Variable Investment Option available in the Contract; or (ii) if prior to the effective date of a fund merger, a Plan has not provided to the Company any directions under Section 6.14(b) or Section 6.14(c)(i), then:
(x), the Contract shall default to inclusion of the Variable Investment Option invested in the Surviving Fund, (y) Plan assets in the Variable Investment Option invested in the Merged Fund shall be allocated to the Variable Investment Option
invested in the Surviving Fund upon the effective date(s) of the fund merger, and (z) contribution instructions directing allocations to the Variable Investment Option invested in the Merged Fund at the effective date of the merger shall be
redirected to the Variable Investment Option invested in the Surviving Fund following the effective date(s) of the fund merger, until or unless alternate direction is provided by or on behalf of the Plan.

**6.15 Termination of the Contract by USL** – USL may suspend this Contract by giving written notice as otherwise provided in this Contract or if it is determined that Purchase Payments do not comply with the requirements of the Code or ERISA. Upon depletion of all the assets under the Contract, the Contract will terminate, and USL will be relieved of all further liability, except with respect to any Annuities purchased on behalf of Participants.

**6.16 Forfeiture** – If the Plan under which this Contract is held includes an account reflecting amounts previously forfeited by Participants pursuant to the Plan's vesting schedule, or other amounts which, consistent with the terms of the Plan, will not be allocated to Participant Accounts (including amounts which may be

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allocated to such Participant Accounts at a later date), then except as otherwise directed by the Employer or other authorized Plan representative and agreed by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Such amounts shall be maintained in a separate unallocated fixed investment option under the Contract's
fixed investment option with the shortest holding period requirement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Interest or crediting rates determined with respect to such separate option shall be guaranteed for not less
than one calendar year at a rate that is not less than the minimum rate otherwise guaranteed for the life of the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding any provision of the Contract to the contrary, no restrictions, limitations or charges shall
apply to the allocation of such amounts to Participant Accounts.

**6.17 Distributed Contract** – The Contract Owner may direct the distribution of a fully paid-up Certificate from the Contract Owner's Plan, in which case all rights otherwise reserved in the Certificate to the Contract Owner, the Plan, or an agent of either the Contract Owner or the Plan (other than the limited authority to hold a group annuity contract, if applicable, without exercising rights thereunder) are hereby terminated, and such rights are reserved solely to the Participant.

**6.18 Applicable Law**—This Contract has been delivered to You or a designated representative in the State of New York. This Contract will be construed in accordance with and governed by applicable law of the State of New York.

**6.19 Non-Participating Contract** – This Contract is non-participating and does not share in the profits or surplus of USL.

**CUSTOMER SERVICE INFORMATION** 

If you have any questions regarding this Contract, please call us at

[1-800-448-2542] or write:

The United States Life Insurance Company in the City of New York

[Retirement Services Center, P.O. Box 15648, Amarillo, Texas 79105]

<sup>©</sup> The United States Life Insurance Company in the City of New York. All rights reserved.

## Ex-99.(E)

![LOGO](g934124dsp424.jpg)

The United States Life Insurance Company in the City of New York (USL) [Portfolio Director®] New York Group Deferred Variable Annuity with Fixed Account Options Group Master Application 1. APPLICANT INFORMATION ☐ Employer OR ☐ Other: Name: Tax ID: Address: City: State: ZIP: Plan Administrator Address (if different from above): City: State: ZIP : Phone #: () 2. OWNERSHIP/CONTROL For Deferred Compensation: For other Lines of Business (choose one): [☐ Employer ☐ Trustee ☐ Other: ] 3. TYPE OF PLAN (Choose one) [☐ 403(b) Voluntary Deferred Annuity ☐ 401(a) or 403(a) Employer Retirement Plan ☐ 403(b) State Optional Retirement Plan ☐ 401(a) or 403(a) Self-Employed Retirement Plan ☐ 403(b) Employer Retirement Plan ☐ 401(k) Cash or Deferred Arrangement ☐ Deferred Compensation Plan (choose one): ☐ Private Non-Profit ☐ Other Deferred Compensation Plan: ] If selecting a 403(b) or 401(k) plan, choose Employee Contribution sources: ☐ Pre-Tax ☐ Both Pre-Tax and Roth After-Tax ☐ Other Plan Type: Name of Plan: 4. TYPE OF ORGANIZATION (Choose one) [☐ PS – Public Educational Institution ☐ NP – Non-Profit Organization (choose one, required): ☐ PFP – Private For-Profit Organization ☐ 501(c)(3) – Attach IRS determination letter ☐ Other ☐ SLGOV – State or Local Government ☐ SELF – Self-Employed] Nature of Business: 5. APPLICANT STATEMENTS AND AGREEMENTS A current USL contract prospectus with the Privacy Notice was provided with this application. I acknowledge receipt, either physically or electronically, of the current prospectus with Privacy Notice, which includes the applicable investment options, for this deferred variable annuity and have read it carefully. The contract prospectus provides sales expenses and other data. It is understood that annuity payments (and termination values, if any) provided by the contract applied for are variable and not guaranteed as to dollar amount when based on the investment experience of USL's Separate Account. It is understood and agreed that the investment options under the contract will be limited to those options selected except as otherwise modified by agreement between USL and the Applicant, and will be subject to any other limitations described in the contract. Does the group have any existing life insurance policies, annuity or group contracts☐ ☐ Yes ☐ No Will this group contract replace, discontinue or change any group contract issued by this or any other company☐ ☐ Yes ☐ No I hereby acknowledge that I have read and understand this application form and the Information section. Applicant Signed at Signature: City, State: Applicant Employer Title: Client #: Date: VL40316-NY v0525 Original – USL, Copy – Applicant 1.0 page 1

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![LOGO](g934124dsp425.jpg)

6. FINANCIAL PROFESSIONAL OF RECORD Do you believe the group has any existing life insurance policies, annuity or group contracts☐ ☐ Yes ☐ No Do you have any reason to believe the annuity applied for will replace or change any existing group contract☐ ☐ Yes ☐ No As Agent, have you complied with all State Replacement Regulations and completed all required State Replacement Forms, if applicable☐ ☐ Yes ☐ N/A By signing this form, I represent that I have truly and accurately recorded herein the information provided by the applicant. Agent/Representative State License #: Licensed Agent/Registered Representative (Print Name) Licensed Agent/Registered Representative Signature Date Principal's Signature Date Information CONTRIBUTION PROCESSING STANDARDS In order to facilitate efficient processing of contributions, processing instructions should be provided before or concurrent with the employer contribution remittance. The instructions and remittance should be in balance. We require that contribution processing instructions be provided in one of several approved electronic formats. RECEIPT OF CONTRIBUTIONS PRIOR TO RECEIVING A PARTICIPANT APPLICATION We make every attempt to get complete information for all participants that direct contributions to us. If we receive contributions for a participant before we receive the participant's application or enrollment form, we will establish an account if you, as the plan sponsor, confirm that the remittance is valid and agree to provide minimum information (participant's full name, SSN, date of birth, current address, and marital status) as needed. The contributions will remain in the plan and will be invested in [Goldman Sachs VIT Government Money Market Fund] or as directed by the employer, pending alternative instructions from the participant. Please send completed forms to: Overnight Delivery: [Retirement Services Center [Retirement Services Center P.O. Box 15648 1050 N. Western St. Amarillo, TX 79105-5648] Amarillo, TX 79106-7011] For more complete information about any of the investment options listed on the following page, including fees, charges and expenses, visit [corebridgefinancial.com/retire] or call [1-800-448-2542] for assistance or to request a prospectus in addition to the prospectus which you have already received.

## Ex-99.(H)(1)(I)

**<u>FUND PARTICIPATION AGREEMENT</u>**

THIS AGREEMENT (the "Agreement"), made and entered into as of this <u>17th</u> day of December, 2024 by and among THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, a New York life insurance company (hereinafter the "Company"), on its own behalf and on behalf of the separate accounts listed on Schedule A hereto, each a segregated asset account of the Company (each referred to as an "Account"), and American Beacon Funds, a Massachusetts business trust (hereinafter the "Trust") acting solely on behalf of each of its series listed on Schedule C hereto as such schedule may be amended from time to time (each such series hereinafter referred to as a Fund), and American Beacon Advisors, Inc. (the "Adviser"), the Company, the Trust and the Adviser (collectively, the "Parties").

WITNESSETH:

WHEREAS, THE VARIABLE ANNUITY LIFE INSURANCE COMPANY ("VALIC"), the Trust, and the Adviser entered into a Participation Agreement on March 23, 2012, as amended (the "VALIC FPA");

WHEREAS, the Parties wish to enter into a separate agreement to provide for the purchase and redemption by the Company, on behalf of the Accounts, of shares of Funds of the Trust pursuant to the terms of the Agreement, based on the form of the VALIC FPA previously agreed to among VALIC, the Trust, and the Adviser;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Company, the Trust, and the Adviser hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties hereto adopt and agree to the terms of the VALIC FPA in the form attached hereto as Exhibit A ("Exhibit A"), which for this purpose excludes the signature pages to such VALIC FPA, subject to the changes described below. For avoidance of doubt, this Agreement does not amend, delete or supersede the VALIC FPA or amend, delete or supersede agreement(s), if any, between the Parties with respect to other separate accounts of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For purposes of this Agreement, all references to The Variable Annuity Life Insurance Company or VALIC in Exhibit A are deleted and replaced with The United States Life Insurance Company in the City of New York and all references to the term "Company" in Exhibit A shall be deemed references to The United States Life Insurance Company in the City of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For purposes of this Agreement, the following are added as additional provisions relating to Rule 498 of the 1933 Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Trust on behalf of one or more Funds will provide the Company upon its request with copies of summary
prospectuses and supplements thereto in the same manner and at the same time that the Trust provides the Company with statutory prospectuses.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Company represents and warrants that its use of the summary prospectuses and supplements, its website and
the manner and procedures related to its hosting of the summary prospectuses and supplements on its website will at all times comply with the requirements of Rule 498. The Trust, at its sole cost and expense, shall provide the Company with summary
prospectuses containing the appropriate hyperlinks required by Rule 498 and such other documentation that may be required by Rule 498.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. The Trust may require the Company to terminate the use of the summary prospectuses by providing the Company
with at least one hundred and thirty-five (135) days' prior written notice. The Trust agrees that the Company is not required to distribute the summary prospectuses to its Contract owners and that any use will be in the discretion of the
Company. The Company shall provide the Trust with at least thirty (30) days' prior written notice of its intended use of the summary prospectuses and at least sixty (60) days' prior written notice of its intent to terminate use of the
summary prospectuses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. For purposes of this Agreement, the following are added as additional provisions relating to Rule 30e-1 under the 1940 Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Trust shall be responsible for preparing and providing the materials required by Rule 30e-1(b) under the 1940 Act ("Rule 30e-1") (collectively, the "Required Materials").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Trust shall host and maintain the website specified in paragraph (b)(2)(i) of Rule 30e-1, so that the relevant Required Materials are publicly accessible, free of charge, at that website, in accordance with the conditions set forth in that paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. The Trust shall, at its expense, as the Company may reasonably request from time to time, provide the Company with sufficient paper copies of the then current Required Materials, so that the Company may maintain a supply of such current paper documents sufficient in its reasonable judgment to meet anticipated requests from Contract owners pursuant to Rule 30e-1. Such Company requests shall be fulfilled reasonably promptly, but in no event more than seven (7) business days after the request from the Company is received by the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Alternatively, if requested by the Company in lieu thereof, the Trust or its designee shall provide such electronic or other documentation (including "camera ready" copies of the current Required Materials as set in type, or at the request of the Company, physical data storage in a form suitable to be sent to a financial printer, such as, for example, a USB flash drive or comparable device), and such other assistance as is reasonably necessary to have the then current Required Materials printed for distribution (pursuant to requests from Contract owners; see paragraph (b)(3) of Rule 30e-1, as applicable); the reasonable costs of providing the electronic documentation and of such printing to be borne by the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. For purposes of this Agreement, the following are added as additional provisions relating to Rule 498A under
the 1933 Act ("Rule 498A"):

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Trust shall be responsible for preparing and providing the following "Trust Documents," as
specified in paragraph (j)(1)(iii) of Rule 498A:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Summary Prospectus for the Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Statutory Prospectus for the Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Statement of Additional Information ("SAI") for the Funds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Most Recent Annual and Semi-Annual Reports to Shareholders (under Rule 30e-1) for the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Trust shall provide the Trust Documents specified in Paragraphs 5.A, (b), and (c) above to the Company (or its designee) on a timely basis (to facilitate the required website posting) and provide updated versions as necessary, to facilitate a continuous offering of the Fund's securities and the Contracts. The Trust shall provide the Shareholder Reports specified in Paragraph 5.A4(d) above within 60 days after the close of each of the Fund's reporting periods (in accordance with Rule 30e-1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. The Trust shall provide the Trust Documents to the Company (or its designee) in an electronic format that is suitable for website posting, and in a format, or formats, that comply with the requirements of Rule 498A(h)(2)(i), (h)(2)(ii) and (h)(3).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. The Company shall host and maintain the website specified in paragraph (j)(1)(iii) of Rule 498A, so that the Trust Documents are publicly accessible, free of charge, at that website, in accordance with the conditions set forth in that paragraph, provided that the Trust fulfill their obligations under this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. The Company shall ensure that an Initial Summary Prospectus is used for each currently offered Variable Contract described under the related registration statement, in accordance with paragraph (j)(1)(i) of Rule 498A. The Trust shall ensure that a summary prospectus is used for the Funds, in accordance with paragraph (j)(1)(ii) of Rule 498A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The Trust shall provide such data regarding each Fund's expense ratios and investment performance as the Company shall reasonably request, to facilitate the registration and sale of the Variable Contracts. Without limiting the generality of the foregoing, the Trust shall provide the following Fund expense and performance data on a timely basis to facilitate the Company's preparation of its annually updated registration statements for the Variable Contracts (and as otherwise reasonably requested by the Company), but in no event later than eighty (80) calendar days after the close of each Fund's fiscal year:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. the *gross* "Annual Fund Company Expenses" for each Fund calculated in accordance with Item 3
of Form N-1A, before any expense reimbursements or fee waiver arrangements (and in accordance with (i) Instruction 16 to Item 4 of Form N-4, and
(ii) Instruction 4(a) to Item 4 of Form N-6); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. the *net* "Annual Fund Company Expenses" (aka "Total Annual Fund Operating

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Expenses") for each Fund calculated in accordance with Item 3 of Form N-1A, that <u>include</u> any expense reimbursements or fee waiver arrangements (and in accordance with (i) Instruction 17 to Item 4 of Form N-4 and (ii) Instruction 4 to Item 17 of Form N-4, and (iii) Instruction 4(b) to Item 4 of Form N-6, and (iv) Instruction 4 to Item 18 of Form N-6)), and the period for which the expense reimbursements or fee waiver arrangement is expected to continue and whether it can be terminated by the Trust; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. the "Average Annual Total Returns" for each Fund (before taxes) as calculated pursuant to Item
4(b)(2)(iii) of Form N-1A (for the 1, 5, and 10 year periods, and in accordance with (i) Instruction 7 to Item 17 of Form N-4, and (ii) Instruction 7 to Item
18 of Form N-6)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. For purposes of this Agreement, the following provisions relating to Rule 22c-2 under the Investment Company Act of 1940, as amended, are added:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Definitions. As used in this section of the Agreement relating to Rule 22c-2 under the 1940 Act, the following terms shall have the following meanings, unless a different meaning is clearly required by the contexts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The term "Fund" does not include any "excepted funds" as defined in Rule 22c-2, which includes any: (i) money market fund; (ii) fund that issues securities that are listed on a national exchange; or (iii) fund that affirmatively permits short-term trading of its
securities, if its prospectus clearly and prominently discloses that the fund permits short-term trading of its securities and that such trading may result in additional costs for the fund. The term "Fund" shall also include the
Funds' designee (i.e., principal underwriter or transfer agent).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The term "Fund Policies" means policies established by a Fund for the purpose of eliminating or
reducing any dilution of the value of the outstanding shares issued by the Fund resulting from short-term trading, as described in the applicable Fund's current prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The term "Intermediary" means the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The term "Shares" means the interests of Shareholders corresponding to the redeemable securities of
record issued by a Fund under the 1940 Act that are held through Accounts established by the Intermediary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The term "Shareholders" shall mean those contract or policy owners of the Intermediary that hold an
interest in a Fund, directly or indirectly through Contracts issued by the Intermediary on behalf of the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The term "Shareholder-Initiated Transfer Purchase" means a transaction that is initiated or directed
by a Shareholder that results in a transfer of assets within a Contract to a Fund, but does not include the following: (i) transactions that are

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executed automatically pursuant to a contractual or systematic program or enrollment such as transfer of assets within a Contract to a Fund as a result of "dollar cost averaging" programs, asset allocation programs or any other automatic rebalancing programs; (ii) required transactions pursuant to a Contract living or death benefit; (iii) one-time step-up in Contract value pursuant to a Contract death or living benefit; (iv) transactions that are executed as a result of allocation of assets to a Fund through a Contract as a result of payments such as loan repayments, scheduled contributions, retirement plan salary reduction contributions, or planned premium payments to the Contract; or (v) pre-arranged transfers at the conclusion of a required free look period. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The term "Shareholder-Initiated Transfer Redemption" means a transaction that is initiated or
directed by a Shareholder that results in a transfer of assets within a Contract out of a Fund, but does not include the following: (i) transactions that are executed automatically pursuant to a contractual or systematic program or enrollments
such as transfers of assets within a Contract out of a Fund as a result of annuity payouts, loans, systematic withdrawal programs, asset allocation programs and automatic rebalancing programs; (ii) transactions that are executed as a result of
any deduction of charges or fees under a Contract; (iii) transactions within a Contract out of a Fund as a result of scheduled withdrawals or surrenders from a Contract; (iv) transactions that are executed as a result of payment of a death
benefit from a Contract; or (v) transactions that are executed as a result of minimum distributions required by applicable federal tax law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The term "written" includes electronic and facsimile writings and transmissions and such other means
as the Parties may agree from time-to-time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Agreement to Provide Information. Intermediary agrees to provide the Fund the taxpayer identification number
("TIN"), the Individual/International Taxpayer Identification Number ("ITIN") or other government-issued identifier, (or an equivalent identifying number), as well as the Contract owners number or participant account number
associated with the Shareholder, if known, of any or all Shareholder(s) of the Account, and the amount, date and transaction type (purchase, redemption, transfer, or exchange) of every purchase, redemption, transfer, or exchange of Shares held
through an Account maintained by the Intermediary ("Transaction Information"). It is understood that Intermediary intends to provide the Transaction Information regarding each Fund daily, but a Fund may, from time to time, make a written
request ("Request") regarding a specific Fund or for a specific period in accordance with this Agreement.

Unless otherwise specifically requested by a Fund, Intermediary shall only be required to provide information relating to Shareholder-Initiated Transfer Purchases or Shareholder- Initiated Transfer Redemptions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Period Covered by Request. Any Request must set forth a specific period for which the Transaction Information
is being sought (the "Covered Period"), but the Covered Period shall not include any day that is earlier than 180 days prior to the day Intermediary received the Request. The Fund may request Transaction Information older than 180 days
from the date of the Request as it deems necessary to investigate compliance with Fund

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Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Form and Timing of Response/Indirect Intermediaries. Requests must be in "Good Form." Good Form means
the Request (i) is made using the "Request for Information" form attached as Exhibit B, (ii) includes all the information required by the form, except as noted therein; (iii) is signed by a duly authorized officer of the
Fund; and (iv) is received by Intermediary.

Intermediary agrees to transmit the Transaction Information on its books and records to the Fund promptly, but in any event not later than seven (7) business days, or as otherwise agreed to by the Parties, after receipt of a Request. The format for the Transaction Information provided to the Fund (either daily or as part of a Request) shall be via file transfer protocol (FTP) formal or other agreed upon method.

If requested by a Fund in writing, Intermediary agrees to use best efforts to determine whether any specific Shareholder about whom it has Transaction Information is itself a financial intermediary ("Indirect Intermediary") and, upon further request by a Fund, to promptly either (i) provide (or arrange to have provided) the Transaction Information for those Shareholders who hold an account with an Indirect Intermediary, or (ii) restrict or prohibit the Indirect Intermediary from purchasing, in nominee name on behalf of others, Shares of the Fund. Intermediary additionally agrees to inform the Fund whether it plans to perform (i) or (ii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Limitations on Use of Information. The Fund agrees not to use the information received pursuant to this
Agreement for any purpose other than as necessary to comply with the provisions of the Rule without prior written consent of Intermediary, or for any purpose not permitted under the privacy provisions of Title V of the Gramm-Leach-Bliley Act (Public
Law 106-102) and comparable state laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Agreement to Restrict Trading. Intermediary agrees to execute written instructions from a Fund to restrict or
prohibit further purchases or exchanges of Shares by a Shareholder that has been identified by the Fund as having engaged in transactions of the Fund's Shares (directly or indirectly through the Intermediary's Account) that violate Fund
Policies.

Any such restrictions or prohibitions shall only apply to Shareholder-Initiated Transfer Purchases or Shareholder-Initiated Transfer Redemptions as set forth in Section 2. Intermediary will execute such instructions with respect to the Shareholder, but only for the Contract through which such transactions in the Fund's shares occurred in violation of the Fund's Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. Form of Instructions. Instructions to restrict trading must be in "Good Form." Good Form means that
the instructions (i) are made using the "Instructions to Restrict Trading" form attached at Exhibit C; (ii) include all the information required by the form; (iii) are signed by a duly authorized officer of the Fund; and
(iv) are received by Intermediary. Upon request of the Intermediary, a Fund agrees to provide to the Intermediary, along with the Instructions to Restrict Trading form, information regarding those trades of the

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Contract holder that violated the Fund's Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Timing of Response. Intermediary agrees to execute instructions as soon as reasonably practicable, but not
later than seven (7) business days, or as otherwise agreed to by the Parties, after receipt of the instructions by the Intermediary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. Confirmation by Intermediary. Intermediary will provide written confirmation regarding any instructions
executed on behalf of the Trust pursuant to this Agreement. The confirmation will be provided via FTP format as soon as reasonably practicable, but not later than ten (10) business days, or as otherwise agreed to by the Parties, after the
instructions have been executed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Change of Control

At the time of entering into this Agreement, American International Group ("AIG") has a controlling interest of the parent company of the Company. AIG intends to transfer a "controlling" block of outstanding voting securities of the Company's parent company (the "Divestment") within the meaning of Section 2(a)(4) of the Investment Company Act of 1940 (the "1940 Act") and, as a result, the Company will no longer be a "controlled company" of AIG within the meaning of the 1940 Act. The Trust and Distributor hereby consent to any "assignment" of this Agreement that is deemed to have occurred as a result of the Divestment. Further, the Fund hereby consents to any future assignments that may occur as the result of the sale of a controlling block of securities to a new controlling company, so long as such assignment occurs during the Divestment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. For purposes of this Agreement, the representations and warranties being made by the Company under Article II Section 2.1 of Exhibit A shall reference the State of New York instead of the State of Texas, and all references to "the State of Texas" are deleted and replaced with "the State of New York" in that section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. For purposes of this Agreement, the applicable state law in Article 8 of Exhibit A under which this Agreement shall be construed shall be the laws of the State of New York instead of the laws of the State of Texas, and all references to "the laws of the State of Texas" are deleted and replaced with "the laws of the State of New York" in that section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. For purposes of this Agreement, the notification address for the Company in Article X of Exhibit A is deleted and replaced in its entirety as follows:

If to the Company:

The United States Life Insurance Company in the City of New York

Attn: Johnpaul S. Van Maele

Assistant General Counsel

2919 Allen Parkway, L4-01

Houston, TX 77019

Email: <u>saamcolegal@corebridgefinancial.com</u>

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If to Fund:

American Beacon Funds

220 E. Las Colinas Blvd., Suite1200

Irving, Texas 75039

Attn: Sr. Vice President; Enterprise Operations

With a copy to: General Counsel at the same address

If to Adviser:

American Beacon Advisers, Inc.

220 E. Las Colinas Blvd., Suite1200

Irving, Texas 75039

Attn: Sr. Vice President; Enterprise Operations

With a copy to: General Counsel at the same address

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. For purposes of this Agreement, Schedules A, B, C and D in Exhibit A are deleted and replaced with the Schedules A, B, C and D of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. This Agreement shall be interpreted consistent with the intent of the Parties which is to create a fully separate agreement among the Parties in respect of investment(s) by the Company, on behalf of the Accounts, in shares of Funds of the Trust.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.

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| | |
|:---|:---|
| THE UNITED STATES LIFE INSURANCE COMPANY | THE UNITED STATES LIFE INSURANCE COMPANY |
| IN THE CITY OF NEW YORK,<br> on behalf of itself and on behalf of the Accounts set forth on Schedule A | IN THE CITY OF NEW YORK,<br> on behalf of itself and on behalf of the Accounts set forth on Schedule A |
| By: | ![LOGO](g934124dsp236a.jpg)  |
|  | Name: Barbara Rayll |
|  | Title: Vice President, Business Case |
|  | Development |
| AMERICAN BEACON FUNDS | AMERICAN BEACON FUNDS |
| By: | ![LOGO](g934124dsp199b.jpg)  |
|  | Name: Terri McKinney, |
|  | Title: Vice President |

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| | |
|:---|:---|
|  AMERICAN BEACON ADVISORS, INC. | AMERICAN BEACON ADVISORS, INC. |
|  By: | <br> ![LOGO](g934124g0725013326655.jpg) <br>|
|  | Name: Rebecca Harris, |
|  | Title: Sr. Vice President |

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**EXHIBIT A** 

**EXECUTION COPY** 

**<u>PARTICIPATION AGREEMENT</u>** 

**among** 

**AMERICAN BEACON FUNDS (the "Trust'')** 

**acting solely on behalf of** 

**EACH OF ITS SERIES LISTED ON SCHEDULE C HERETO, severally and not jointly** 

**(each such series a ''Fund")** 

**and** 

**AMERICAN BEACON ADVISORS, INC.** 

and

**THE VARIABLE ANNUITY LIFE INSURANCE COMPANY** 

THIS AGREEMENT, made and entered into as of this 23 day of March, 2012 by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY, (hereinafter the "Company"), organized under the laws of the State of Texas, on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A hereto as such schedule may be amended from time to time (each such account hereinafter referred to as the "Account"), and the AMERICAN BEACON FUNDS, a Massachusetts business trust (hereinafter the "Trust") acting solely on behalf of each of its series listed on Schedule C hereto as such schedule may be amended from time to time (each such series hereinafter referred to as the "Fund'') and AMERICAN BEACON ADVISORS, INC. (hereinafter the "Adviser"), a Delaware corporation.

It is understood and agreed that (a) this document shall constitute a separate agreement between the parties and each Fund in Schedule C hereto, as if each Fund had executed a separate document naming only itself as the Fund (a "Separate Agreement''), and (b) no Fund shall have any liability for the obligations of any other Fund.

WHEREAS, the Fund engages in business as an open-end management investment company and is available to act as the investment vehicle for separate accounts established for variable life insurance policies and variable annuity contracts to be offered by insurance companies which have entered into participation agreements with the Fund and the Adviser (hereinafter "Participating Insurance Companies"); and

WHEREAS, the.Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act") and its shares are registered under the Securities Act of 1933, as amended (hereinafter the "1933 Act"); and

WHEREAS, the Fund intends to offer shares of the series set forth on Schedule C, as may be amended from time *to* time by mutual agreement of the parties hereto; under this Agreement to the Accounts of the Company; and

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**EXECUTION COPY** 

WHEREAS, the Adviser is duly registered as an investment adviser under the Investment Advisers Act of 1940 and any applicable state securities law; and

WHEREAS, the Company has registered or will register certain variable life insurance policies and/or variable annuity contracts under the 1933 Act; and

WHEREAS, each Account is a duly organized, validly existing segregated asset account, established by resolution of the Board of Directors of the Company, on the date shown for such Account on Schedule hereto, to set aside and invest assets attributable to one or more variable life insurance policies and/or variable annuity contracts; and

WHEREAS, the Company has registered or will register each Account as a unit investment trust under the 1940 Act; and

WHEREAS, to the extent permitted by applicable insurance laws and regulations, the Company intends to purchase shares in the Fund at net asset value on behalf of each Account to fund certain of the aforesaid variable life insurance policies and/or variable annuity contracts; and

NOW THEREFORE, in consideration of their mutual promises, the Company and, the Fund agree as follows:

ARTICLE I. <u>Sale of Fund Shares</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 The Fund agrees to make available to the Company those shares of the Fund which each Account orders, executing such purchase and/or redemption orders on a daily basis at the net asset value next computed after receipt by the Fund or its designee of the order for the shares of the Fund. For purposes of this Section 1.1, the Company shall be the designee of the Fund for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 8:00 a.m. Eastern time on the next following Business Day. In placing orders with the Fund, the Company shall net all purchases and redemptions into one order request; the Company will not place two separate orders with the Fund. "Business Day'' shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 The Fund agrees to make its shares available indefinitely for purchase at the applicable net asset value per share by the Company and its Accounts on those days on which the Fund calculates its net asset value pursuant to rules of the SEC and the Fund shall use reasonable efforts to calculate such net asset value on each day which the New York Stock Exchange is open for trading. Notwithstanding the foregoing, the Fund may refuse to offer shares to any person, or suspend or terminate the offering of its shares as authorized in the Fund's current registration statement. To the maximum extent permissible and practicable, notice of election to-suspend or terminate shall be furnished in writing, by the Fund. Absent extraordinary circumstances, said termination would be effective no earlier than ten (10) Business Days after receipt of such notice by the Company in order to give the Company sufficient time to take appropriate steps in response to such suspension or termination.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 The Fund agrees to redeem for cash, on the Company's request, any full or fractional shares of the Fund held by the Company, executing such requests on a daily basis at the net asset value next computed after receipt by the Fund or its designee of the request for redemption. For purposes of this Section 1.3, the Company shall be the designee of the Fund for receipt of requests for redemption from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such request for redemption on the next following Business Day. Proceeds shall be wired to the Company within three (3) Business Days or such longer period permitted by the 1940 Act or the rules, orders or regulations thereunder, and the Fund shall notify the person designated in writing by the Company as the recipient for such notice of such delay by 3:00 p.m. Central time the same Business Day that the Company transmits the redemption order to the Fund. The Parties recognize the impact to the Company and its Contract owners of failing to satisfy redemption requests in cash and recognize that the need to redeem in kind would only occur in extraordinary circumstances. If such a circumstance were to occur, the Fund will use best efforts to satisfy redemption proceeds solely in cash, in accordance with applicable Jaw. Notwithstanding anything to the contrary, the Fund reserves the right to make redemptions in kind if the Board determines extraordinary circumstances require such an election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 The Company agrees to purchase and redeem the shares of the Fund in accordance with the provisions of this Agreement and the Fund's then current prospectus and statement of additional information. In the event of a conflict between this Agreement and the Fund's prospectus or statement of additional information, the Fund's prospectus and statement of additional information shall control. The Company agrees that all net amounts available under the variable life insurance policies and/or variable annuity contracts with the form number(s) which are listed on Schedule B attached hereto and incorporated herein by this reference, as such Schedule B may be amended from time to time hereafter by mutual written agreement of all the parties hereto, (the "Contracts") shall be invested in the Fund, in such other Funds advised by the Adviser as may be mutually agreed to in writing by the parties hereto, in the Company's general account, or in an investment company other than the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5 The Company shall pay for Fund shares on the next Business Day after an order to purchase Fund shares is made in accordance with the provisions of Section I.1 hereof. Payment shall be in federal funds transmitted by wire. For purpose of Section 2.10 and 2.11, upon receipt by the Fund of the federal funds so wired, such funds shall cease to be the responsibility of the Company and shall become the responsibility of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6 Issuance and transfer of the Fund's shares will be by book entry only. Stock certificates will not be issued to the Company or any Account. Shares ordered from the Fund will be recorded in an appropriate title for each Account or the appropriate subaccount of each Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7 The Fund shall furnish same day access (by internet, followed by written confirmation mailed the next business day) to the Company of any income, dividends or capital gain distributions payable on the Fund's shares. Notwithstanding this Section 1.7, the Fund shall utilize its best efforts to provide the Company with at least ten (10) Business Days advance notice of any forthcoming dividend or capital gain distributions. The Company hereby elects to receive all such income dividends and capital gain distributions as are payable on the Fund

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shares in additional shares of the Fund. The Company reserves the right to revoke this election and to receive all such income dividends and capital gain distributions in cash. The Fund shall notify the Company of the number of shares so issued as payment of such dividends and distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8 The Fund shall make its net asset value per share available to the Company on a daily basis as soon as reasonably practical after the net asset value per share is calculated and shall use its best efforts to make such net asset value per share available by 7:00 p.m. Eastern time. Notwithstanding this Section 1.8, the Fund shall provide its net asset value per share to the Company no later than 7:30 p.m. Eastern time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9 If the Fund provides the Company with materially incorrect net asset value information through no fault of the Company, the Company shall be entitled to (1) an adjustment with respect to the Fund shares purchased or redeemed to reflect the correct net asset value per share and (2) reimbursement of expenses incurred by the Company in connection with the Company's responsibility to adjust any Contract owner's account value affected by the materially incorrect net asset value. The determination of materiality of any net asset value pricing error shall be based on the SEC's recommended guidelines regarding such errors. Any material error in the calculation or reporting of net asset value per share; dividend or capital gain information shall be reported promptly upon discovery by the Fund to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10 The Fund shall provide same day access (by internet, followed by written confirmation mailed the next business day following a transaction) to the Company of the amount of shares traded and the associated net asset value total trade amount and the outstanding share balances held in the Account(s) as of the end of each Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.11 The Company agrees that purchases and redemptions of Fund shares offered by lhe then current prospectus and statement of additional information of the Fund shall be made in accordance with the provisions of the prospectus and statement of additional information provided, however, that the Company will apply its frequent trading policy described in and attached as Schedule D to this Agreement to Contract owners investing in the shares of the Fund, as such Schedule may be amended by the Company from time to time.

ARTICLE II. <u>Representations and Warranties</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 The Company represents and warrants that the Contracts are or will be registered under the 1933 Act; that the Contracts will be issued and sold in compliance in all material respects with all applicable federal and state laws and that the sale of the Contracts shall comply in all material respects with state insurance suitability requirements. The Company is responsible for determining the suitability of the Fund and share class for Company's Accounts. The Company further represents and warrants that it is an insurance company duly organized and in good standing under applicable law and that it has legally and validly established each Account prior to any issuance or sale thereof as a segregated asset account under the Insurance Code of the State of Texas and has registered or, prior to any issuance or sale of the Contracts,

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will register each Account as a unit investment trust in accordance with the provisions of the 1940 Act to serve as a segregated investment account for the Contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 The Fund represents and warrants that Fund shares sold pursuant to this Agreement shall be registered under the 1933 Act, duly authorized for issuance and sold in compliance with all applicable federal and state securities laws and that the Fund is and shall remain registered under the 1940 Act. The Fund shall amend the Registration Statement for its shares under the 1933 Act and the 1940 Act from time to time as required in order to effect the continuous offering of its shares. The Fund shall register and qualify the shares for sale in accordance with the laws of the various states only if and to the extent deemed advisable by the Fund or its then current principal underwriter ("Underwriter").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 The Fund represents that, under the terms of its investment advisory agreements with the Adviser, the Adviser is and will be responsible for managing the Fund in compliance with the Fund's investment objectives, policies and restrictions as set forth in the Fund Prospectus. The Fund represents that these objectives, policies and restrictions do and will include operating as a regulated investment company ("RIC") in compliance with Subchapter M of the Code and regulations thereunder. The Fund has adopted and will maintain procedures for ensuring that the Fund is managed in compliance with Subchapter M and regulations thereunder. On request, the Fund shall also provide the Company with such materials, cooperation and assistance as may be reasonably necessary for the Company or any appropriate person designated by the Company to review from time to time the procedures and practices of the Adviser or each sub-investment adviser to the Fund for ensuring that the Fund is managed in compliance with Subchapter M and regulations thereunder. In the event of any noncompliance regarding its status as a RIC, the Fund shall notify the Company immediately and shall pursue those efforts necessary to enable each affected series of the Fund to qualify once again for treatment as a RIC in compliance with Subchapter M, including cooperation in good faith with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 The share class of the Fund listed on Schedule C hereto currently docs not make any payments to finance distribution expenses pursuant to Rule 12b-l under the 1940 Act or otherwise, although it may make such payments in the future. To the extent that share class of the Fund begins to finance distribution expense pursuant to Rule 12b-1, the Fund undertakes to have its Board, a majority of whom are not interested persons of the Fund, formulate and approve any plan for the share class under Rule 12b-1 to finance distribution expenses. The Board has adopted a shareholder service fee for the share class of the Fund listed on Schedule C hereto to cover certain services provided by financial intermediaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 The Fund represents that the Fund's investment policies, fees and expenses are and shall at all time remain in compliance with applicable federal and state laws, and the Fund and the Adviser represent that their respective operations are and shall at all times remain in material compliance with applicable federal and state laws to the extent required to perform this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 The Fund represents that it is lawfully organized and validly existing under the laws of the Commonwealth of Massachusetts and that it does and will comply in all material respects with the 1940 Act.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 The Adviser represents and warrants that it is and shall remain duly registered in all material respects under all applicable federal or state securities laws and that it shall perform its obligations for the Fund in compliance in all material respects any applicable state and federal securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 The Fund and Adviser represent and warrant that all of their directors, officers, employees, and other individuals/entities dealing with the money or securities of the Fund are and shall continue to be at all times covered by a blanket fidelity bond or similar coverage for the benefit of the Fund in an amount not less than the minimal coverage as required currently by Rule 17g-(1) of the 1940 Act or related provisions as may be promulgated from time to time. The aforesaid Bond shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.09 The Company represents and warrants that it will maintain errors and omissions or other professional liability insurance coverage with coverage limits in amounts standard in the industry, covering its activities as contemplated by this Agreement. The Company shall provide any party to this Agreement with evidence of insurance coverage upon request

ARTICLE III. <u>Prospectuses and Proxy Statements: Voting</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 The Adviser shall provide the Company with as many copies of the Fund's current prospectus as the Company may reasonably request. If requested by the Company in lieu thereof, the Fund shall provide camera-ready film containing the Fund's prospectus and Statement of Additional Information, and such other assistance as is reasonably necessary in order for the Company once each year (or more frequently if the prospectus and/or Statement of Additional Information for the Fund is amended during the year) to have the prospectus for the Contracts and the Fund's prospectus printed together in one document, and to have the Statement of Additional Information for the Fund and the Statement of Additional Information for the Contracts printed together in one document. Alternatively, the Company may print the Fund's prospectus and/or its Statement of Additional Information in combination with other Fund companies' prospectuses and statements of additional information or place the Fund's Prospectus and Statement of Additional Information on the Company's internet website or other electronic media. For Fund prospectuses and Statements of Additional Information provided by the Company to its existing owners of Contracts, who are invested in the Fund on or about the date of the Fund's then-current prospectus, in order to update disclosure as required by the 1933 Act and/or the 1940 Act, the cost of printing shall be borne by the Fund. If the Company chooses to receive camera-ready film in lieu of receiving printed copies of the Fund's prospectus, the Fund will reimburse the Company in an amount equal to the product of A and B where A is the number of such prospectuses distributed to owners of the Contracts, and B is the Fund's per unit cost of typesetting and printing the Fund's prospectus. The same procedures shall be followed with respect to the Fund's Statement of Additional Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 The Fund's prospectus shall state that the Statement of Additional Information for the Fund is available from the Adviser or the Fund, at its expense.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 The Fund, at its expense, shall provide the Company with copies of its reports to shareholders, and other communications to shareholders in such quantity as the Company shall reasonably require for distribution to Contract owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 Upon notification of an upcoming proxy mailing, the Company shall provide to the Fund's print/mail vendor a list of plan or participant addresses, as appropriate, as of the requested record date for inclusion in the proxy mailing. Unless otherwise provided in the plan document, participants will be responsible for voting all proxies. Non-routine materials such as prospectus supplements and proxy or information statement materials shall be printed and distributed at the expense of the Fund or an affiliate.

ARTICLE IV. Sales Material and Information

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 The Company shall furnish, or shall cause to be furnished, to the Fund or its designee, each piece of sales literature or other promotional material in which the Fund or the Adviser is named, at least fifteen (15) Business Days prior to *its* use. No such material shall be used if the Fund or its designee object to such use within fifteen (15) Business Days after receipt of such material. The Fund, the Adviser, or the designee of either reserves the right to reasonably object to the continued use of any such sales literature or other promotional material in which the Fund or the Adviser is named, and no such material shall be used if the Fund, the Adviser, or the designee of either so objects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 The Company shall not give any information or make any representations or statements on behalf of the Fund or concerning the Fund in connection with the sale of the Contracts other than the information or representations contained in the registration statement or prospectus for the Fund shares, as such registration statement and prospectus may be amended or supplemented from time to time, or in reports or proxy statements for the Fund, or in sales literature or other promotional material approved by the Fund or its designee or by the Underwriter, except with the permission of the Fund or the Adviser or the designee of either.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 The Fund, the Adviser, or the designee of either shall furnish, or shall cause to be furnished, to the Company or its designee, each piece of sales literature or other promotional material in which the Company or its Account(s), is named at least fifteen (15) Business Days prior to its use. No such material shall be used if the Company or its designee object to such use within fifteen (15) Business Days after receipt of such material. Notwithstanding that the Company did not initially object, the Company reserves the right to object at any time thereafter to the continued use of any such sales literature or other promotional material *in* which the Company *is* named, and no such material shall be used thereafter if the Company so objects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 The Fund and the Adviser shall not give any information or make any representations on behalf of the Company or concerning the Company, each Account, or the Contracts other than the information or representations contained in a registration statement or prospectus for the Contracts, as such registration statement and prospectus may be amended or supplemented from time to time, or in published reports for each Account which are in the public domain or approved by the Company for distribution to Contract owners, or in sales literature or

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other promotional material approved by the Company or its designee, except with the permission of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 The Fund will provide to the Company at least one complete copy of all public registration statements, prospectuses, Statements of Additional Information, reports, proxy statements, sales literature and other promotional materials, applications for exemptions, requests for no-action letters, and notices, orders or responses relating thereto and all supplements and amendments to any of the above, that relate to the Fund or its shares, contemporaneously with the filing of such document with, or the issuance of such documents by, the SEC or other regulatory authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 Upon request, the Company will provide to the Fund at least one complete copy of all registration statements, prospectuses, Statements of Additional Information, reports, solicitations for voting instructions, sales literature and other promotional materials, applications for exemptions, requests for no-action letters, and notices, orders or responses relating thereto and all supplements and amendments to any of the above, that relate to the Contracts or each Account, contemporaneously with the filing of such document with, or the issuance of such documents by, the SEC or other regulatory authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 For purposes of this Article IV, the phrase "sales literature or other promotional material: includes, but is not limited to, advertisements (such as material published, or designed for use in, a newspaper, magazine, or other periodical, radio, television, telephone or tape recording, videotape display, signs or billboards, motion pictures, telephone directories (other than routine listings), electronic or other public media), sales literature (<u>i.e.,</u> any written or electronic communication distributed or made generally available to customers or the public, including brochures, circulars, research reports, market letters, performance reports or summaries, form letters, telemarketing scripts, seminar texts, reprints or excerpts of any other advertisement, sales literature, or published article), educational or training materials or other communications distributed or made generally available to some or all agents or employees, and registration statements, prospectuses, Statements of Additional Information, shareholder reports, and proxy materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 The Fund will provide the Company with as much notice as *is* reasonably practicable of any proxy solicitation for the Fund, and of any material change in the Fund's registration statement or prospectus, particularly any change resulting in a change to the registration statement or prospectus for any Account The Fund will work with the Company so as to enable the Company to solicit proxies from Contract owners, or to make changes to its registration statement and prospectus, *in* an orderly manner. The Fund will make reasonable efforts to attempt to have changes affecting Contract prospectuses become effective simultaneously with the annual updates for such prospectuses.

ARTICLE V. <u>Fees and Expenses</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 The Fund and Adviser shall pay no fee or other compensation to the Company under this Agreement, except that if the Fund adopts and implements a plan pursuant to Rule 12b-1 to finance distribution expenses or a shareholder services fee for the servicing of a participating Fund class' shares, then the Adviser, Fund, or Underwriter, as may be applicable,

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shall make payments to the Company or to the Underwriter as applicable, for the Contracts if and in amounts agreed to by the applicable parties in writing. No Rule 12b-1 payments shall be made directly by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 All expenses incident to performance by the Fund under this Agreement shall be paid by the Fund. The Fund shall be responsible for ensuring that all its shares are registered and authorized for issuance in accordance with applicable federal law and, if and to the extent deemed advisable by the Fund, in accordance with applicable state laws prior to their sale. The Fund shall bear the expenses for the cost of registration and qualification of the Fund's shares, preparation and filing of the Fund's prospectus and registration statement, proxy materials and reports, setting the prospectus in type, setting in type and printing the proxy materials and reports to shareholders (including the costs of printing a prospectus that constitutes an annual report), the preparation of all statements and notices required by any federal or state law, all taxes on the issuance or transfer of the Fund's shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 The Fund shall bear the expense of printing the Fund's prospectus for owners of Contracts, who are invested in the Fund on or about the date of the Fund's then-current prospectus, pursuant to Section 3.1 of this Agreement. The Fund shall also bear the expense of printing the Fund's proxy materials and reports to such Contract owners.

ARTICLE VI. <u>Foreign Tax Credits</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 The Fund agrees to consult in advance with the Company concerning any change to elect or not to elect pursuant to Section 853 of the Code to pass through the benefit of any foreign tax credits to *its* shareholders.

ARTICLE VII. <u>Indemnification</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Indemnification By The Company</u>

7. l(a) The Company agrees to indemnify and hold harmless the Fund and each director of the Board and officers (collectively, the "Indemnified Parties" for purposes of this Section 7.1) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of the Company) or litigation (including reasonable legal and other expenses), to which the Indemnified Parties may become subject under any statute, regulation, at common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses (or actions in respect thereof) or settlements are related to the sale or acquisition of the Fund's shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or are based upon any untrue statements or alleged untrue statements of any material fact
contained in the Registration Statement or prospectus for the Contracts or contained in the Contracts or advertisements or sales literature for the Contracts (or any amendment or supplement to any of the foregoing), or arise out of or are based upon
the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified Party if
such statement or omission or such alleged

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statement or omission was made in reliance upon and in conformity with information furnished to the Company by or on behalf of the Fund for use in the Registration Statement or prospectus for the Contracts or in the Contracts or advertisements or sales literature (or any amendment or supplement) or otherwise for use in connection with the sale of the Contracts or Fund shares; or <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or as a result of statements or representations (other than statements or representations
contained in the Registration Statement, prospectus or sales literature of the Fund not supplied by the Company, or persons under its control) or wrongful conduct of the Company or persons under its control, with respect to the sale or distribution
of the Contracts or Fund Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact contained in a Registration
Statement, prospectus, advertisements or sales literature of the Fund or any amendment thereof or supplement thereto or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein not misleading if such a statement or omission was made in reliance upon information furnished to the Fund by or on behalf of the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise as a result of any failure by the Company to provide the services and furnish the materials under the
terms of this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) arise out of or result from any material breach of any representation or warranty made by the Company in this
Agreement or arise out of or result from any other material breach of this Agreement by the Company, as limited by and in accordance with the provisions of Sections 7.1(b) and 7.1(c) hereof.

7. l(b) The Company shall not be liable under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation incurred or assessed against an Indemnified Party as such may arise from such Indemnified Party's willful misfeasance, bad faith, or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations or duties under this Agreement or to the Fund, whichever is applicable.

7. l(c) The Company shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Company in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure *to* notify the Company of any such claim shall not relieve the Company from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Company shall be entitled to participate, at its own expense, in the defense of such action. The Company also shall be entitled to assume the defense thereof. with counsel satisfactory to the party named in the action. After notice from the Company to such party of the Company's election to assume the defense thereof, the

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Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Company will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

7.1(d) The Indemnified Parties will promptly notify the Company of the commencement of any litigation or proceedings against them in connection with the issuance or sale of the Fund shares or the contracts or the operation of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>[Reserved]</u>

7,3 <u>Indemnification By</u> <u>The Fund</u>

7.3(a) The Fund agrees to indemnify and hold harmless the Company and the principal underwriter for the Contracts and each of their respective directors, trustees, and officers and each person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act (collectively, the indemnified Parties" for purposes of this Section 7.3) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of the Fund) or litigation (including reasonable legal and other expenses) to which the Indemnified Parties may become subject under any statute, at common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses (or actions in respect thereof) or settlements result from the gross negligence, bad faith or willful misconduct of the Board or any member thereof, are related to the operations of the Fund and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise as a result of any failure by the Fund to provide the services and furnish the materials under the terms
of this Agreement (including a failure to qualify as a RIC under Subchapter M of the Code); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained
in the Registration Statement or prospectus or advertisements or sales literature of the Fund (or any amendment or supplement to any of the foregoing), or arise out of or are based upon the omission or the alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified Party if such statement or omission or such alleged statement or
omission was made in reliance upon and in conformity with information furnished to the Adviser or Fund by or on behalf of the Company for use in the Registration Statement or prospectus for the Fund or in sales literature (or any amendment or
supplement) or otherwise for use in connection with the sale of the contracts or Fund shares; or (iii) arise out of or as a result of statements or representations (other than statements or representations contained in the Registration StatementJ
prospectus or sales literature for the Contracts not supplied by the Adviser or persons under its control) or wrongful conduct of the Fund, Adviser or persons under their control, with respect to the sale or distribution of the Contracts or Fund
shares; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise out of any untrue statement or alleged untrue statement of a material fact contained in a Registration
Statement, prospectus, advertisements or sales literature covering the Contracts, or any amendment thereof or supplement thereto, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make
the statement or statements therein not misleading, if such statement or omission was made in reliance upon information furnished to the Company by or on behalf of the Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) arise as a result of the Fund's (or its designated agent's) (i) incorrect calculation of the
daily net asset value, dividend rate or capital gain distribution rate; (ii) incorrect reporting of the daily net asset value, dividend rate or capital gain distribution rate; or (iii) untimely reporting of the net asset value, dividend
rate or capital gain distribution rate. Any gain accruing to the Company attributable to the Fund's (or its designated agent's) incorrect calculation or reporting of the daily net asset value shall be returned to the Fund by the Company
upon receipt of notice from the Fund regarding such incorrect calculation or reporting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) arise out of or result from any material breach of any representations or warranty made by the Fund in this
Agreement or arise out of or result from any other material breach of this Agreement by the Fund;

as limited by and in accordance with the provisions of Sections 7.3(b) and 7.3(c) hereof.

7.3(b) Neither the Fund nor the Adviser shall have any liability under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation incurred or assessed against an Indemnified Party as such may arise from such Indemnified Party's willful misfeasance, bad faith, or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations and duties under this Agreement or to the Company, the Fund, the Adviser or each Account, whichever is applicable.

7.3(c) Neither the Fund nor the Adviser shall have any liability under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Fund in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify the Fund of any such: claim shall not relieve the Fund from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Fund will be entitled to participate, at its own expense, in the defense thereof. The Fund also shall be entitled to assume the defense thereof, with counsel satisfactory to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Fund will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

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**EXECUTION COPY** 

7.3(d) The Company and the Underwriter agree promptly to notify the Fund of the commencement of any litigation or proceedings against it or any of its respective officers, trustees, or directors in connection with this Agreement, the issuance or sale of the Contracts, with respect to the operation of either Account, or the sale or acquisition of shares of the Fund.

7.3(e) The Company and its Indemnified Parties agree to look first to the Fund for the satisfaction of any indemnification. If the insurance coverage and/or assets of the Fund are insufficient to satisfy the indemnification, the Company and its Indemnified Parties may then look to the Adviser for any excess amount.

ARTICLE VIII. <u>Applicable Law</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 This Agreement shall be construed and the provisions hereof interpreted under and in accordance with the laws of the State of Texas without giving effect to conflict of laws. Each party also hereby irrevocably submits to the exclusive jurisdiction of the courts located in the State of Texas in any proceeding arising out of or relating to this agreement, agrees not to commence any suit, action or proceeding relating thereto except in such courts, and waives, to the fullest extent permitted by law, the right to move to dismiss or transfer any action brought in such court on the basis of any objection to personal jurisdiction or venue. Each party hereby irrevocably consents to the service of process in any such proceeding by the mailing of copies of such process to it at its address set forth in Article X hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 This Agreement shall be subject to the provisions of the 1933 Act, 1934 Act and 1940 Act, and the rules and regulations and rulings thereunder, including such exemptions from those statutes, rules and regulations as the SEC may grant and the terms hereof shall be interpreted and construed in accordance therewith.

ARTICLE IX. <u>Termination</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 This Agreement shall continue in full force and effect until the first to occur of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) termination by any party for any reason by one hundred eighty (180) day's advance written notice
delivered to the other parties; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) termination by the Company by written notice to the Fund and the Adviser based upon the Company's
determination that shares of such Fund are not reasonably available to meet the requirements of the Contracts; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) termination by the Company by written notice to the Fund and the Adviser in the event the Fund's shares
are not registered, issued or sold in accordance with applicable state or federal law or such law precludes the use of such shares as the underlying investment media of the Contracts issued or to be issued by the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) termination by the Company by written notice to the Fund and the Adviser in the event that the Fund ceases to
qualify as a RIC under Subchapter M

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**EXECUTION COPY** 

of the Code or under any successor or similar provision, or if the Company reasonably believes that the Fund may fail to do so qualify; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) termination by either the Fund or the Adviser by written notice to the Company, if either one or both of the
Fund or the Adviser respectively, shall determine, in their sole judgment exercised in good faith, that the Company or its affiliated companies has suffered a material adverse change in its business, operations, financial condition or prospects
since . the date of this Agreement or is the subject of material adverse publicity; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) termination by the Company by written notice to the Fund and the Adviser, if the Company shall determine, in
its sole judgment exercised in good faith, that either the Fund or the Adviser has suffered a material adverse change in its business, operations, financial condition or prospects since the date of this Agreement or is the subject of material
adverse publicity; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) termination by any party by written notice upon the institution of formal proceedings against the Company, the
Fund, or the Adviser by the Financial Industry Regulatory Authority ("FINRA"), the SEC or other regulatory body; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) termination by the Company or the Fund by written notice to the other party upon a determination by the
majority of the Fund's Board that a material irreconcilable conflict exists among the interests of (i) all contract owners of all separate accounts or (ii) the interests of the Participating Insurance Companies; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) termination by any party by advance written notice upon the "assignment" of the Agreement (as defined
under the 1940 Act) unless made with the written consent of each party to the Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G) termination by the Company by written notice upon the sale, acquisition or change of control of the Adviser; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) termination by the Company arising from the substitution of Fund shares with the shares of another investment
company for the Contracts for which the Fund shares have been selected to serve as the underlying investment medium, subject to compliance with applicable regulations of the SEC. Company will give sixty (60) day's written notice to the
Fund and the Adviser of any proposed action to replace Fund shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) termination by the Company, the Fund or the Adviser by written notice to the other parties upon a material
breach of the Agreement by the other party; or

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**EXECUTION COPY** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) termination by the Fund or the Adviser by written notice to the Company, if the Company gives the Fund and the
Adviser the written notice specified in Section 1.6(b) hereof and at the time such notice as given there was no notice of termination outstanding under any other provision of this Agreement; provided, however any termination under this
Section 10.1(n))shall be effective forty-five (45) days after the notice specified in Section l.6(b) was given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <u>Effect of Termination.</u> Notwithstanding any termination of this Agreement and for so long as Fund continues to be available for sale to existing shareholders, the Fund and the Adviser shall at the option of the Company, continue to make available additional shares of the Fund pursuant to the terms and conditions of this Agreement, for all Contracts in effect on the effective date of termination of this Agreement (hereinafter referred to as "Existing Contracts"). Specifically, without limitation, the owners of the Existing Contracts shall be permitted to reallocate investments in the Fund, redeem investments in the Fund or invest in the Fund upon the making of additional purchase payments under the Existing Contracts. The parties agree that this Section 9.2 shall not apply to any terminations under Article VII and the effect of such Article VII terminations shall be governed by Article VII of this Agreement.

ARTICLE X. <u>Notices</u>

Any notice shall be sufficiently given when sent by registered or certified mail, overnight delivery or facsimile to the other party at the address of such party set forth below or at such other address as such party may from time to time specify in writing to the other party.

If to the Fund:

American Beacon Funds

4151 Amon Carter Blvd., !\ID 2450

Fort Worth, TX 76155

Attention: President

Fax No. (817) 391-6131

With a copy to General Counsel at the same address.

If to the Adviser:

American Beacon Advisors, Inc.

4151 Amon Carter Blvd., MD 2450

Fort Worth, TX 76155

Attention: President

Fax No. (817) 391-6131

With a copy to General Counsel at the same address.

If to the Company:

2929 Allen Parkway L4-01

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**EXECUTION COPY** 

Houston, TX 77019

Attention: General Counsel

Fax No. (713) 831-5011

ARTICLE XI. <u>Miscellaneous</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 All persons dealing with the Fund must look solely to the property of the Fund for the enforcement of any claims against the Fund as neither the Board, trustees, officers, agents or shareholders assume any personal liability for obligations entered into on behalf of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 Subject to the requirements of legal process and regulatory authority, each party hereto shall treat as confidential the names and addresses of the owners of the Contracts and all information reasonably identified as confidential in writing by any other party hereto and, except as permitted by this Agreement, shall not disclose, disseminate or utilize such names and addresses and other confidential information until such time as it may come into the public domain without the express written consent of the affected party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 The captions in this Agreement are included for convenience of reference only and in no way define or delineate any of the provisions hereof or otherwise affect their construction or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 This Agreement may be executed simultaneously in two or more counterparts, each of which taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5 If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of the Agreement shall not be affected thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6 Each party hereto shall cooperate with each other party and all appropriate governmental authorities having jurisdiction over them (which may include but not be limited to the SEC and state insurance regulators) and shall permit such authorities reasonable access to its relevant non-privileged books and records in connection with any investigation or inquiry relating to this Agreement or the transactions contemplated hereby to the extent practicable and except where a party's respective interests are adverse to or in conflict with another party's interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.7 The rights, remedies and obligations contained in this Agreement are cumulative and are in addition to any and all rights, remedies and obligations, at law or in equity, which the parties hereto are entitled to under state and federal laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.8 This Agreement or any of the rights and obligations hereunder may not be assigned by any party without the prior consent of all parties hereto; provided, however, that the Adviser may assign this Agreement or any rights or obligations hereunder to any affiliate of or company under common control with the Adviser if such assignee is duly organized, licensed and registered to perform the obligations of the Adviser under this Agreement.

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**EXECUTION COPY** 

Schedule_A

Accounts

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> Name of Account | <br> Date of Resolution of Company's Board which Established the Account |
| &nbsp;&nbsp;&nbsp;The Variable Annuity Life Insurance Company Separate Account A | April 18, 1979 |

---

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**EXECUTION COPY** 

**<u>Schedule B</u>**

**<u>Contracts</u>**

**Portfolio Director Series** 

**Equity Director Series** 

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**EXECUTION COPY** 

<u>Schedule C</u> 

<u>Series</u> 

American Beacon Holland Large Cap Growth Fund, Investor Class Shares

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**EXECUTION COPY** 

Schedule D

Investor Trading Policy

VALIC has a policy to discourage excessive trading and market timing. Our investment options arc not designed to accommodate short-term tracling or "market timing" organizations, or individuals engaged in certain trading strategies, such as programmed transfers, frequent transfers, or transfers that are large in relation to the total assets of a mutual fund. These trading strategies may be disruptive to mutual funds by diluting the value of the fund shares, negatively affecting investment strategies and increasing portfolio turnover. Excessive trading also raises fund expenses, such as recordkeeping and transaction costs, and harms fund performance.

Accordingly, VALIC implemented certain policies and procedures intended to hinder short-term trading. If an investor sells fund shares valued at $5,000 or more, whether through an exchange, transfer, or any other redemption, the investor will not be able to make a purchase of $5,000 or more in that same fund for 30 calendar days.

This policy applies only to investor-initiated trades of $5,000 or more, and does not apply to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Plan-level or employer-initiated transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Purchase transactions involving transfers of assets or rollovers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Retirement plan contributions, loans, and distributions (including hardship withdrawals);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Roth IRA conversions or IRA recharacterizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Systematic purchases or redemptions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Systematic account rebalancing; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Trades of less than $5,000.

As described in a fund's prospectus and statement of additional information, in addition to the above, fund purchases, transfers and other redemptions may be subject to other investor trading policies, including redemption fees, if applicable. Certain funds may set limits on transfers in and out of a fund within a set time period in addition to or in lieu of the policy above. Also, an employer's benefit plan may limit an investor's rights to transfer.

We intend to enforce these investor trading policies uniformly. We make no assurances, however, that all the risks associated with frequent trading will be completely eliminated by these policies and/or restrictions. If we are unable to detect or prevent market timing activity, the effect of such activity may result in additional transaction costs for the investment options and dilution of long-term performance returns. Thus, an investor's account value may be lower due to the effect of the extra costs and resultant lower performance. We reserve the right to modify these policies at any time.

*VALTC represents The Variable Annuity Life Insurance Company and its subsidiaries VALTC Financial Advisors, Inc. and VALTC Retirement Services Company.* 

Last updated: Apri1 8, 2009

------

Exhibit B

**Request for Information Form** 

We hereby request that [Life Insurance Company] provide the Transaction Information indicated below.

Please provide the following information about the Transaction Information requested:

---

| |
|:---|
| Contract Number\* |
| And |
| Tax Identification Number\*\*: |
| Trust Name: |
| Fund Name: |
| Fund Manager: |
| Covered Period\*\*\*: |

---

---

| |
|:---|
|  Requesting Person\*\*\*\*: |
|  Signature: |
|  Date: |
|  Telephone Number: |
|  Facsimile Number: |

---

\* or participant account number if applicable. Failure to complete this item shall not prevent this Form from being in Good Form.

\*\* or Individual/International Taxpayer Identification Number (ITIN), other government-issued identifier or equivalent identifying number. Failure to complete this item shall not prevent this Form from being in Good Form.

\*\*\* the covered period shall not include any day that is earlier than 180 days prior to the day Intermediary received this form in Good Form

\*\*\*\* person must be duly authorized person as previously provided by the Trust

**PLEASE E-MAIL THIS FORM TO <u>SaamcoLegal@aig.com,</u>** 

**ATTENTION "RULE 22C-2 INFORMATION REQUEST"** 

**PLEASE COMPLETE EACH ITEM.** 

**INCOMPLETE FORMS WILL NOT BE PROCESSED.** 

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**Exhibit C** 

**Instructions to Restrict Trading Form** 

[Life Insurance Company] is hereby instructed to restrict purchase or exchanges into the Fund indicated below by the Contract indicated below.

Please provide the following information about the Contract to be restricted:

---

| |
|:---|
| Contract Number\* |
| And |
| Tax Identification Number\*\*: |

---

Please provide the following information about the Fund to be restricted:

---

| |
|:---|
| Trust Name: |
| Fund Name: |
| Fund Manager: |

---

Please provide the following information about the time period for which trading should be restricted:

Start Date\*\*\*: <br> End Date:

---

| |
|:---|
|  Requesting Person\*\*\*\*: |
|  Signature: |
|  Date: |
|  Telephone Number: |
|  Facsimile Number: |

---

\* or participant account number if applicable

\*\* or Individual/International Taxpayer Identification Number (ITIN), other government-issued identifier or equivalent identifying number

\*\*\* Start date will be no earlier than 48 hours after receipt of form in "Good Form"

\*\*\*\* person must be duly authorized person as previously provided by the Trust

**PLEASE [FAX]/[E-MAIL] THIS FORM TO [ ], ATTENTION** 

**"RULE 22C-2 RESTRICTION"** 

**PLEASE COMPLETE EACH ITEM.** 

**INCOMPLETE FORMS WILL NOT BE PROCESSED.** 

------

<u>Schedule A</u> 

<u>Accounts</u> 

Name of Account   <u> Date of Resolution of Company's Board which Established the Account</u> <br> USL Separate Account RS   <u>June 14, 2024</u>

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<u>Schedule B</u> 

<u>Contracts</u> 

Portfolio Director Series

------

<u>Schedule C</u> 

<u>Series</u> 

American Beacon Man Large Cap Growth Fund, Investor Class Shares

------

Schedule D

**Investor Trading Policy** 

The Company has a policy to discourage excessive trading and market timing. Our investment options are not designed to accommodate short-term trading or "market timing" organizations, or individuals engaged in certain trading strategies, such as programmed transfers, frequent transfers, or transfers that are large in relation to the total assets of a mutual fund. These trading strategies may be disruptive to mutual funds by diluting the value of the fund shares, negatively affecting investment strategies and increasing portfolio turnover. Excessive trading also raises fund expenses, such as recordkeeping and transaction costs, and harms fund performance.

Accordingly, the Company implemented certain policies and procedures intended to hinder short-term trading. If an investor sells fund shares valued at $5,000 or more, whether through an exchange, transfer, or any other redemption, the investor will not be able to make a purchase of $5,000 or more in that same fund for 30 calendar days.

This policy applies only to investor-initiated trades of $5,000 or more, and does not apply to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Plan-level or employer-initiated transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Purchase transactions involving transfers of assets or rollovers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Retirement plan contributions, loans, and distributions (including hardship withdrawals);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Roth IRA conversions or IRA recharacterizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Systematic purchases or redemptions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Systematic account reallocations and/or rebalancing; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Trades of less than $5,000.

As described in a fund's prospectus or other disclosure documents, in addition to the above, fund purchases, transfers and other redemptions may be subject to other investor trading policies, including redemption fees, if applicable. Certain funds may set limits on transfers in and out of a fund within a set time period in addition to or in lieu of the policy above. Also, an employer's benefit plan may limit an investor's rights to transfer.

We intend to enforce these investor trading policies uniformly. We make no assurances, however, that all the risks associated with frequent trading will be completely eliminated by these policies and/or restrictions. If we are unable to detect or prevent market timing activity, the effect of such activity may result in additional transaction costs for the investment options and dilution of long-term performance returns. Thus, an investor's account value may be lower due to the effect of the extra costs and resultant lower performance. We reserve the right to modify these policies at any time.

Last updated: March 6, 2024

## Ex-99.(H)(1)(Ii)

**<u>ADMINISTRATIVE SERVICES AGREEMENT</u>**

THIS AGREEMENT (the "Agreement"), made and entered into as of this <u>17</u> day of December, 2024 by and among THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, a New York life insurance company (hereinafter the "Company"), on its own behalf and on behalf of the separate accounts listed on Schedule One hereto, each a segregated asset account of the Company (each referred to as an "Account"), and American Beacon Funds, a Massachusetts business trust (hereinafter the "Trust") acting solely on behalf of each of its series listed on Schedule One hereto as such schedule maybe amended from time to time (each such series hereinafter referred to as a Fund), and American Beacon Advisors, Inc. (the "Adviser"), the Company, the Trust and the Adviser (collectively, the "Parties").

WITNESSETH:

WHEREAS, THE VARIABLE ANNUITY LIFE INSURANCE COMPANY ("VALIC"), the Trust, and the Adviser entered into an Administrative Services Agreement on March 23, 2012, as amended (the "VALIC ASA");

WHEREAS, the Parties have entered into a participation agreement dated as of December <u>17</u>, 2024 (the "Participation Agreement," as the same may be amended from time to time);

WHEREAS, Adviser provides, among other things, investment advisory and/or administrative services to the Trust;

WHEREAS, Adviser desires the Company to provide administrative services detailed in this Agreement;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Company, the Trust, and the Adviser hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties hereto adopt and agree to the terms of the VALIC ASA in the form attached hereto as Appendix A ("Appendix A"), which for this purpose excludes the signature pages to such VALIC ASA, subject to the changes described below. For avoidance of doubt, this Agreement does not amend, delete or supersede the VALIC ASA or amend, delete or supersede agreement(s), if any, between the Parties with respect to other separate accounts of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For purposes of this Agreement, all references to The Variable Annuity Life Insurance Company or VALIC in Appendix A are deleted and replaced with The United States Life Insurance Company in the City of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For purposes of this Agreement, the applicable state law in Section 15 of Appendix A under which this Agreement shall be construed shall be the laws of the State of New York instead of the laws of the State of Texas, and all references to "the laws of the State of Texas" are deleted and replaced with "the laws of the State of New York" in that section.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. All references to "Foreside Fund Services, LLC (the "Underwriter")" shall be deleted and replaced with "Resolute Investment Distributors, Inc. ("Distributor")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. At the time of entering into this Agreement, American International Group ("AIG") has a controlling interest of the parent company of the Company. AIG intends to transfer a "controlling" block of outstanding voting securities of the Company's parent company (the "Divestment") within the meaning of Section 2(a)(4) of the Investment Company Act of 1940 (the "1940 Act") and, as a result, the Company will no longer be a "controlled company" of AIG within the meaning of the 1940 Act (the "Change of Control"). The Trust and Adviser hereby confirm that they are on notice of the Change of Control and the Parties agree that this Agreement will stay in effect upon the Change of Control or any future changes of control that may occur as a result of the sale of a controlling block of securities to a new controlling company that occurs during the Divestment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. For purposes of this Agreement, Schedules One and Two in Appendix A are deleted and replaced with the separate Schedules One and Two to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. This Agreement shall be interpreted consistent with the intent of the Parties which is to create a fully separate agreement among the Parties in respect of investment(s) by the Company, on behalf of the Accounts, in shares of Funds of the Trust.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.

---

| | |
|:---|:---|
| THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK | THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK |
| By: | ![LOGO](g934124dsp013a.jpg) |
|  | Name: Barbara Rayll |
|  | Title: Vice President, Business Case |
|  | Development |
| AMERICAN BEACON FUNDS | AMERICAN BEACON FUNDS |
| By: |  |
|  | Name: Terri McKinney, Vice President |
|  | Title: |
| AMERICAN BEACON ADVISORS, INC. | AMERICAN BEACON ADVISORS, INC. |
| By: |  |
|  | Name: Rebecca Harris, Sr. Vice President |
|  | Title: |

---

------

**Appendix A** 

**ADMINISTRATIVE SERVICES AGREEMENT** 

**THIS AGREEMENT** ("Agreement") made as of this (23<sup>rd</sup> of March, 2012, *is* by and between **AMERICAN BEACON ADVISORS, INC.,** a Delaware corporation ("Adviser'), **AMERICAN BEACON FUNDS,** a Massachusetts business trust (the "Trust") acting solely on behalf of each of its series, severally and not jointly, listed on Schedule One hereto as such schedule may be amended from time to time (each such series hereinafter referred to as the "Fund") and **THE VARIABLE ANNUITY LIFE INSURANCE COMPANY,** a Texas corporation ("VALIC").

It is understood and agreed that (a) this document shall constitute a separate agreement between the parties and each Fund in Schedule One hereto, as if each Fund had executed a separate document naming only itself as the Fund (a "Separate Agreement''), and (b) no Fund shall have any liability for the obligations of any other Fund.

WITNESSETH:

**WHEREAS,** each of the investment companies listed on <u>Schedule One</u> hereto ("<u>Schedule One</u>." as the same may be amended from time to time), *is* registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act") (such investment companies are hereinafter collectively called the "Funds," or each a "Fund"); and

**WHEREAS,** each of the Funds is available as an investment vehicle for VALIC for its separate account to fund variable annuity contracts ("Contracts") listed on <u>Schedule Two</u> hereto ("<u>Schedule Two</u>," as the same may be amended from time to time); and

**WHEREAS,** VALIC has entered into a participation agreement dated as of March 23, 2012, among VALIC, the Trust, and the Adviser (the "Participation Agreement," as the same may be amended from time to time); and

**WHEREAS,** Adviser provides, among other things, investment advisory and/or administrative services to the Trust; and

**WHEREAS,** Adviser desires VALIC to provide the administrative services specified in the attached <u>Exhibit A</u> ("Administrative Services"), in connection with the Contracts for the benefit of persons who maintain their ownership interests in the separate account, whose interests are included in the master account ("Master Account") referred to in paragraph 1 of <u>Exhibit A</u> ("Contract Owners"), and VALIC is willing and able to provide such Administrative Services on the terms and conditions hereinafter set forth;

------

**NOW, THEREFORE,** in consideration of the premises and mutual covenants hereinafter contained, each party hereto severally agrees as follows:

1. VALIC agrees to perform the Administrative Services specified in Exhibit A hereto for the benefit of the
Contract Owners.

2. VALIC represents and agrees that it will maintain and preserve all records as required by law to be maintained
and preserved in connection with providing the Administrative Services, including Section 31 of the 1940 Act, and will otherwise comply with all laws, rules and regulations applicable to the Administrative Services.

3. VALIC agrees to provide copies of all the historical records relating to transactions between the Fund and
Contract Owners, and all written communications and other related materials regarding the Fund(s) to or from such Contract Owners, as reasonably requested by Adviser or its representatives (which representatives, include, without limitation, its
auditors, legal counselor and Foreside Fund Services, LLC (the "Underwriter"), as the case may be), to enable Adviser or its representatives to monitor and review the Administrative Services performed by VALIC, or comply with any request
of the board of directors, or trustees or general partners (collectively, the "Directors") of any Fund, or of a governmental body, self-regulatory organization or Contract Owner.

In addition, VALIC agrees that it will permit Adviser, the Fund or their representatives, to have reasonable access *to* its personnel and records in order to facilitate the monitoring of the quality of the Administrative Services.

4. VALIC may contract with or establish relationships with other parties for the provision of the
Administrative Services or other activities of VALIC required by this Agreement, or the Participation Agreement, provided that VALIC shall be fully responsible for the acts and omissions of such other parties.

5. VALIC hereby agrees to notify Adviser promptly if for any reason it is unable to perform fully and promptly
any of its obligations under this Agreement.

6. VALIC hereby represents and covenants' that it does not, and will not, own or hold or control with
power to vote any shares of the Fund, which are registered in the name of VALIC or the name of its nominee and which are maintained in VALIC variable annuity or variable life insurance accounts. VALIC represents further that it is not registered as
a broker-dealer under the Securities Exchange Act of 1934, as amended (the"1934 Act"), and it is not required to be so registered, including as a result of entering into this Agreement and performing the Administrative Services and other
obligations set forth in this Agreement.

7. The provisions of the Agreement shall in no way limit the authority of the Adviser, Fund or Underwriter to
take such action as any of such parties may deem appropriate or advisable in connection with all matters relating to the operations of such Fund and/or sale of its shares.

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8. In consideration of the performance of the Administrative Services by VALIC, beginning on the date hereof,
Adviser agrees to pay VALIC a quarterly amount that is equal on an annual basis to thirty-five basis points (0.35%) of the average daily net assets of the Fund held in the Contracts. The foregoing fee will be paid by Adviser to VALIC within 30 days
of the end of each calendar quarter, without demand or notice by VALIC.

Notwithstanding anything in this Agreement or the Participation Agreement appearing to the contrary, the payments by Adviser to VALIC relate solely to the performance by VALIC of the Administrative Services described herein only, and do not constitute payment in any manner for services provided by VALIC to VALIC policy or contract owners, or to any separate account organized by VALIC, or for any investment advisory services, or for costs associated with the distribution of any variable annuity or variable life insurance contracts.

9. VALIC shall indemnify and hold bannless the Fund, Adviser and Underwriter and each of their respective
officers, trustees, Directors, employees and agents from and against any and all losses, claims, damages, expenses, or liabilities that anyone or more of them may incur including without limitation reasonable attorneys' fees, expenses and costs
arising out of or related to the performance or non-performance by VALIC of the Administrative Services under this Agreement.

10. This Agreement may be terminated without penalty at any time by VALIC or by Adviser upon one hundred and
eighty days (180) written notice to the other party. Notwithstanding the foregoing, the provisions of paragraphs 2, 3, 9 and 11 of this Agreement, shall continue in full force and effect after termination of this Agreement.

This Agreement shall not require VALIC to preserve any records (in any medium or format) relating to this Agreement beyond the time periods otherwise required by the laws to which VALIC or the Fund are subject provided that such records shall be offered to the Fund in the event VALIC decides to no longer preserve such records following such time periods.

11. After the date of any termination of this Agreement in accordance with paragraph 10 of this Agreement, no
fee will be due with respect to any amounts in the Contracts first placed in the Master Account for the benefit of Contract Owners after the date of such termination. However, notwithstanding any such termination, Adviser will remain obligated to
pay VALIC the fee specified in paragraph 8 of this Agreement, with respect to the value of each Fund's average daily net assets maintained in the Master Account with respect to the Contracts as of such date, for the shorter duration among 1)
while such amounts are held in the Master Account and VALIC continues to provide the Administrative Services with respect to such amounts in conformity with this Agreement or 2) one hundred and eighty (180) calendar days from date of termination.
This Agreement, or any provision hereof, shall survive termination to the extent necessary for each party to perform its obligations with respect to amounts for which a fee continues to be due subsequent to such termination.

12. VALIC understands and agrees that the obligations of Adviser under this Agreement are not binding upon the
Trust or the Fund, upon any of their Board members or upon any Contract Owners of the Trust or Fund.

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13. It is understood and agreed that in performing the services under this Agreement VALIC, acting in its
capacity described herein, shall at no time be acting as an agent for Adviser, Underwriter or the Fund. VALIC agrees, and agrees to cause its agents, not to make any representations concerning a Fund except those contained in the Fund's
then-current prospectus; in current sales literature furnished by the Fund, Adviser or Underwriter to VALIC; in the then current prospectus for a variable annuity contract or variable life insurance policy issued by VALIC or then current sales
literature with respect to such variable annuity contract or variable life insurance policy, approved by Adviser.

14. This Agreement, including the provisions set forth herein in paragraph 8, may only be amended pursuant to a
written instrument signed by the party to be charged. This Agreement may not be assigned by a party hereto, by operation of law or otherwise, without the prior written consent of the other party.

15. This Agreement shall be governed by the laws of the State of Texas, without giving effect to the principles
of conflicts of law of such jurisdiction.

16. This Agreement, including <u>Exhibit A, Schedule One</u> and <u>Schedule Two</u>, constitutes the entire
agreement between the parties with respect to the matters dealt with herein and supersedes any previous agreements with respect to such matters. In the event of a conflict between this Agreement and the Fund's prospectus or statement of
additional information, the Fund's prospectus and statement of additional information shall control. The parties agree that Schedule One and/or Schedule Two may be replaced from time to time with a new Schedule One and/or Schedule Two to
accurately reflect any changes in the Funds available as investment vehicles and/or the Contracts available, under the Participation Agreement, respectively.

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**SCHEDULE ONE** 

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| | |
|:---|:---|
| **Investment Company Name:** | **Series Name:** |
| American Beacon Funds | American Beacon Holland Large Cap Growth Fund |
|  | (Investor Class) |

---

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**SCHEDULE TWO** 

**List of Contracts** 

**•** **Portfolio Director Series** 

**•** **Equity Director Series** 

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**EXHIBIT A** 

Pursuant to the Agreement by and among the parties hereto, which relates to the Fund(s) as of the date hereof, and any other Fund that may be added or deleted from time-to-time, VALIC shall perform the following Administrative Services:

1. VALIC shall maintain the Master Account with the transfer agent of the Fund in the name of VALIC Separate
Account A. Additionally, VALIC will maintain separate records for each Contract Owner, which records shall reflect shares purchased and redeemed for the benefit of the Contract Owner. Share balances held for the benefit of the Contract Owner reflect
annuity unit values calculated by VALIC each weekday that the New York Stock Exchange is open for trading ("Business Day''). VALIC's annuity unit value calculations will factor in each Business Day's net asset value and the
effect of any reinvested dividends or capital gains.

2. Prepare and transmit to Contract Owners periodic account statements showing the total number of annuity
units held for the benefit of the Contract Owner as of the statement closing date, purchases and redemptions of Fund shares for the benefit of the Contract Owner during the period covered by the statement. Such reports shall also reflect Contract
Owner unit values.

3. Make available to Contract Owners reports and other information received by VALIC from the Fund and required
to be sent to Contract Owners under the federal securities laws and, upon request of the Fund's transfer agent, transmit to Contract Owners material Fund communications deemed by the Fund, through the Truses Board of Directors or other similar
governing body, to be necessary and proper for receipt by all Fund beneficial Contract Owners. Upon notification of an upcoming proxy mailing, VALIC shall provide to the Fund's print/mail vendor a list of Contract Owner addresses as of the
requested record date for inclusion in the proxy mailing. Unless otherwise provided in the plan document, Contract Owners will be responsible for voting all proxies. Non-routine materials such as prospectus
supplements and proxy or information statement materials shall be printed and distributed at the expense of the Fund, the Adviser or an affiliate.

4. Transmit to the Fund's transfer agent purchase and redemption orders on behalf of Contract Owners.

*5.* Upon request, provide to the Fund, or to the transfer agent for the Fund, or any of the agents
designated by any of them, such periodic reports as shall reasonably be concluded to be necessary to enable such Fund and its Underwriter to comply with any applicable State Blue Sky requirements.

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**SCHEDULE ONE** 

<u>Accounts</u> 

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**<u>Name of Account</u>** | **<u>Date of Resolution of Company's Board</u>**<br> **<u>which Established the Account</u>** |
| &nbsp;&nbsp;&nbsp;USL Separate Account RS | June 14, 2024 |

---

---

| | |
|:---|:---|
| **<u>Investment Company Names</u>** | **<u>Series Names</u>** |
| American Beacon Funds | American Beacon Man Large Cap Growth Fund,<br> (Investor Class) |

---

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**SCHEDULE TWO** 

**List of Contracts** 

Portfolio Director Series

## Ex-99.(H)(2)(I)

**<u>PARTICIPATION AGREEMENT</u>**

THIS AGREEMENT (the "Agreement"), made and entered into as of this 2<sup>nd</sup> day of October, 2024 by and among THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, a New York life insurance company (hereinafter the "Company"), on its own behalf and on behalf of the separate accounts listed on Schedule A hereto, each a segregated asset account of the Company (each referred to as an "Account"), ARIEL INVESTMENT TRUST, a Massachusetts Business Trust (the "Fund"), acting on behalf of each of its series listed on Schedule C hereto as such schedule may be amended from time to time (each such series hereinafter referred to as a "Series"), and ARIEL DISTRIBUTORS, LLC , a Delaware limited liability company (collectively with its predecessor, Ariel Distributors, Inc., the "Underwriter"); and together with the Company and the Fund, and the Underwriter (collectively, the "Parties").

WITNESSETH:

WHEREAS, THE VARIABLE ANNUITY LIFE INSURANCE COMPANY ("VALIC"), the Fund, and the Underwriter entered into a Participation Agreement on November 1, 2000, as amended (the "VALIC FPA");

WHEREAS, the Parties wish to enter into a separate agreement to provide for the purchase and redemption by the Company, on behalf of the Accounts, of shares of Series of the Fund pursuant to the terms of the Agreement, based on the form of the VALIC FPA previously agreed to among VALIC, the Fund, and the Underwriter;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Company, the Fund, and the Underwriter hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties hereto adopt and agree to the terms of the VALIC FPA in the form attached hereto as Exhibit A ("Exhibit A"), which for this purpose excludes the signature pages to such VALIC FPA, subject to the changes described below. For avoidance of doubt, this Agreement does not amend, delete or supersede the VALIC FPA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For purposes of this Agreement, all references to The Variable Annuity Life Insurance Company or VALIC in Exhibit A are deleted and replaced with The United States Life Insurance Company in the City of New York and all references to the term "Company" in Exhibit A shall be deemed references to The United States Life Insurance Company in the City of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For purposes of this Agreement, all references to Ariel Distributors, Inc., an Illinois corporation, in Exhibit A are deleted and replaced with Ariel Distributors, LLC, a Delaware limited liability company, and all references to the term "Underwriter" in Exhibit A shall be deemed references to Ariel Distributors, LLC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. For purposes of this Agreement, the first sentence of Section 2.5 in Exhibit A is deleted and replaced with the following:

The Underwriter represents and warrants that it is duly organized and in good standing under the laws of the State of Delaware.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. For purposes of this Agreement, the following are added as additional provisions relating to Rule 498 of the 1933 Act ("Rule 498"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Fund on behalf of one or more Series will provide the Company upon its request with copies of summary
prospectuses and supplements thereto in the same manner and at the same time that the Fund provides the Company with statutory prospectuses. The Fund represents and warrants that the summary prospectuses and any supplements provided thereto will
comply with the requirements of Rule 498 applicable to its Series.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Company represents and warrants that its use of the summary prospectuses and supplements, its website and
the manner and procedures related to its hosting of the summary prospectuses and supplements on its website will at all times comply with the requirements of Rule 498. The Fund, at its sole cost and expense, shall provide the Company with summary
prospectuses containing the appropriate hyperlinks required by Rule 498 and such other documentation that may be required by Rule 498.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. The Fund may require the Company to terminate the use of the summary prospectuses by providing the Company with
at least one hundred and thirty-five (135) days' prior written notice. The Fund agrees that the Company is not required to distribute the summary prospectuses to its Contract owners and that any use will be in the discretion of the Company. The
Company shall provide the Fund with at least thirty (30) days' prior written notice of its intended use of the summary prospectuses and at least sixty (60) days' prior written notice of its intent to terminate use of the summary
prospectuses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. For purposes of this Agreement, the following are added as additional provisions relating to website posting requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Fund shall be responsible for preparing, hosting on its website, and providing to the Company upon request,
the materials required by Rule 30e-1 ("Rule 30e- 1") under the Investment Company Act of 1940, as amended ("1940 Act") and Item 27A(i) of Form N-1A (collectively, the "Required Materials,") which may include, among other things:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Current Annual and Semi-Annual Reports to Shareholders (*i.e.* Tailored Shareholder Reports);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Current Annual and Semi-Annual Financial Statements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Portfolio Holdings for Most Recent First and Third Fiscal Quarters

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Fund shall host and maintain the website specified in paragraph (b)(2)(i) of Rule 30e-1, so that the relevant Required Materials are publicly accessible, free of charge, at that website, in accordance with the conditions set forth in that paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. The Fund shall be responsible for the content and substance of the Required Materials as provided to the
Company, including, but not limited to, the accuracy

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and completeness of the Required Materials. Without limiting the generality of the foregoing in any manner, the Fund shall be responsible for ensuring that the Required Materials as provided to the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Meet the applicable standards of the Securities Act of 1933, as amended; the Securities Exchange Act of 1934,
as amended; the 1940 Act; and all rules and regulations under those Acts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to
make the statements made, in light of the circumstances under which they are made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. The Fund, or its designee, shall, at its expense, as the Company may reasonably request from time to time,
provide the Company with sufficient paper copies of the then current Required Materials, so that the Company may maintain a supply of such current paper documents sufficient in its reasonable judgment to meet anticipated requests from Contract
owners pursuant to Rule 30e-1. Such Company requests shall be fulfilled reasonably promptly, but in no event more than seven (7) business days after the request from the Company is received by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Alternatively, if requested by the Company in lieu thereof, the Fund or its designee shall provide such
electronic or other documentation (including "camera ready" copies of the current Required Materials as set in type), and such other assistance as is reasonably necessary to have the then current Required Materials printed for distribution
(pursuant to requests from Contract owners; see paragraph (b)(3) of Rule 30e-1, as applicable); the reasonable costs of providing the electronic documentation and of such printing to be borne by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. The Fund shall be responsible for preparing and providing the following "Fund Documents," as
specified in paragraph (j)(1)(iii) of Rule 498A:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Summary Prospectus for the Series

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Statutory Prospectus for the Series

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Statement of Additional Information ("SAI") for the Series; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Most Recent Annual and Semi-Annual Reports to Shareholders (under Rule 30e-1 under the 1940 Act) for the Series.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. The Fund shall provide the Fund Documents specified in Paragraphs 6(F)(a), 6(F)(b), and 6(F)(c) above to the
Company (or its designee) on a timely basis (to facilitate the required website posting) and provide updated versions as necessary, to facilitate a continuous offering of the Fund's securities and the Contracts. The Fund shall provide the
Shareholder Reports specified in Paragraph 6(F)(d) above within 60 days after the close of each of the Fund's reporting periods (in accordance with Rule 30e-1 under the 1940 Act).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. The Fund shall provide the Fund Documents to the Company (or its designee) in an electronic format that is
suitable for website posting, and in a format, or

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formats, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) are both human-readable and capable of being printed on paper in human- readable format (in accordance with
paragraph (h)(2)(i) of Rule 498A);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) permit persons accessing the Statutory Prospectus and SAI to move directly back and forth between each section
heading in a table of contents of such document and the section of the document referenced in that section heading (that is, these documents must include  ***linking*** , in accordance with paragraph (h)(2)(ii) of Rule 498A); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) permit persons accessing the Fund Documents to permanently retain, free of charge, an electronic version of
such materials that meet the requirements of subparagraphs 6(H)(a) and 6(H)(b) above (in accordance with paragraph (h)(3) of Rule 498A).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. The Company shall host and maintain the website specified in paragraph (j)(i)(iii) of Rule 498A, so that the
Fund Documents are publicly accessible, free of charge, at that website, in accordance with the conditions set forth in that paragraph, provided that the Fund fulfill their obligations under this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. The Company shall ensure that an Initial Summary Prospectus is used for each currently offered Variable
Contract described under the related registration statement, in accordance with paragraph (j)(1)(i) of Rule 498A. The Fund shall ensure that a summary prospectus is used for the Series, in accordance with paragraph (j)(1)(ii) of Rule 498A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. The Fund shall be responsible for the content and substance of the Fund Documents as provided to the Company,
including, but not limited to, the accuracy and completeness of the Fund Documents. Without limiting the generality of the foregoing in any manner, the Fund shall be responsible for ensuring that the Fund Documents as provided to the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Meet the applicable standards of the 1933 Act, the Securities Exchange Act of 1934, as amended; the 1940 Act;
and all rules and regulations under those Acts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to
make the statements made, in light of the circumstances under which they are made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L. The Fund shall, at its expense, as the Company may reasonably request from time to time, provide the Company
with sufficient paper copies of the then current Fund Documents, so that the Company may maintain a supply of such current paper documents sufficient in its reasonable judgment to meet anticipated requests from Contract owners (see paragraphs (i)(1)
and (j)(3) of Rule 498A). Such Company requests shall be fulfilled reasonably promptly, but in no event more than three (3) business days after the request from the Company is received by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Alternatively, if requested by the Company in lieu thereof, the Fund or its

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designee shall provide such electronic or other documentation (including "camera ready" copies of the current Fund Documents as set in type), and such other assistance as is reasonably necessary to have the then current Fund Documents printed for distribution; the reasonable costs of providing the electronic documentation and of such printing and mailing to be borne by the Fund. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Fund shall reimburse the Company for the reasonable costs of printing and mailing the Fund Documents to
Contract owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M. The Fund shall provide such data regarding each Fund's expense ratios and investment performance as the
Company shall reasonably request, to facilitate the registration and sale of the Variable Contracts. Without limiting the generality of the foregoing, the Fund shall provide the following Fund expense and performance data on a timely basis to
facilitate the Company's preparation of its annually updated registration statements for the Variable Contracts (and as otherwise reasonably requested by the Company), but in no event later than eighty (80) calendar days after the close of
each Fund's fiscal year:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the *gross* "Annual Fund Company Expenses" for each Fund calculated in accordance with Item 3 of
Form N-1A, before any expense reimbursements or fee waiver arrangements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the *net* "Annual Fund Company Expenses" (aka "Total Annual Fund Operating Expenses")
for each Fund calculated in accordance with Item 3 of Form N-1A, that <u>include</u> any expense reimbursements or fee waiver arrangements, and the period for which the expense reimbursements or fee waiver
arrangement is expected to continue and whether it can be terminated by the Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the "Average Annual Total Returns" for each Fund (before taxes) as calculated pursuant to Item
4(b)(2)(iii) of Form N-1A (for the 1, 5, and 10 year periods,).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. For purposes of this Agreement, the following provisions relating to Rule 22c-2 under the 1940 Act, as amended, are added:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Definitions. As used in this section of the Agreement relating to Rule 22c-2 under the 1940 Act, the following terms shall have the following meanings, unless a different meaning is clearly required by the contexts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The term "Fund" does not include any "excepted funds" as defined in the Rule, which
includes any: (i) money market fund; (ii) fund that issues securities that are listed on a national exchange; or (iii) fund that affirmatively permits short-term trading of its securities, if its prospectus clearly and prominently
discloses that the fund permits short-term trading of its securities and that such trading may result in additional costs for the fund. The term "Fund" shall also include the Series' designee (i.e., principal underwriter or transfer
agent).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The term "Fund Policies" means policies established by a Fund for the purpose of eliminating or
reducing any dilution of the value of the outstanding

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shares issued by the Fund resulting from short-term trading, as described in the applicable Fund's current prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The term "Shares" means the interests of Shareholders corresponding to the redeemable securities of
record issued by a Fund under the 1940 Act that are held through Accounts established by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The term "Shareholders" shall mean those contract or policy owners of the Company that hold an
interest in a Fund, directly or indirectly through Contracts issued by the Company on behalf of the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The term "Shareholder-Initiated Transfer Purchase" means a transaction that is initiated or directed
by a Shareholder that results in a transfer of assets within a Contract to a Fund, but does not include the following: (i) transactions that are executed automatically pursuant to a contractual or systematic program or enrollment such as
transfer of assets within a Contract to a Fund as a result of "dollar cost averaging" programs, asset allocation programs or any other automatic rebalancing programs; (ii) required transactions pursuant to a Contract living or death
benefit; (iii) one-time step- up in Contract value pursuant to a Contract death or living benefit; (iv) transactions that are executed as a result of allocation of assets to a Fund through a Contract
as a result of payments such as loan repayments, scheduled contributions, retirement plan salary reduction contributions, or planned premium payments to the Contract; or (v) pre-arranged transfers at the
conclusion of a required free look period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The term "Shareholder-Initiated Transfer Redemption" means a transaction that is initiated or
directed by a Shareholder that results in a transfer of assets within a Contract out of a Fund, but does not include the following: (i) transactions that are executed automatically pursuant to a contractual or systematic program or enrollments
such as transfers of assets within a Contract out of a Fund as a result of annuity payouts, loans, systematic withdrawal programs, asset allocation programs and automatic rebalancing programs; (ii) transactions that are executed as a result of
any deduction of charges or fees under a Contract; (iii) transactions within a Contract out of a Fund as a result of scheduled withdrawals or surrenders from a Contract; (iv) transactions that are executed as a result of payment of a death
benefit from a Contract; or (v) transactions that are executed as a result of minimum distributions required by applicable federal tax law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The term "written" includes electronic and facsimile writings and transmissions and such other means
as the Parties may agree from time-to- time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Agreement to Provide Information. Company agrees to provide the Fund the taxpayer identification number
("TIN"), the Individual/International Taxpayer Identification Number ("ITIN") or other government-issued identifier, (or an equivalent identifying number), as well as the Contract owners number or participant account number
associated with the Shareholder, if known, of any or all Shareholder(s) of the Account, and the amount, date and transaction type

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(purchase, redemption, transfer, or exchange) of every purchase, redemption, transfer, or exchange of Shares held through an Account maintained by the Company ("Transaction Information"). It is understood that Company intends to provide the Transaction Information regarding each Fund daily, but a Fund may, from time to time, make a written request ("Request") regarding a specific Fund or for a specific period in accordance with this Agreement. <br>

Unless otherwise specifically requested by a Fund, Company shall only be required to provide information relating to Shareholder-Initiated Transfer Purchases or Shareholder-Initiated Transfer Redemptions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Period Covered by Request. Any Request must set forth a specific period for which the Transaction Information
is being sought (the "Covered Period"), but the Covered Period shall not include any day that is earlier than 180 days prior to the day Company received the Request. The Fund may request Transaction Information older than 180 days from the
date of the Request as it deems necessary to investigate compliance with Fund Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Form and Timing of Response/Indirect Intermediaries. Requests must be in "Good Form." Good Form means
the Request (i) is made using the "Request for Information" form attached as Exhibit B, (ii) includes all the information required by the form, except as noted therein; (iii) is signed by a duly authorized officer of the
Fund; and (iv) is received by Company.

Company agrees to transmit the Transaction Information on its books and records to the Fund promptly, but in any event not later than five (5) business days, or as otherwise agreed to by the Parties, after receipt of a Request. The format for the Transaction Information provided to the Fund (either daily or as part of a Request) shall be via file transfer protocol (FTP) formal or other agreed upon method.

If requested by a Fund in writing, Company agrees to use best efforts to determine whether any specific Shareholder about whom it has Transaction Information is itself a financial intermediary ("Indirect Intermediary") and, upon further request by a Fund, to promptly either (i) provide (or arrange to have provided) the Transaction Information for those Shareholders who hold an account with an Indirect Intermediary, or (ii) restrict or prohibit the Indirect Intermediary from purchasing, in nominee name on behalf of others, Shares of the Fund. Company additionally agrees to inform the Fund whether it plans to perform (i) or (ii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Limitations on Use of Information. The Fund agrees not to use the information received pursuant to this
Agreement for any purpose other than as necessary to comply with the provisions of the Rule without prior written consent of Company, or for any purpose not permitted under the privacy provisions of Title V of the Gramm-Leach-Bliley Act (Public Law 106-102) and comparable state laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Agreement to Restrict Trading. Company agrees to execute written instructions from a Fund to restrict or
prohibit further purchases or exchanges of Shares by a Shareholder that has been identified by the Fund as having engaged in transactions of the Fund's Shares (directly or indirectly through the Company's Account) that violate Fund
Policies.

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Any such restrictions or prohibitions shall only apply to Shareholder-Initiated Transfer Purchases or Shareholder-Initiated Transfer Redemptions as set forth in Section 2. Company will execute such instructions with respect to the Shareholder, but only for the Contract through which such transactions in the Fund's shares occurred in violation of the Fund's Policies. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. Form of Instructions. Instructions to restrict trading must be in "Good Form." Good Form means that
the instructions (i) are made using the "Instructions to Restrict Trading" form attached at Exhibit C; (ii) include all the information required by the form; (iii) are signed by a duly authorized officer of the Fund; and
(iv) are received by Company. Upon request of the Company, a Fund agrees to provide to the Company, along with the Instructions to Restrict Trading form, information regarding those trades of the Contract holder that violated the Fund's
Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Timing of Response. Company agrees to execute instructions as soon as reasonably practicable, but not later
than five (5) business days, or as otherwise agreed to by the Parties, after receipt of the instructions by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. Confirmation by Company. Company will provide written confirmation regarding any instructions executed on
behalf of the Fund pursuant to this Agreement. The confirmation will be provided via FTP format as soon as reasonably practicable, but not later than ten (10) business days, or as otherwise agreed to by the Parties, after the instructions have
been executed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. At the time of entering into this Agreement, American International Group ("AIG") has a controlling interest of the parent company of the Company. AIG intends to transfer a "controlling" block of outstanding voting securities of the Company's parent company (the "Divestment") within the meaning of Section 2(a)(4) of the Investment Company Act of 1940 (the "1940 Act") and, as a result, the Company will no longer be a "controlled company" of AIG within the meaning of the 1940 Act (the "Change of Control"). The Underwriter and the Fund hereby consent to any "assignment" of this Agreement that is deemed to have occurred as a result of the Change of Control. Further, the Underwriter and the Fund hereby consent to any future assignments that may occur as the result of the sale of a controlling block of securities to a new controlling company, so long as such assignment occurs during the Divestment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. For purposes of this Agreement, the applicable state law in Article VIII, Section 8.1 of Exhibit A under which this Agreement shall be construed shall be the laws of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. For purposes of this Agreement, the notification addresses in Article X of Exhibit A are deleted and replaced in their entirety as follows:

If to the Company:

The United States Life Insurance Company in the City of New York

Attn: Johnpaul S. Van Maele

Assistant General Counsel

2919 Allen Parkway, L4-01

Houston, TX 77019

Email: <u>saamcolegal@corebridgefinancial.com</u>

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If to the Underwriter:

Ariel Distributors, LLC

200 East Randolph Street, Suite 2900

Chicago, IL 60601

Facsimile: 312-726-7473

Email: <u>legal@arielinvestments.com</u>

If to the Fund:

Ariel Investment Trust

200 East Randolph Street, Suite 2900

Chicago, IL 60601

Facsimile: 312-726-7473

Email: <u>legal@arielinvestments.com</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. For purposes of this Agreement, Schedules A and C in Exhibit A are deleted and replaced with the separate Schedules A and C to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. This Agreement shall be interpreted consistent with the intent of the Parties which is to create a fully separate agreement among the Parties in respect of investment(s) by the Company, on behalf of the Accounts, in shares of Series of the Fund.

*(Signature page follows.)* 

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IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.

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| | |
|:---|:---|
| THE UNITED STATES LIFE INSURANCE COMPANY | THE UNITED STATES LIFE INSURANCE COMPANY |
| IN THE CITY OF NEW YORK,<br> on behalf of itself and on behalf of the Accounts set forth on Schedule A | IN THE CITY OF NEW YORK,<br> on behalf of itself and on behalf of the Accounts set forth on Schedule A |
| By: | ![LOGO](g934124dsp236a.jpg) |
|  | <br> Name: Barbara Rayll |
|  | Title: Vice President, Business Case Development |
| ARIEL INVESTMENT TRUST | ARIEL INVESTMENT TRUST |
| By: | ![LOGO](g934124dsp236b.jpg) |
|  | <br> Name: Emma L. Rodriguez-Ayala |
|  | Title: Vice President and Secretary |
| ARIEL DISTRIBUTORS, LLC | ARIEL DISTRIBUTORS, LLC |
| By: | ![LOGO](g934124dsp236c.jpg) |
|  | <br> Name: Emma L. Rodriguez-Ayala |
|  | Title: EVP, Chief Administrative Officer and |
|  | General Counsel |

---

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<u>Exhibit A</u> 

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**<u>PARTICIPATION AGREEMENT</u>** 

**Among** 

**ARIEL INVESTMENT TRUST** 

**ARIEL DISTRIBUTORS, INC.** 

**and** 

**THE VARIABLE ANNUITY LIFE INSURANCE COMPANY** 

THIS AGREEMENT, made and entered into as of this 1st day of November, 2000 by and among THE VARlABLE ANNUITY LIFE INSURANCE COMPANY, (hereinafter the "Company"), organized under the laws of the State of Texas, on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A hereto as such schedule may be amended from time to time (each such account hereinafter referred to as the "Account"), and the ARIEL INVESTMENT TRUST, a Massachusetts Business Trust (hereinafter the "Fund") and ARIEL DISTRIBUTORS, INC. (hereinafter the ''Underwriter"), an Illinois corporation.

WHEREAS, the Fund engages in business as an open-end management investment company and is available to act as the investment vehicle for separate accounts established for variable life insurance policies and variable annuity contracts to be offered by insurance companies which have entered into participation agreements with the Fund and the Underwriter (hereinafter "Participating Insurance Companies"); and

WHEREAS, the Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (hereinafter the "1940 Act"), its shares are registered under the Securities Act of 1933, as amended (hereinafter the "1933 Act"); and

WHEREAS, the Fund intends to offer shares of the series set forth on Schedule C, as may be amended form time to time by mutual agreement of the parties hereto; under this Agreement to the Accounts of the Company; and

WHEREAS, Ariel Capital Management (the "Adviser") is duly registered as an investment adviser under the Investment Advisers Act of 1940 and any applicable state securities law; and

WHEREAS, the Company has registered or will register certain variable life insurance policies and/or variable annuity contracts under the 1933 Act; and

WHEREAS, each Account is a duly organized, validly existing segregated asset account, established by resolution of the Board of Directors of the Company, on the date shown for such

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Account on Schedule hereto, to set aside and invest assets attributable to one or more variable life insurance policies and/or variable annuity contracts; and

WHEREAS, the Underwriter is registered as a broker-dealer with the Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as amended (hereinafter the "1934 Act"), and is a member in good standing of the National Association of Securities Dealers, Inc. (hereinafter 11NASD"); and

WHEREAS, the Company has registered or will register each Account as a unit investment trust under the 1940 Act; and

WHEREAS, to the extent permitted by applicable insurance laws and regulations, the Company intends to purchase shares in the Fund at net asset value on behalf of each Account to fund certain of the aforesaid variable life insurance policies and/or variable annuity contracts; and

NOW THEREFORE, in consideration of their mutual promises, the Company, the Fund and the Underwriter agree as follows:

ARTICLE I. <u>Sale of Fund Shares</u>

Subject to the suspension and termination of sales pursuant to 1.2. below,

1.1.(a) The Fund agrees to make available to the Company those shares of the Fund which each Account orders, executing such orders on a daily basis at the net asset value next computed after receipt by the Fund or its designee of the order for the shares of the Fund. For purposes of this Section 1.1, the Company shall be the designee of the Fund for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:15 a.m. Eastern time on the next following Business Day. "Business Day" shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC.

1.1.(b) Anything herein to the contrary notwithstanding the company agrees that it shall not purchase any shares of the fund in respect to any variable life insurance policies or Variable Annuity contracts which are offered to or held by any governmental plan established pursuant to or in accordance with Section 457 of the Internal Revenue Service Code (the "Code").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 The Fund agrees to make its shares available indefinitely for purchase at the applicable net asset value per share by the Company and its Accounts on those days on which the Fund calculates its net asset value pursuant to rules of the SEC and the Fund shall use reasonable efforts to calculate such net asset value on each day which the New York Stock Exchange is open for trading. Notwithstanding the foregoing, the Board of Trustees of the Fund (hereinafter the "Board") may refuse to sell shares of the Fund to any person, or suspend or terminate the offering of its shares if such action is required or ordered by law or by regulatory authorities having jurisdiction over the Board. Notice of election to suspend or

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terminate shall be furnished in writing, by the Fund, said termination to be effective 10 Business Days after receipt of such notice by the Company in order to give the Company sufficient time to take appropriate steps in response to such suspension or termination unless such suspension or termination must be affected in a shorter time as required by law or a regulatory body.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 Subject to any order of suspension or termination by law or by regulatory body, the Fund agrees to redeem for cash, on the Company's request, any full or :fractional shares of the Fund held by the Company, executing such requests on a daily basis at the net asset value next computed after receipt by the Fund or its designee of the request for redemption. For purposes of this Section 1.5, the Company shall be the designee of the Fund for receipt of requests for redemption from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such request for redemption on the next following Business Day. Proceeds shall be wired to Company within three (3) Business Days or such longer period permitted by the Investment Company Act of 1940, as amended (the "1940 Act") or the rules, orders or regulations thereunder, and the Fund shall notify the person designated in writing by Company as the recipient for such notice of such delay by 3:00 p.m. Central time the same Business Day that Company transmits the redemption order to the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 The Company agrees to purchase and redeem the shares of the Fund in accordance with the provisions of this Agreement. The Company agrees that all net amounts available under the variable life insurance policies and/or variable annuity contracts with the form number(s) which are listed on Schedule B attached hereto and incorporated herein by this reference, as such Schedule B may be amended from time to time hereafter by mutual written agreement of all the parties hereto, (the "Contracts") shall be invested in the Fund, in such other Funds advised by the Adviser as may be mutually agreed to in writing by the parties hereto, in the Company's general account, or in an investment company other than the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5 The Company shall pay for Fund shares on the next Business Day after an order to purchase Fund shares is made in accordance with the provisions of Section 1.1 hereof. Payment shall be in federal funds transmitted by wire. For purpose of Section 2.10 and 2.11, upon receipt by the Fund of the federal funds so wired, such funds shall cease to be the responsibility of the Company and shall become the responsibility of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6 Issuance and transfer of the Fund's shares will be by book entry only. Stock certificates will not be issued to the Company or any Account. Shares ordered from the Fund will be recorded in an appropriate title for each Account or the appropriate subaccount of each Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7 The Fund shall furnish same day notice (by wire or telephone, followed by written confirmation) to the Company of any income, dividends or capital gain distributions payable on the Fund's shares. Notwithstanding this Section 1.9, the Fund shall utilize its best efforts to provide the Company with at least ten (10) Business Days advance notice of any forthcoming dividend or capital gain distributions. The Company hereby elects to receive all such income dividends and capital gain distributions as are payable on the Fund shares in additional shares of the Fund. The Company reserves the right to revoke this election and to

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receive all such income dividends and capital gain distributions in cash. The Fund shall notify the Company of the number of shares so issued as payment of such dividends and distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8 The Fund shall make its net asset value per share available to the Company on a daily basis as soon as reasonably practical after the net asset value per share is calculated and shall make such net asset value per share available by 6:30 p.m. Eastern time. If the Fund is unable to meet the 6:30 p.m. time stated herein, it shall provide additional time for the Company to place orders for the purchase and redemption of shares and make any applicable purchase payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9 If the Fund provides the Company with materially incorrect net asset value information through no fault of the Company, the Company shall be entitled to an adjustment with respect to the Fund shares purchased or redeemed to reflect the correct net asset value per share and the Company's responsibility to adjust any Contract owners account value effected by the materially incorrect net asset value. The determination of materiality of any net asset value pricing error shall be based on the SEC's recommended guidelines regarding such errors. Any material error in the calculation or reporting of net asset value per share, dividend or capital gain information shall be reported promptly upon discovery by the Fund to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10 The Fund shall provide written confirmation to the Company of the amount of shares traded and the associated net asset value total trade amount and the outstanding share balances held in the Account(s) as of the end of each Business Day. Such information shall be furnished by 1:00 p.m. Eastern time on the next Business Day.

ARTICLE II. <u>Representations and Warranties</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 The Company represents and warrants that the Contracts are or will be registered under the 1933 Act; that the Contracts will be issued and sold in compliance in all material respects with all applicable federal and state laws and that the sale of the Contracts shall comply in all material respects with state insurance suitability requirements. The Company further represents and warrants that it is an insurance company duly organized and in good standing under applicable law and that it has legally and validly established each Account prior to any issuance or sale thereof as a segregated asset account under the Insurance Code of the State of Texas and has registered or, prior to any issuance or sale of the Contracts, will register each Account as a unit investment trust in accordance with the provisions of the 1940 Act to serve as a segregated investment account for the Contracts and will remain so registered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 The Fund represents and warrants that Fund shares sold pursuant to this Agreement shall be registered under the 1933 Act, duly authorized for issuance and sold in compliance with all applicable federal and state securities laws and that the Fund is and shall remain registered under the 1940 Act. The Fund shall amend the Registration Statement for its shares under the 1933 Act and the 1940 Act from time to time as required in order to effect the continuous offering of its shares. The Fund shall register and qualify the shares for sale in accordance with the laws of the various states only if and to the extent deemed advisable by the Fund or the Underwriter.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 The Fund represents that, under the terms of its investment advisory agreements with Adviser, the Adviser is and will be responsible for managing the Fund in compliance with the Fund's investment objectives, policies and restrictions as set forth in the Fund Prospectus. The Fund represents that these objectives, policies and restrictions do and will include operating as a RIC in compliance with Section 851 of the Code and regulations thereunder. The Fund has adopted and will maintain procedures for ensuring that the Fund is managed in compliance with Section 851 and regulations thereunder. On request, the Fund shall also provide the Company with such materials, cooperation and assistance as may be reasonably necessary for the Company or any appropriate person designated by the Company to review from time to time the procedures and practices of the Adviser or each sub-investment adviser to the Fund for ensuring that the Fund is managed in compliance with Section 851 and regulations thereunder. In the event of any noncompliance regarding its status as a RIC, the Fund shall notify the Company immediately and shall pursue those efforts necessary to enable each affected series of the Fund to qualify once again for treatment as a RIC in compliance with Section 851, including cooperation in good faith with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 The Fund represents that it is lawfully organized and validly existing under the laws of the State of Massachusetts and that it does and will comply in all material respects with the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 The Underwriter represents and warrants that it is duly organized and in good standing under the laws of the State of Illinois. The Underwriter represents and warrants that it is a member in good standing of the National Association of Securities Dealers, Inc. and is registered as a broker-dealer with the SEC. The Underwriter further represents that it will sell and distribute the Fund shares in accordance with all applicable state and federal securities laws, including without limitation the 1933 Act, the 1934 Act and the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 The Underwriter represents and warrants that the Adviser is and shall remain duly registered in all material respects under all applicable federal or state securities laws .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 The Fund and Underwriter represent and warrant that all of their directors, officers, employees, investment advisers, and other individuals/entities dealing with the money or securities of the Fund are and shall continue to be at all times covered by a blanket fidelity bond or similar coverage for the benefit of the Fund in an amount not less than the minimal coverage as required currently by Rule 17g-(1) of the 1940 Act or related provisions as may be promulgated from time to time. The aforesaid Bond shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 The Company represents and warrants that all of its directors, officers, employees, investment advisers, and other entities dealing with the money or securities of the Fund are and shall continue to be at all times covered by a blanket fidelity bond or similar coverage for the benefit of the Fund, in an amount not less than the amount set forth in 17g-(1) of 1940 Act. The aforesaid Bond shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company.

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ARTICLE ID. <u>Prospectuses and Proxy Statements: Voting</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 The Underwriter shall provide the Company with as many copies of the Fund's current prospectus as the Company may reasonably request. If requested by the Company in lieu thereof, the Fund shall provide camera-ready film containing the Fund's prospectus and Statement of Additional Information, and such other assistance as is reasonably necessary in order for the Company once each year (or more frequently if the prospectus and/or Statement of Additional Information for the Fund is amended during the year) to have the prospectus for the Contracts and the Fund's prospectus printed together in one document, and to have the Statement of Additional Information for the Fund and the Statement of Additional Information for the Contracts printed together in one document. Alternatively, the Company may print the Fund's prospectus and/or its Statement of Additional Information in combination with other fund companies' prospectuses and statements of additional information or place the Fund's Prospectus and Statement of Additional Information on the Company's internet website or other electronic media. All expenses of printing and distributing Fund prospectuses and Statements of Additional Information shall not be an expense of the Company. For Fund prospectuses and Statements of Additional Information provided by the Company to its existing owners of Contracts in order to update disclosure as required by the 1933 Act and/or the 1940 Act, the cost of printing shall not be an expense of the Company. If the Company chooses to receive camera-ready film in lieu of receiving printed copies of the underwriter in the Fund's prospectus, the Underwriter or the Fund will reimburse the Company in an amount equal to the product of A and B where A is the number of such prospectuses distributed to owners of the Contracts, and Bis the Fund's per unit cost of typesetting and printing the Fund's prospectus. The same procedures shall be followed with respect to the Fund's Statement of Additional Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 The Fund's prospectus shall state that the Statement of Additional Information for the Fund is available from the Underwriter or the Fund, at its expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 The Fund, at its expense, shall provide the Company with copies of its proxy material, reports to shareholders, and other communications to shareholders in such quantity as the Company shall reasonably require for distribution to Contract owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 If and to the extent required by law the Company shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) solicit voting instructions from Contract owners;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) vote the Fund shares in accordance with instructions received from Contract owners; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) vote Fund shares for which no instructions have been received in the same proportion as Fund shares of such
portfolio for which instructions have been received,

so long as and to the extent that the Securities and Exchange Commission continues to interpret the 1940 Act to require pass-through voting privileges for variable contract owners. The

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Company reserves the right to vote Fund shares held in any segregated asset account in its own right, to the extent permitted by law. Participating Insurance Companies shall be responsible for assuring that each of their separate accounts participating in the Fund calculates voting privileges in a manner consistent with the above standards.

ARTICLE IV. <u>Sales Material and Information</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 The Company shall furnish, or shall cause to be furnished, to the Fund or its designee, each piece of sales literature or other promotional material in which the Fund, the Adviser or the Underwriter is named, at least fifteen Business Days prior to its use. No such material shall be used if the Fund or its designee object to such use within fifteen Business Days after receipt of such material. The Fund, the Adviser, the Underwriter, or its designee reserves the right to reasonably object to the continued use of any such sales literature or other promotional material in which the Fund, the Adviser or the Underwriter is named, and no such material shall be used if the Fund, the Adviser, the Underwriter, or its designee so object.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 The Company shall not give any information or make any representations or statements on behalf of the Fund or concerning the Fund in connection with the sale of the Contracts other than the information or representations contained in the registration statement or prospectus for the Fund shares, as such registration statement and prospectus may be amended or supplemented from time to time, or in reports or proxy statements for the Fund, or in sales literature or other promotional material approved by the Fund or its designee or by the Underwriter, except with the permission of the Fund or the Underwriter or the designee of either.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 The Fund, the Underwriter, or its designee shall furnish, or shall cause to be furnished, to the Company or its designee, each piece of sales literature or other promotional material in which the Company or its Account(s), is named at least fifteen Business Days prior to its use. No such material shall be used if the Company or its designee object to such use within fifteen Business Days after receipt of such material. Notwithstanding that the Company did not initially object, the Company reserves the right to object at any time thereafter to the continued use of any such sales literature or other promotional material in which the Company is named, and no such material shall be used thereafter if the Company so objects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 The Fund and the Underwriter shall not give any information or make any representations on behalf of the Company or concerning the Company, each Account, or the Contracts other than the information or representations contained in a registration statement or prospectus for the Contracts, as such registration statement and prospectus may be amended or supplemented from time to time, or in published reports for each Account which are in the public domain or approved by the Company for distribution to Contract owners, or in sales literature or other promotional material approved by the Company or its designee, except with the permission of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 The Fund will provide to the Company at least one complete copy of all registration statements, prospectuses, Statements of Additional Information, reports, proxy statements, sales literature and other promotional materials, applications for exemptions, requests for no-action letters, and notices, orders or responses relating thereto and all

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supplements and amendments to any of the above, that relate to the Fund or its shares, contemporaneously with the filing of such document with, or the issuance of such documents by, the SEC or other regulatory authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 The Company will provide to the Fund at least one complete copy of all registration statements, prospectuses, Statements of Additional Information, reports, solicitations for voting instructions, sales literature and other promotional materials, applications for exemptions, requests for no action letters, and notices, orders or responses relating thereto and all supplements and amendments to any of the above, that relate to the Contracts or each Account, contemporaneously with the filing of such document with, or the issuance of such documents by, the SEC or other regulatory authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 For purposes of this Article *N,* the phrase "sales literature or other promotional material" includes, but is not limited to, advertisements (such as material published, or designed for use in, a newspaper, magazine, or other periodical, radio, television, telephone or tape recording, videotape display, signs or billboards, motion pictures, telephone directories (other than routine listings), electronic or other pubic media), sales literature <u>(i.e.,</u> any written or electronic communication distributed or made generally available to customers or the public, including brochures, circulars, research reports, market letters, performance reports or summaries, form letters, telemarketing scripts, seminar texts, reprints or excerpts of any other advertisement, sales literature, or published article), educational or training materials or other communications distributed or made generally available to some or all agents or employees, and registration statements, prospectuses, Statements of Additional Information, shareholder reports, and proxy materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 The Fund will provide the Company with as much notice as is reasonably practicable of any proxy solicitation for the Fund, and of any material change in the Fund's registration statement or prospectus, particularly any change resulting in a change to the registration statement or prospectus for any Account. The Fund will work with the Company so as to enable the Company to solicit proxies from Contract owners, or to make changes to its registration statement a prospectus, in an orderly manner. The Fund will make reasonable efforts to attempt to have changes affecting Contract prospectuses become effective simultaneously with the annual updates for such prospectuses.

ARTICLE V. <u>Fees and Expenses</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 The Fund and Underwriter shall pay no fee or other compensation to the Company under this Agreement, except that if the Fund adopts and implements a plan pursuant to Rule 12b-1 to finance distribution expenses, then the Underwriter may make payments to the Company or to the Underwriter for the Contracts if and in amounts agreed to by the Underwriter in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 All expenses incident to performance by the Fund under this Agreement shall be paid by the Fund, its Investment Adviser or the Underwriter. The Fund shall be responsible for ensuring that all its shares are registered and authorized for issuance in accordance with applicable federal law and, if and to the extent deemed advisable by the Fund, in accordance

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with applicable state laws prior to their sale. The Company shall not bear the expenses for the cost of registration and qualification of the Fund's shares, preparation and filing of the Fund's prospectus and registration statement, proxy materials and reports, setting the prospectus in type, setting in type and printing the proxy materials and reports to shareholders (including the costs of printing a prospectus that constitutes an annual report), the preparation of all statements and notices required by any federal or state law, all taxes on the issuance or transfer of the Fund's shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 The Company shall not bear the expenses of printing and distributing the Fund's Prospectus and of printing and distributing the Fund's proxy materials and reports to such Contract owners.

ARTICLE VI. <u>Foreign Tax Credits</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 The Fund agrees to consult in advance with the Company concerning any decision to elect or not to elect pursuant to Section 853 of the Code to pass through the benefit of any foreign tax credits to its shareholders.

ARTICLE VIL <u>Indemnification</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Indemnification By The Company</u> 

7. l(a) The Company agrees to indemnify and hold harmless the Fund, the Underwriter, the Fund's Investment Adviser and each officer and member of the Board of each such entity, and officers and each person if any who "controls" any such entity within the meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties" for purposes of this Section 7.1) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of the Company) or litigation (including legal and other expenses), to which the Indemnified Parties may become subject under any statute, regulation, at common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses (or actions in respect thereof) or settlements are related to the sale or acquisition of the Fund's shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or are based upon any untrue statements or alleged untrue statements of any material fact
contained in the Registration Statement or prospectus for the Contracts or contained in the Contracts or advertisements or sales literature for the Contracts (or any amendment or supplement to any of the foregoing), or arise out of or are based upon
the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified Party if
such statement or omission or such alleged statement or omission was made in reliance upon and in conformity with information furnished to the Company by or on behalf of the Fund for use in the Registration Statement or prospectus for the Contracts
or in the Contracts or advertisements or sales literature (or any amendment or supplement) or otherwise for use in connection with the sale of the Contracts or Fund shares; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or as a result of statements or representations (other than statements or representations
contained in the Registration Statement, prospectus or sales literature of the Fund not supplied by the Company, or persons under its control) or wrongful conduct of the Company or persons under its control, with respect to the sale or distribution
of the Contracts or Fund Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact contained in a Registration
Statement, prospectus, advertisements or sales literature of the Fund or any amendment thereof or supplement thereto or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein not misleading if such a statement or omission was made in reliance upon information furnished to the Fund by or on behalf of the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise as a result of any failure by the Company to provide the services and furnish the materials under the
terms of this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) arise out of or result from any material breach of any representation or warranty made by the Company in this
Agreement or arise out of or result from any other material breach of this Agreement by the Company, as limited by and in accordance with the provisions of Sections 7.1 (b) and 7.1 (c) hereof.

7.1(b) The Company shall not be liable under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation incurred or assessed against an Indemnified Party as such may arise from such Indemnified Party's willful misfeasance, bad faith, or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations or duties under this Agreement or to the Fund, whichever is applicable.

7.1(c) The Company shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Company in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify the Company of any such claim shall not relieve the Company from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Company shall be entitled to participate at its own expense, in the defense of such action. The Company also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from the Company to such party of the Company's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Company will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

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7.1(d) The Indemnified Parties will promptly notify the Company of the commencement of any litigation or proceedings against them in connection with the issuance or sale of the Fund shares or the Contracts or the operation of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Indemnification by the Underwriter</u>

7.2(a) Toe Underwriter agrees to indemnify and hold harmless the Company and the principal underwriter for the Contracts and each of their respective directors and officers and the principal underwriter for the Contracts and each person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties" for purposes of this Section 7.2) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of the Underwriter) or litigation (including legal and other expenses) to which the Indemnified Parties may become subject under any statute, at common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses {or actions in respect thereof) or settlements are related to the sale or acquisition of the Fund's shares or the Contracts and:

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| | |
|:---|:---|
| {i) | arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement or prospectus or advertisements or sales literature of the Fund (or any amendment or supplement to any of the foregoing), or arise out of or are based upon the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified Party if such statement or omission or such alleged statement or omission was made in reliance upon and in conformity with information furnished to the Underwriter or Fund by or on behalf of the Company for use in the Registration Statement or prospectus for the Fund or in sales literature {or any amendment or supplement) or otherwise for use in connection with the sale of the Contracts or Fund shares; or  |

---

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| | |
|:---|:---|
| {ii) | arise out of or as a result of statements or representations (other than statements or representations contained in the Registration Statement, prospectus or sales literature for the Contracts not supplied by the Underwriter or persons under its control) or wrongful conduct of the Fund, Adviser or Underwriter or persons under their control, with respect to the sale or distribution of the Contracts or Fund shares; or  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact contained in a Registration
Statement, prospectus, advertisements or sales literature covering the Contracts, or any amendment thereof or supplement thereto, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make
the statement or statements therein not misleading, if such statement or omission was made in reliance upon information furnished to the Company by or on behalf of the Fund; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise as a result of any failure by the Fund to provide the services and furnish the materials under the
terms of this Agreement (including a failure to qualify as a regulated investment company under Section 851 of the Code); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) arise as a result of the Fund's or Adviser's (or their designated agent's) (i) incorrect
calculation of the daily net asset value, dividend rate or capital gain distribution rate; (ii) incorrect reporting of the daily net asset value, dividend rate or capital gain distribution rate; or (iii) untimely reporting of the net asset
value, dividend rate or capital gain distribution rate. Any gain accruing to the Company attributable to the Fund's or Adviser's (or their designated agent's) incorrect calculation or reporting of the daily net asset value shall be
returned to the Fund by the Company upon receipt of notice from the Fund or the Adviser regarding such incorrect calculation or reporting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) arise out of or result from any material breach of any representation or warranty made by the Fund or the
Underwriter in this Agreement or arise out of or result from any other material breach of this Agreement by the Fund or the Underwriter; as limited by and in accordance with the provisions of Section 7.2(b) and 7.2(c) hereof.

7.2(b) The Underwriter shall not be liable under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation to which an Indemnified Party would otherwise be subject by reason of such Indemnified Party's willful misfeasance, bad faith, or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations and duties under this Agreement or to each Company or the Account, whichever is applicable.

7.2(c) The Underwriter shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Underwriter in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify the Underwriter of any such claim shall not relieve the Underwriter from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Underwriter also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from the Underwriter to such party of the Underwriter's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Underwriter will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

7.2(d) The Company agrees promptly to notify the Underwriter of the commencement of any litigation or proceedings against it or any of its officers or directors in connection with the issuance or sale of the Contracts or the operation of each Account.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 <u>Indemnification By the Fund</u>

7.3(a) The Fund agrees to indemnify and hold hannless the Company and the principal underwriter for Contracts and each of their respective directors and officers and each person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties" for purposes of this Section 7.3) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of the Fund) or litigation (including legal and other expenses) to which the Indemnified Parties may become subject under any statute, at common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses (or actions in respect thereof) or settlements result from the gross negligence, bad faith or willful misconduct of the Board or any member thereof, are related to the operations of the Fund and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise as a result of any failure by the Fund to provide the services and furnish the materials under the
terms of this Agreement (including a failure to qualify as a /gulated investment Company under Section 851 of the Code); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise as a result of the Fund's (or its designated agent's) (i) incorrect calculation of the
daily net asset value, dividend rate or capital gain distribution rate; (ii) incorrect reporting of the daily net asset value, dividend rate or capital gain distribution rate; or (iii) untimely reporting of the net asset value, dividend
rate or capital gain distribution rate. Any gain accruing to the Company attributable to the Fund's (or its designated agent's) incorrect calculation or reporting of the daily net asset value shall be returned to the Fund by the Company
upon receipt of notice from the Fund regarding such incorrect calculation or reporting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of or result from any material breach of any representations or warranty made by the Fund in this
Agreement or arise out of or result from any other material breach of this Agreement by the Fund;

as limited by and in accordance with the provisions of Sections 7.3(b) and 7.3(c) hereof.

7.3(b) The Fund shall not be liable under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation incurred or assessed against on Indemnified Party as such may arise from such Indemnified Party's willful misfeasance, bad faith, or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations and duties under this Agreement or to the Company, the Fund, the Underwriter or each Account, whichever is applicable.

7.3(c) The Fund shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Fund in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent). but failure to notify the Fund of any such claim shall not relieve the Fund from any liability

Page 13 of 21

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which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Fund will be entitled to participate, at its own expense, in the defense thereof. The Fund also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from the Fund to such party of the Fund's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Fund will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

7.3(d) The Company and the Underwriter agree promptly to notify the Fund of the commencement of any litigation or proceedings against it or any of its respective officers or directors in connection with this Agreement, the issuance or sale of the Contracts, with respect to the operation of either Account, or the sale or acquisition of shares of the Fund.

ARTICLE VIII. <u>Applicable Law</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 This Agreement shall be construed and the provisions hereof interpreted under and in accordance with the laws of the State of Texas.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 This Agreement shall be subject to the provisions of the 1933 Act, 1934 Act and 1940 Act, and the rules and regulations and rulings thereunder, including such exemptions from those statutes, rules and regulations as the SEC may grant and the terms hereof shall be interpreted and construed in accordance therewith.

ARTICLE IX. <u>Termination</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 This Agreement shall continue in full force and effect until the first to occur of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) termination by any party for any reason by ninety (90) day's advance written notice delivered to
the other parties; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) termination by the Company by written notice to the Fund and Underwriter based upon the Company's
determination that shares of such Fund are not reasonably available to meet the requirements of the Contracts; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) termination by the Company by written notice to the Fund and the Underwriter in the event the Fund's
shares are not registered, issued or sold in accordance with applicable state or federal law or such law precludes the use of such shares as the underlying investment media of the Contracts issued or to be issued by the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) termination by the Company by written notice to the Fund and the Underwriter in the event that the Fund
ceases to qualify as a Regulated Investment Company under Section 851 of the Code or under any

Page 14 of 21

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successor or similar provision, or if the Company reasonably believes that the Fund may fail to do so qualify; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) termination by either the Fund or the Underwriter by written notice to the Company, if either one or both of
the Fund or the Underwriter respectively, shall determine, in their sole judgment exercised in good faith, that the Company or its affiliated companies has suffered a material adverse change in its business, operations, financial condition or
prospects since the date of this Agreement or is the subject of material adverse publicity; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) termination by the Company by written notice to the Fund and the Underwriter, if the Company shall determine,
in its sole judgment exercised in good faith, that either the Fund, the Adviser or the Underwriter has suffered a material adverse change in its business, operations, :financial condition or prospects since the date of this Agreement or is the
subject of material adverse publicity; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) termination by any party by written notice upon the institution of formal proceedings against the Company,
the Fund, the Adviser or the Underwriter by the NASD, the SEC or other regulatory body; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) termination by any party by advance written notice upon the "assignment" of the Agreement (as
defined under the 1940 Act) unless made with the written consent of each party to the Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) termination by the Company by written notice upon the sale, acquisition or change of control of the Adviser;
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) termination by the Company arising from the substitution of Fund shares with the shares of another investment
company for the Contracts for which the Fund shares have been selected to serve as the underlying investment medium, subject to compliance with applicable regulations of the SEC, Company will give 90 day's written notice to the Fund and the
Underwriter of any proposed action to replace Fund shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) termination by the Company, the Fund or the Underwriter by written notice to the other parties upon a
material breach of the Agreement by the other party; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) termination by the Fund or the Underwriter by written notice to the Company, if the Company gives the Fund
and the Underwriter the written notice specified in Section l .6(b) hereof and at the time such notice was given there was no notice of termination outstanding under any other provision of this Agreement; provided, however any termination under

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this Section 10.l(n) shall be effective forty five (45) days after the notice specified in Section l .6(b) was given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2. <u>Effect of Termination</u>. Notwithstanding any termination of this Agreement, the Fund and the Underwriter shall at the option of the Company, continue to make available additional shares of the Fund pursuant to the terms and conditions of this Agreement, for all Contracts in effect on the effective date of termination of this Agreement (hereinafter referred to as "Existing Contracts"). Specifically, without limitation. the owners of the Existing Contracts shall be permitted to reallocate investments in the Fund, redeem investments in the Fund or invest in the Fund upon the making of additional purchase payments under the Existing Contracts. The parties agree that this Section 10.2 shall not apply to any terminations under Article VII and the effect of such Article VII terminations shall be governed by Article VII of this Agreement.

ARTICLE X. <u>Notices</u>

Any notice shall be sufficiently given when sent by registered or certified mail, overnight delivery or facsimile to the other party at the address of such party set forth below or at such other address as such party may from time to time specify in writing to the other party.

If to the Fund:

<u>307 North Michigan Avenue, Suite 500</u> 

<u>Chicago, Illinois</u> 

Attention: <u>Merrillyn J. Kosier</u>

Fax No. <u>(312} 726-7473</u>

If to the Underwriter:

<u>307 North Michigan Avenue, Suite 500</u>

<u>Chicago, Illinois</u> 

Attention: <u>Merrillyn J. Kosier</u>

Fax No. <u>(312) 726-7473</u>

If to the Company:

2929 Allen Parkway

Houston, TX 77019

Attention: General Counsel

Fax No. (713) 831-1106

ARTICLE XI. <u>Miscellaneous</u>

I I. I All persons dealing with the Fund must look solely to the property of the Fund for the enforcement of any claims against the Fund as neither the Board, officers, agents or shareholders assume any personal liability for obligations entered into on behalf of the Fund.

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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;11.2 Subject to the requirements oflegal process and regulatory authority, each party hereto shall treat as confidential the names and addresses of the owners of the Contracts and all information reasonably identified as confidential in writing by any other party hereto and, except as permitted by this Agreement, shall not disclose, disseminate or utilize such names and addresses and other confidential information until such time as it may come into the public domain without the express written consent of the affected party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 The captions in this Agreement are included for convenience of reference only and in no way define or delineate any of the provisions hereof or otherwise affect their construction or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 This Agreement may be executed simultaneously in two or more counterparts, each of which taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5 If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of the Agreement shall not be affected thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6 Each party hereto shall cooperate with each other party and all appropriate governmental authorities (including without limitation the SEC, the NASD and state insurance regulators) and shall permit such authorities reasonable access to its books and records in connection with any investigation or inquiry relating to this Agreement or the transactions contemplated hereby to the extent practicable and except where a party's respective interests are adverse to or in conflict with another party's interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.7 The rights, remedies and obligations contained in this Agreement are cumulative and are in addition to any and all rights, remedies and obligations, at law or in equity, which the parties hereto are entitled to under state and federal laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.8 This Agreement or any of the rights and obligations hereunder may not be assigned by any party without the prior consent of all parties hereto; provided, however, that the Underwriter may assign this Agreement or any rights or obligations hereunder to any affiliate of or company under common control with the Underwriter, if such assignee is duly organized, licensed and registered to perform the obligations of the Underwriter under this Agreement.

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<u>Schedule A</u>

<u>Accounts</u>

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> Name of Account | <br> Date of Resolution of Company's Board which Established the Account |
| &nbsp;&nbsp;&nbsp;The Variable Annuity Life Insurance Company Separate Account A | April 18, 1979 |

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**<u>Schedule B</u>** 

**<u>Contracts</u>** 

• **Porfolio Director Series** 

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**<u>Schedule C</u>**

**<u>Series of the Fund</u>**

• Ariel Fund

• Ariel Appreciation Fund

• Ariel Premier Bond Fund, Investor Class

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**FIRST AMENDMENT TO PARTICIPATION AGREEMENT AMONG** 

**ARIEL INVESTMENT TRUST, ARIEL DISTRIBUTORS, INC. AND THE** 

**VARIABLE ANNUITY LIFE INSURANCE COMPANY** 

**THIS AMENDMENT,** effective as of the first day of October 2004, by and between Ariel Investment Trust, a Massachusetts business trust ("Fund), Ariel Distributors, Inc., an Illinois Corporation ("Underwriter"), and The Variable Annuity Life Insurance Company ("Company");

**WITNESSETH** 

WHEREAS, the Underwriter, the Fund and the Company heretofore entered into a participation agreement dated November l, 2000 (the "Agreement");

WHEREAS, the Underwriter, the Fund and the Company now wish to amend the Agreement;

NOW THEREFORE, in consideration of the above premises, the Underwriter, the Fund and the Company hereby agree as follows:

1. Restating Section 1.1(a) in its entirety as follows:

The Fund agrees to make available to the Company those shares of the Fund which each Account orders, executing such orders on a daily basis at the net asset value next computed after receipt by the Fund or its designee of the order for the shares of the Fund. For purposes of this Section 1.1, the Company shall be the designee of the Fund for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that such orders are received by the Company during days the securities markets are open, before the earlier of 4:00pm ET or the close of the New York Stock Exchange (NYSE) and that the Fund receives notice of such orders by 10:15am Eastern Time on the next following Business Day. "Business Day" shall mean any day on which the NYSE is open for trading and on which the Fund calculates its net asset value pmsuant to the rules of the SEC. The Company is aware of, and has established procedures that are reasonably designed to complement, (i) the Fund's policy against market timing, and any limitations on round trips, all as set forth in the Fund's most current Prospectus and Statement of Additional Information; and (ii) all applicable federal (including federal agencies such as the Securities and Exchange Commission and the Department of the Treasury), state and self-regulatory organization ("SROs") laws, rules and regulations, including but not limited to those regulations in respect to p1icing, redemption fees, short-tenn trading in Fund Shares, anti-money laundering and customer identification. In addition, the Company's internal systems for processing and transmitting orders are designed to prevent orders received at or after close of the NYSE from being aggregated with orders received before the close of the NYSE and to prevent "market timing" transactions in violation of the requirements of the Fund set forth in its prospectus.

2. Amending Article X as follows:

If to the Fund:

200 East Randolph Drive, Suite 2900

------

Chicago, IL 60601

Attn: Merrillyn J. Kosier

Fax: 312-726-7473

If to the Underwriter:

200 East Randolph Drive, Suite 2900

Chicago, IL 60601

Attn: Merrillyn J. Kosier

Fax: 312-726-7473

3. All other terms and conditions contained in the Agreement remain the same.

![LOGO](g934124dsp002.jpg)

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**SECOND AMENDMENT TO PARTICIPATION AGREEMENT** 

THIS SECOND AMENDMENT (the "Amendment") is made as of the 9th day of June 2006 by and between Ariel Investment Trust, a Massachusetts business trust (the "Fund"), Ariel Distributors, Inc., an Illinois corporation (the "Underwriter"), and The Variable Annuity Life Insurance Company, a Texas corporation (the "Company").

**WITNESSETH** 

WHEREAS, the Fund, the Underwriter and the Company entered into a Participation Agreement dated the 1<sup>st</sup> day of November 2000 (the "Agreement");

WHEREAS, the Fund, the Underwriter and the Company have previously amended the Agreement through the First Amendment to Participation Agreement, dated October 1, 2004; and

WHEREAS, the Fund, the Underwriter and the Company now wish to further amend the Agreement;

NOW THEREFORE, in consideration of the above premises, the Fund, the Underwriter and the Company hereby agree as follows:

1. Schedule C to the Agreement shall be amended by deleting Ariel Premier Bond Fund, Investor Class and replacing it with Ariel Focus Fund (Ticker: ARFFX).

2. The following paragraphs shall be added to Section l. l(a) of the Agreement:

The Company agrees to provide the Underwriter and the Fund, upon written request, the Taxpayer Identification Number ("TIN"), if known, of any or all investors in the Plans and the amount, date, name or other identifier of any investment professional(s) associated with the investor (if known), and transaction type (purchase, redemption, transfer, or exchange) of every purchase, redemption, transfer, or exchange of shares of the Fund held through an Account maintained by the Company during the period covered by the request. Requests must set forth a specific period for which transaction information is sought not to exceed ninety (90) days prior to the date of the request. The Underwriter and/or the Fund may request transaction information more than 90 days from the date of the request as deemed necessary to investigate compliance with policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the shares issued by the Fund.

The Company agrees to transmit the requested information that is on its books and records to the Underwriter and the Fund promptly, but in any event no later than ten (10) business days, after receipt of a request. If the requested information is not on the Company's books and records, the Company agrees to: (i) provide or arrange to provide to the Underwriter and the Fund the requested information from investors who hold an Account with an indirect intermediary; or (ii) if directed by the Underwriter or the Fund, block further purchases of shares issued by the Fund from such indirect intermediary. In such instance, the Company agrees to inform the Underwriter and the Fund whether it plans to perform (i) or (ii). Responses required

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by this paragraph must be communicated in writing and in a format mutually agreed upon by the parties. To the extent practicable, the format for any transaction information provided to the Underwriter and the Fund should be consistent with the NSCC Standardized Data Reporting Format. For purposes of this paragraph, an "indirect intermediary" has the same meaning as in Rule 22c-2 under the 1940 Act. The Underwriter and the Fund agree not to use the information received for marketing or any other similar purpose without the prior written authorization of the Company.

The Company agrees to execute written instructions from the Underwriter and the Fund to restrict or prohibit further purchases or exchanges of shares by an investor that has been identified by the Underwriter or the Fund as having engaged in transactions of the shares of the Fund (directly or indirectly through the Company) that violate policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the shares issued by the Fund. Instructions must include the TIN, if known, and the specific restriction(s) to be executed. If the TIN is not known, the instructions must include an equivalent identifying number of the investor(s) or Account(s) or other agreed upon information to which the instruction relates. The Company agrees to execute instructions as soon as reasonably practicable, but not later than five (5) business days after receipt of the instructions by the Company. The Company must provide written confirmation to the Underwriter and the Fund that instructions have been executed. The Company agrees to provide confirmation as soon as reasonably practicable, but not later than ten (10) business days after the instructions have been executed.

3. The following language shall be added as new Section 1.11 to the Agreement:

The Company shall have the option to submit trades via phone, facsimile or other electronic means into the Fund's transfer agent prior to the close of the New York Stock Exchange each Business Day for which there is an order for shares of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Orders will be processed per the instructions provided by the Company, using the next
calculated Net Asset Value (NAY) for that business day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payment for net purchases of shares of the Fund will be forwarded to the Fund's
transfer agent by wire transfer prior to 4:00 p.m. Eastern Time the following Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payment for net redemptions will be forwarded to the Company by wire transfer using pre-designated wire instructions by 4:30 p.m. Eastern Time on the following Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company will process all instructions in accordance with the Fund rules as
outlined in the then-current prospectus and statement of additional information.

4. All other terms and conditions contained in the Agreement remain the same.

[Signature page to follow]

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**AMENDMENT TO PARTICIPATION AGREEMENT** 

Regarding

**FUND SHAREHOLDER REPORTS** 

This Amendment (the "Amendment") is entered into as of January 1, 2021, by and among **The Variable Annuity Life Insurance Company** (the "Company") on its own behalf and on behalf of each separate account of the Company as set forth on Schedule A, as may be amended from time to time (individually and collectively the "Accounts"), and **Ariel Investment Trust** (the "Fund"), a Massachusetts Business Trust, and **Ariel Distributors, LLC** (formerly **Ariel Distributors, Inc.**) (the "Underwriter"), a Delaware limited liability company.

**RECITALS** 

WHEREAS, the Company, the Fund, and the Underwriter (collectively, the "Parties") have entered into a certain Participation Agreement dated November 1, 2000, as amended (the "Participation Agreement"); and

WHEREAS, pursuant to the Participation Agreement among the Parties, the Company invests in shares of certain of the portfolios of the Fund (the "Portfolios") as a funding vehicle for the Accounts thatissue variable annuity and/or life insurance contracts (the "Variable Contracts") to persons that are registered owners of such Variable Contracts on the books and records of the Company (the "Contract Owners"); and

WHEREAS, the Fund maintains on its books and records one or more account(s) that hold and record shares of the Portfolios owned by the Company on behalf of the Accounts; and

WHEREAS, the Accounts are registered as unit investment trusts under the Investment Company Act of 1940, as amended (the "1940 Act"); and

WHEREAS, the Accounts and/or the Company have certain obligations pursuant to Rule 30e-2 under the 1940 Act to deliver Fund shareholder reports to Contract Owners, which obligations may be satisfied by compliance with Rule 30e-3 under the 1940 Act ("Rule 30e-3" or "the Rule"); and

WHEREAS, the Parties desire to supplement and amend the Participation Agreement to reflect and implement the requirements, terms and conditions of Rule 30e-3 so as to satisfy the Accounts' and the Company's obligations under Rule 30e-2 and enable them to rely on Rule 30e- 3;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Company, the Fund, and the Underwriter hereby agree to supplement and amend the Participation Agreement as follows:

**1. Maintaining Website; Posting and Availability of Fund Shareholder Reports and Other Required Materials**. The Fund and the Underwriter shall be responsible for and shall fulfill the website posting and other requirements and obligations specified in paragraph (b) of Rule 30e-3, as amended from time to time. Without limiting the generality of the foregoing:

***(a).*** The Fund and the Underwriter shall ensure that, as specified in paragraph (b)(1) of Rule 30e-3, the following Fund materials are posted to a website address specified by the Fund (the "Specified Website"), and are publicly accessible and free of charge on the Specified Website: (i) *Current Report to Shareholders*; (ii) *Prior Report to Shareholders*; (iii) *Complete Portfolio Holdings From Reports Containing a Summary Schedule of Investments*; and (iv) *Portfolio Holdings For Most Recent First and*

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*Third Fiscal Quarters*; all of (i) through (iv) to be as specified in paragraph (b)(1) of Rule 30e- 3 (items (i) through (iv) collectively, the "Required Materials");

**(b).** The Fund and the Underwriter shall ensure that the Required Materials are presented on the Specified Website in a format, or formats, that are convenient for both reading online and printing on paper (in accordance with paragraph (b)(3) of Rule 30e-3);

**(c).** The Fund and the Underwriter shall ensure that persons accessing the Required Materials are able to permanently retain, free of charge, an electronic version of the Required Materials in a format, or formats, that meet the conditions of paragraph (b)(3) of Rule 30e-3 (in accordance with paragraph (b)(4) of Rule 30e-3);

**(d).** The Fund and the Underwriter shall ensure that the Required Materials are posted at the Specified Website when required by Rule 30e-3, and kept current (up-to-date) and posted for the duration or period required by Rule 30e-3;

**(e).** Compliance by the Fund and the Underwriter with the "safe harbor" provisions, terms andconditions of paragraph (b)(5) of Rule 30e-3 shall constitute compliance with subsections (a) through (d) of this section 1 of this Amendment (for this purpose, the "Company" referred to in said paragraph (b)(5) of Rule 30e-3 means the Fund); and

**(f).** The Fund and the Underwriter shall notify the Company of the posting of each of the Required Materials (pursuant to subsection (a) above) prior to or simultaneously with each posting of the Required Materials; said notice shall be in a mutually agreed upon manner (*e.g.*, e-mail) intended to ensure that the Company receives the notice no later than the time that the particular item of Required Material is posted.

**2. Content of Required Materials.** The Fund and the Underwriter shall be responsible for the content of the Required Materials as posted to the Specified Website, including, but not limited to, the accuracy and completeness of the Required Materials. Without limiting the generality of the foregoing in any manner, the Fund and the Underwriter shall be responsible for ensuring that the Required Materials as posted to the Specified Website:

**(a).** Meet the applicable standards of the Securities Act of 1933, as amended; the Securities Exchange Act of 1934, as amended; the 1940 Act; and all rules and regulations under those Acts; and

**(b).** Do not contain any untrue statement of a material fact or omit to state a material fact necessaryin order to make the statements made, in light of the circumstances under which they are made, not misleading.

**3. Specified Website.** 

**(a).** The Specified Website is as identified in Schedule B hereto, as it may be changed by the Fund from time to time; *provided,* that the Fund shall provide the Company with as much notice as reasonably practicable of any change of the Specified Website, but in no event less than 60 days prior written notice of any such change.

**(b).** The Fund and the Underwriter shall ensure that the Specified Website address is "specific enough," and that any links thereon are sufficiently "prominent," to meet the requirements of paragraph (c)(1)(iv) of Rule 30e-3 (in addition to the requirements of paragraph (b) of the Rule).

***4.* Paper Notice to Contract Owners.** The Company shall be responsible for providing the paper *Notice* to its Contract Owners, in accordance with paragraphs (c) and (d) of Rule 30e-3 (except that the Company

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is not responsible for the website requirements specified in paragraph (c)(1)(iv) of the Rule, which are the responsibility of the Fund and Underwriter pursuant to subsection 3(b) above).

**5. Delivery of Paper Copy Upon** *"****Ad Hoc****"* **Request.** The Company shall be responsible for fulfilling *ad hoc* requests from Contract Owners for a paper copy of any of the Required Materials, in accordance with paragraph (e) of Rule 30e-3.

**6. Investor Elections to Receive Future Fund Reports in Paper.** The Company shall be responsible for fulfilling Contract Owner elections to receive future Fund shareholder reports in paper, in accordance with paragraph (f) of Rule 30e-3.

**7. Provision of Paper or Electronic Documents.** The Fund and the Underwriter shall:

**(a).** At their expense, provide the Company with sufficient paper copies of the then current Required Materials as the Company shall reasonably request, so that the Company may maintain a supply of such current paper documents sufficient in its reasonable judgment to meet anticipated requests from Contract Owners under sections 5 and 6 above (see paragraphs (e) and (f) of Rule 30e-3). Such requests shall be fulfilled reasonably promptly within a time frame that will allow the Company to deliver such Required Materials in accordance with applicable regulations.

**(b).** Alternatively, if requested by the Company in lieu thereof, the Fund or its designee shall provide such electronic or other documentation (including "camera ready" copies of the current Required Materials as set in type, or at the request of the Company, a diskette in a form suitable to be sent to a financial printer), and such other assistance as is reasonably necessary to have the then current Required Materials printed for distribution pursuant to sections 5 and 6 hereof, as such Required Materials are posted to the Specified Website; the reasonable costs of providing the electronic documentation and of such printing to be borne by the Fund.

**8. Force Majeure Event.** Each Party is excused from performance under this Amendment and shall not be liable for any delay in performance or non-performance, in whole or in part, caused by the occurrence of any event or contingency beyond the control of the parties including, but not limited to, work stoppages, fires, civil disobedience, riots, rebellions, natural disasters, acts of God, acts of war or terrorism (actual or threatened), actions or decrees of governmental bodies, and similar occurrences. The Party who has been so affected shall promptly give written notice to the other Party and shall use its best efforts to resume performance. Upon receipt of such notice, all obligations under this Amendment shall be immediately suspended for the duration of such Force Majeure Event.

**9. Construction of this Amendment; Participation Agreement**.

**(a).** This Amendment shall be interpreted to be consistent with, and to facilitate compliance withand reliance on, Rule 30e-3 under the 1940 Act and any interpretations of the Rule by the Securities and Exchange Commission, its staff, courts, or other appropriate legal authorities.

**(b).** The Parties have entered into the Participation Agreement between and among them for the purchase and redemption of shares of the Funds by separate accounts maintained by the Company. This Amendment supplements the Participation Agreement. To the extent the terms of this Amendment conflict with the terms of the Participation Agreement, the terms of this Amendment shall control; otherwise, and except as otherwise specifically set forth in this Amendment, the terms of the Participation Agreement shall continue to apply, and shall apply to the duties, responsibilities, rights and obligations of the Parties under and pursuant to this Amendment.

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**10. Termination.** This Amendment shall terminate upon the earlier of:

**(a).** termination of the Participation Agreement; or

**(b).** 180 days written notice from any Party to the other Parties.

**11. Indemnification.** The Fund and the Underwriter specifically agree to indemnify and hold harmless the Company (and its officers, directors, and employees) from any and all liability, claim, loss, demand, damages, costs and expenses (including reasonable attorney's fees) arising from or in connection with any claim or action of any type whatsoever brought against the Company (or its officers, directors, and employees) as a result of any failure or alleged failure by the Fund or Underwriter to maintain the Specified Website and post the Required Materials in accordance with the terms of this Amendment and to fulfill their other duties and responsibilities under this Amendment. This indemnification shall be in addition to and not in lieu of the indemnification provided for in the Participation Agreement, but shall be subject to and in accordance with the terms and conditions of the Participation Agreement.

**12. Notices.** All notices or other communications required or provided for in this Amendment to any Party shall be duly given if:

**(a).** sent by registered or certified mail, mailed, first class postage prepaid, hand delivered or sent by overnight courier service to the applicable address set forth below; or

**(b).** sent to an authorized employee, agent or representative of the receiving Party by electronic mail or by facsimile, at the electronic address that the recipient Party may from time to time specify in writing to the other Party(ies).

The Company:

The Variable Annuity Life Insurance Company

2929 Allen Parkway, L13-20

Houston, TX 77019

Attention: Thomas M. Ward

E-mail: Tom.Ward@aig.com

Phone: (713) 831-5399

copy to:

The Variable Annuity Life Insurance Company

2919 Allen Parkway, L4-01

Houston, TX 77019

Attention: General Counsel

The Fund:

Ariel Investment Trust

200 East Randolph Street

Suite 2900

Chicago, IL 60601

Attention: Mareile B. Cusack, Vice

President

Email:

mcusack@arielinvestments.com

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The Underwriter:

Ariel Distributors, LLC

200 East Randolph Street

Suite 2900

Chicago, IL 60601

Attention: Mareile B. Cusack, Vice

President, General Counsel

**13. Applicable Law.** This Amendment shall be governed by and construed in accordance with the laws of the State of Texas without giving effect to principles of conflicts of laws.

**14. Assignment.** No Party to this Amendment may assign this Amendment, or any of the rights, obligations, or liabilities under this Amendment, without the written consent of all Partieshereto.

**15. Counterparts and Delivery.** This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument. A signed copy of this Amendment delivered by facsimile or by emailing a copy in .pdf form shall be treated as an original and shall bind all Parties just as would the exchange of originally signed copies.

**16. Joint and Several Liability.** The responsibilities, obligations, duties and liabilities of the Fund and Underwriter under this Amendment shall be joint and several.

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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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![LOGO](g934124dsp266.jpg)  |
| Date: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3/29/2021 |

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**SCHEDULE A** 

**Separate Accounts of the Company** 

The Variable Annuity Life Insurance Company Separate Account A

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**SCHEDULE B** 

**Specified Website** 

http:www.dfinview.com/arielfunds

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Exhibit B

**Request for Information Form** 

We hereby request that [Life Insurance Company] provide the Transaction Information indicated below.

Please provide the following information about the Transaction Information requested:

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| |
|:---|
| Contract Number\* |
| And |
| Tax Identification Number\*\*: |
| Trust Name: |
| Fund Name: |
| Fund Manager: |
| Covered Period\*\*\*: |

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| |
|:---|
| Requesting Person\*\*\*\*: |
| Signature: |
| Date: |
| Telephone Number: |
| Facsimile Number: |

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\* or participant account number if applicable. Failure to complete this item shall not prevent this Form from being in Good Form.

\*\* or Individual/International Taxpayer Identification Number (ITIN), other government-issued identifier or equivalent identifying number. Failure to complete this item shall not prevent this Form from being in Good Form.

\*\*\* the covered period shall not include any day that is earlier than 180 days prior to the day Intermediary received this form in Good Form

\*\*\*\* person must be duly authorized person as previously provided by the Trust

**PLEASE E-MAIL THIS FORM TO <u>SaamcoLegal@aig.com</u>,** 

**ATTENTION "RULE 22C-2 INFORMATION REQUEST"** 

**PLEASE COMPLETE EACH ITEM.** 

**INCOMPLETE FORMS WILL NOT BE PROCESSED.** 

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**Exhibit C** 

**Instructions to Restrict Trading Form** 

[Life Insurance Company] is hereby instructed to restrict purchase or exchanges into the Fund indicated below by the Contract indicated below.

Please provide the following information about the Contract to be restricted:

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| |
|:---|
| Contract Number\* |
| And |
| Tax Identification Number\*\*: |

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Please provide the following information about the Fund to be restricted:

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| |
|:---|
| Trust Name: |
| Fund Name: |
| Fund Manager: |

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Please provide the following information about the time period for which trading should be restricted:

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| |
|:---|
| Start Date\*\*\*: |
| End Date: |

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| |
|:---|
| Requesting Person\*\*\*\*: |
| Signature: |
| Date: |
| Telephone Number: |
| Facsimile Number: |

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\* or participant account number if applicable

\*\* or Individual/International Taxpayer Identification Number (ITIN), other government-issued identifier or equivalent identifying number

\*\*\* Start date will be no earlier than 48 hours after receipt of form in "Good Form"

\*\*\*\* person must be duly authorized person as previously provided by the Trust

**PLEASE E-MAIL THIS FORM TO <u>SaamcoLegal@aig.com</u>,** 

**ATTENTION "RULE 22C-2 RESTRICTION"** 

**PLEASE COMPLETE EACH ITEM.** 

**INCOMPLETE FORMS WILL NOT BE PROCESSED.** 

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<u>Schedule A</u> 

<u>Accounts</u> 

Name of Account   <u> Date of Resolution of Company's Board which Established the Account</u> <br> USL Separate Account RS   <u>June 14, 2024</u>

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<u>Schedule C</u> 

<u>Series/Share Class</u> 

Ariel Fund – Investor Class Shares

Ariel Appreciation Fund – Investor Class Shares

## Ex-99.(H)(2)(Ii)

**<u>ADMINISTRATIVE SERVICES AGREEMENT</u>**

THIS AGREEMENT (the "Agreement"), made and entered into as of this 2<sup>nd</sup> day of October, 2024 by and among THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, a New York life insurance company (hereinafter the "Company"), on its own behalf and on behalf of the separate accounts listed on Schedule One hereto, each a segregated asset account of the Company (each referred to as an "Account"), and ARIEL DISTRIBUTORS, LLC (collectively with its predecessor, Ariel Distributors, Inc., the "Distributor"); the Company and the Distributor referred to herein collectively as the "Parties."

WITNESSETH:

WHEREAS, THE VARIABLE ANNUITY LIFE INSURANCE COMPANY ("VALIC") and the Distributor entered into an Administrative Services Agreement on November 1, 2000, as amended (the "VALIC ASA");

WHEREAS, the Parties and ARIEL INVESTMENT TRUST (the "Trust") have entered into a participation agreement dated as of October 2, 2024, as may be amended from time to time (the "Participation Agreement");

WHEREAS, Distributor provides services to the series ("Funds") of the Trust listed on Schedule One to this Agreement;

WHEREAS, Distributor desires the Company to provide administrative services detailed in this Agreement;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Company and the Distributor hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties hereto adopt and agree to the terms of the VALIC ASA in the form attached hereto as Appendix A ("Appendix A"), which for this purpose excludes the signature pages to such VALIC ASA, subject to the changes described below. For avoidance of doubt, this Agreement does not amend, delete or supersede the VALIC ASA or amend, delete or supersede agreement(s), if any, between the Parties with respect to other separate accounts of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For purposes of this Agreement, all references to The Variable Annuity Life Insurance Company or VALIC in Appendix A are deleted and replaced with The United States Life Insurance Company in the City of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For purposes of this Agreement, all references to Ariel Distributors, Inc., an Illinois corporation in Appendix A are deleted and replaced with Ariel Distributors, LLC, a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. For purposes of this Agreement, the applicable state law in Section 15 of Appendix A under which this Agreement shall be construed shall be the laws of the State of New York instead of the laws of the State of Texas.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. For purposes of this Agreement, Schedule One in Appendix A is deleted and replaced with the separate Schedule One to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. For purposes of this Agreement, the following is added to Appendix A as an additional provision: Trademark Licensing. As a distributor for the Funds marketed under the trademarks set forth on Appendix B (the "Trademarks"), Distributor grants to Company a revocable, royalty-free right and license to use the Trademarks in a non-misleading manner in Company's advertising and promotional material (the "Marketing Materials"). Such right and license is subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Company agrees to use the Trademarks only with reference to the Funds marketed under the Trademarks.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Company shall not obliterate, deface, destroy, cancel or otherwise alter the commercial impression of the
Trademarks in any way in conjunction with its use, and shall use the symbol <sup>™</sup> adjacent to a Trademark until such Trademark is registered by the USPTO, and thereafter, the symbol <sup>®</sup>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All Marketing Materials shall include a legend stating that the Trademarks used therein are owned by, and used
with the permission, of Distributor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Distributor reserves all rights not expressly granted to Company under this Agreement. Company understands and
agrees that the rights granted by Distributor above to use the Trademarks convey to the Company no greater rights than those expressly stated herein. In particular, Company shall at no time acquire any legal or equitable right, title or interest of
any sort in the Trademarks or in the use thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All uses of the Trademarks by Company and all goodwill generated by Company's use of the Trademarks shall
inure to the benefit of Distributor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Upon Distributor's reasonable request, Company will promptly provide samples of Marketing Materials to
Distributor for review to determine Company's compliance with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) At the request of Distributor, Company shall immediately terminate all use of the Trademarks in the Marketing
Materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. At the time of entering into this Agreement, American International Group ("AIG") has a controlling interest of the parent company of the Company. AIG intends to transfer a "controlling" block of outstanding voting securities of the Company's parent company (the "Divestment") within the meaning of Section 2(a)(4) of the Investment Company Act of 1940 (the "1940 Act") and, as a result, the Company will no longer be a "controlled company" of AIG within the meaning of the 1940 Act (the "Change of Control"). The Distributor hereby consents to any "assignment" of this Agreement that is deemed to have occurred as a result of the Change of Control. Further, the Distributor hereby consents to any future assignments that may

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occur as the result of the sale of a controlling block of securities to a new controlling company, so long as such assignment occurs during the Divestment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. This Agreement shall be interpreted consistent with the intent of the Parties which is to create a fully separate agreement among the Parties in respect of investment(s) by the Company, on behalf of the Accounts, in shares of Funds of the Trust.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.

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| | |
|:---|:---|
| THE UNITED STATES LIFE INSURANCE COMPANY | THE UNITED STATES LIFE INSURANCE COMPANY |
| IN THE CITY OF NEW YORK | IN THE CITY OF NEW YORK |
| By: | ![LOGO](g934124page009a.jpg) <br>|
|  | Name: Barbara Rayll |
|  | Title: Vice President, Business Case Development |
| ARIEL DISTRIBUTORS, LLC | ARIEL DISTRIBUTORS, LLC |
| By: | ![LOGO](g934124page009b.jpg) <br>|
|  | Name: Emma L. Rodriguez-Ayala |
|  | Title: EVP, Chief Administrative Officer and General Counsel |

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<u>Appendix A</u> 

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**AGREEMENT** 

**THIS AGREEMENT** ("Agreement") made as of November 1, 2000, is by and between **ARIEL DISTRIBUTORS, INC.,** a Illinois corporation ("Underwriter") and **THE VARIABLE ANNUITY LIFE INSURANCE COMPANY,** a Texas corporation ("VALIC").

**WITNESS ETH:** 

**WHEREAS,** each of the investment companies listed on <u>Schedule One</u> hereto ("<u>Schedule One</u>," as the same may be amended from time to time), is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the "Act") (such investment companies are hereinafter collectively called the "Funds," or each a "Fund"); and

**WHEREAS,** each of the Funds is available as an investment vehicle for VALIC for its separate account to fund variable annuity contracts ("Contracts") listed on <u>Schedule Two</u> hereto ("<u>Schedule Two</u>," as the same may be amended from time to time); and

**WHEREAS,** VALIC has entered into a participation agreement dated November 1, 2000, among VALIC, the Fund, and the Funds' underwriter (the "Participation Agreement," as the same may be amended from time to time); and

**WHEREAS,** Underwriter desires VALIC to provide the administrative services specified in the attached <u>Exhibit A</u> ("Administrative Services and other Shareholder Services"), in connection with the Contracts for the benefit of persons who maintain their ownership interests in the separate account, whose interests are included in the master account ("Master Account") referred to in paragraph 1 of <u>Exhibit A</u> ("Shareholders"), and VALIC is willing and able to provide such Administrative Services on the terms and conditions hereinafter set forth;

**NOW, THEREFORE,** in consideration of the premises and mutual covenants hereinafter contained, each party hereto severally agrees as follows:

1. VALIC agrees to perform the Administrative Services specified in <u>Exhibit A</u> and other Shareholder
Services hereto for the benefit of the Shareholders.

2. VALIC represents and agrees that it will maintain and preserve all records as required by law to be
maintained and preserved in connection with providing the Administrative Services, and will otherwise comply with all laws, rules and regulations applicable to the Administrative Services.

3. VALIC agrees to provide copies of all the historical records relating to transactions between the Funds and
Shareholders, and all written communications and other related materials regarding the Fund(s) to or from such Shareholders, as reasonably requested by The Fund or Underwriter or its representatives (which representatives, include, without
limitation, its auditors, legal counsel or the Investment Adviser of the Fund, as the case may be), to enable

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Underwriter or its representatives to monitor and review the Administrative Services performed by VALIC, or comply with any request of the board of directors, or trustees or general partners (collectively, the "Directors") of any Fund, or of a governmental body, self-regulatory organization or Shareholder. <br>

In addition, VALIC agrees that it will permit Underwriter, the Funds or their representatives, to have reasonable access to its personnel and records in order to facilitate the monitoring of the quality of the Administrative Services.

4. VALIC may, with the consent of Underwriter, contract with or establish relationships with other parties for
the provision of the Administrative Services or other activities of VALIC required by this Agreement, or the Participation Agreement, provided that VALIC shall be fully responsible for the acts and omissions of such other parties.

5. VALIC hereby agrees to notify Underwriter promptly if for any reason it is unable to perform fully and
promptly any of its obligations under this Agreement.

6. VALIC hereby represents and covenants that it does not, and will not, own or hold or control with power to
vote any shares of the Funds which are registered in the name of VALIC or the name of its nominee and which are maintained in VALIC variable annuity or variable life insurance accounts. VALIC represents further that it is not registered as a
broker-dealer under the Securities Exchange Act of 1934, as amended (the "l934 Act"), and it is not required to be so registered, including as a result of entering into this Agreement and performing the Administrative Services, and other
obligations of VALIC set forth in this Agreement.

7. The provisions of the Agreement shall in no way limit the authority of Underwriter, the Fund or the
Fund's Investment Adviser to take such action as any of such parties may deem appropriate or advisable in connection with all matters relating to the operations of any of such Funds and/or sale of its shares.

8. In consideration of the performance of the Administrative Services and other Shareholder Services by VALIC,
beginning on the date hereof, agrees to pay VALIC a quarterly amount that is equal on an annual basis to 0.25 basis points (0.25%) of the average daily net assets of the Fund held in the Contracts. The foregoing fee will be paid by Underwriter to
VALIC within 20 days of the end of each calendar quarter, without demand or notice by VALC.

Notwithstanding anything in this Agreement or the Participation Agreement appearing to the contrary, the payments by Adviser to VALIC relate solely to the performance by VALIC of the Administrative Services described herein and other Shareholder Services, and do not constitute payment in any manner for insurance services provided by VALIC to VALIC policy or contract owners, or to any separate account organized by VALIC, or for any investment advisory services, or for costs associated with the distribution of any variable annuity or variable life insurance contracts. <br>

9. VALIC shall indemnify and hold harmless each of the Funds, the Fund's Investment Adviser and
Underwriter and each of their respective officers, Directors, employees and agents from and against any and all losses, claims, damages, expenses, or liabilities that any one or more

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of them may incur including without limitation reasonable attorneys' fees, expenses and costs arising out of or related to the performance or non-performance by VALIC of the Administrative Services under this Agreement.

10. This Agreement may be terminated without penalty at any time by VALIC or by the Underwriter as to one or
more of the Funds collectively, upon ninety days (90) written notice to the other party. Notwithstanding the foregoing, the provisions of paragraphs 2, 3, 9 and 11 of this Agreement, shall continue in full force and effect after termination of
this Agreement.

This Agreement shall not require VALIC to preserve any records (in any medium or format) relating to this Agreement beyond the time periods otherwise required by the laws to which VALIC or the Funds are subject provided that such records shall be offered to the Funds in the event VALIC decides to no longer preserve such records following such time periods. <br>

11. After the date of any termination of this Agreement in accordance with paragraph 10 of this Agreement, no
fee will be due with respect to any amounts in the Contracts first placed in the Master Account for the benefit of Shareholders after the date of such termination. However, notwithstanding any such termination, Underwriter will remain obligated to
pay VALIC the fee specified in paragraph 8 of this Agreement, with respect to the value of each Fund's average daily net assets maintained in the Master Account with respect to the Contracts as of the date of such termination, for so long as
such amounts are held in the Master Account and VALIC continues to provide the Administrative Services with respect to such amounts in conformity with this Agreement. This Agreement, or any provision hereof, shall survive termination to the extent
necessary for each party to perform its obligations with respect to amounts for which a fee continues to be due subsequent to such termination.

12. VALIC understands and agrees that the obligations of the Underwriter under this Agreement are not binding
upon any of the Funds, upon any of their Board members, officers, or upon any shareholder of any of the Funds.

13. It is understood and agreed that in performing the services under this Agreement VALIC, acting in its
capacity described herein, shall at no time be acting as an agent for the Fund's Investment Adviser, Underwriter or any of the Funds. VALIC agrees, and agrees to cause its agents, not to make any representations concerning a Fund except those
contained in the Fund's then-current prospectus; in current sales literature furnished by the Fund, the Fund's Investment Adviser or Underwriter to VALIC; in the then current prospectus for a variable annuity contract or variable life
insurance policy issued by VALIC or then current sales literature with respect to such variable annuity contract or variable life insurance policy, approved by the Fund's Investment Adviser.

14. This Agreement, including the provisions set forth herein in paragraph 8, may only be amended pursuant to a
written instrument signed by the party to be charged. This Agreement may not be assigned by a party hereto, by operation of law or otherwise, without the prior written consent of the other party.

15. This Agreement shall be governed by the laws of the State of Texas, without giving effect to the principles
of conflicts of law of such jurisdiction.

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16. This Agreement, including <u>Exhibit A, Schedule One</u> and <u>Schedule Two</u>, constitutes the entire
agreement between the parties with respect to the matters dealt with herein and supersedes any previous agreements and documents with respect to such matters. The parties agree that Schedule One and/or Schedule Two may be replaced from time to time
with a new Schedule One and/or Schedule Two to accurately reflect any changes in the Funds available as investment vehicles and/or the Contracts available, under the Participation Agreement, respectively.

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**SCHEDULE ONE** 

---

| | |
|:---|:---|
| **<u>Investment Company Name:</u>** | **<u>Series Name(s):</u>** |
| Ariel Investment Trust | Ariel Fund |
|  | Ariel Appreciation |
|  | Ariel Premier Bond Fund, Investor Class |

---

------

**SCHEDULE TWO** 

**List of Contracts** 

• Portfolio Director Series

------

**EXHIBIT A** 

Pursuant to the Agreement by and among the parties hereto, VALIC shall perform the following Administrative Services:

1. Maintain separate records for each Shareholder, which records shall reflect shares purchased and redeemed
for the benefit of the Shareholder and share balances held for the benefit of the Shareholder. VALIC shall maintain the Master Account with the transfer agent of the Fund on behalf of Shareholders and such Master Account shall be in the name of
VALIC or its nominee as the record owner of the shares held for such Shareholders.

2. For each Fund, disburse or credit to Shareholders all proceeds of redemptions of shares of the Fund and all
dividends and other distributions not reinvested in shares of the Fund or paid to the Separate Account holding the Shareholders' interests.

3. Prepare and transmit to Shareholders periodic account statements showing the total number of shares held for
the benefit of the Shareholder as of the statement closing date (converted to interests in the Separate Account), purchases and redemptions of Fund shares for the benefit of the Shareholder during the period covered by the statement, and the
dividends and other distributions paid for the benefit of the Shareholder during the statement period (whether paid in cash or reinvested in Fund shares).

4. Transmit to Shareholders proxy materials and reports and other information received by VALIC from any of the
Funds and required to be sent to Shareholders under the federal securities laws and, upon request of the Fund's transfer agent, transmit to Shareholders material Fund communications deemed by the Fund, through its Board of Directors or other
similar governing body, to be necessary and proper for receipt by all Fund beneficial shareholders.

5. Transmit to the Fund's transfer agent purchase and redemption orders on behalf of Shareholders.

6. Provide to the Funds, or to the transfer agent for any of the Funds, or any of the agents designated by any
of them, such periodic reports as shall reasonably be concluded to be necessary to enable each of the Funds and its Underwriter to comply with any applicable State Blue Sky requirements.

------

---

| | |
|:---|:---|
| ![LOGO](g934124page011a.jpg) | **The Variable Annuity**<br> **Life Insurance Company** <br> 2929 Allen Parkway<br> Houston, TX 77019 |

---

<u>AMENDMENT TO AGREEMENT</u>

THIS AMENDMENT is made and entered into between **ARIEL DISTRIBUTORS, INC.,** an Illinois corporation ("Underwriter") and **THE VARIABLE ANNUITY LIFE INSURANCE COMPANY,** a Texas corporation ("VALIC").

WHEREAS, the parties entered into an Administrative Services Agreement dated November 1, 2000 (the "Agreement"), and wish to amend that Agreement; and

WHEREAS, the Agreement may only be amended pursuant to a written instrument;

NOW, THEREFORE, the parties agree that the first paragraph of Section 8 of the Agreement shall be replaced with the following:

8. ADI shall pay VALIC a fee with respect to each Fund, on a quarterly basis, equal to 35 basis points (0.35%) per annum of the average daily net asset value of the Shares of such Fund that are held on behalf of the Plans in an Account for which VALIC is providing Services under this Agreement. VALIC will calculate the Administrative Fees at the end of each calendar quarter and invoice ADI. ADI will make payment to VALIC within 30 days after receipt of the invoice unless ADI shall disagree as to the amount in writing (which may be electronic). Each payment will be accompanied by a statement showing the calculation of the Administrative Fees. As soon as practicable after each September 30, VALIC will inform ADI of the number of participant accounts invested in each of the Funds.

Quarterly Invoices should be sent to:

Attn: Jason Hadler

Sunstone Financial Group, Inc.

803 West Michigan Street

Suite A

Milwaukee, WI 53233

AND FURTHER, the parties agree that Schedule One of the Agreement shall be replaced with the Schedule One attached to this Amendment;

**IN WITNESS HEREOF,** the parties hereto have executed and delivered this Agreement as of January 1, 2002.

**THE VARIABLE ANNUITY LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
|  By: | ![LOGO](g934124page011b.jpg) |
|  | <br> Authorized Signatory |
|  | Evelyn Curran |
|  | Print or Type Name |

---

*Member of American International Group, Inc.*

------

**Ariel Investment Trust** 

**Financial Intermediary Controls and Compliance Questionnaire** 

Name <u>of Financial</u> Intermediary: VALIC Retirement <u>Services Company</u>

**<u>Completed by</u>: ![LOGO](g934124page013a.jpg)** 

Thomas M. Ward

Title: Vice President

Date: August 31, 2012

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Code of Ethics** | **Yes** | **No** | **If no, explanation** |
| &nbsp;&nbsp;&nbsp; • Does your firm have a formally documented Code of Ethics? | X | | |
| &nbsp;&nbsp;&nbsp; • Has it been approved by the Board or other appropriate governing body? | X | | |
| &nbsp;&nbsp;&nbsp; • Does the Code of Ethics include personal trading/insider trading and safeguarding of client information provisions? | X | | |
| &nbsp;&nbsp;&nbsp;**Privacy Policy** | | | |
| &nbsp;&nbsp;&nbsp; • Does your firm have a privacy policy? | X | | |
| &nbsp;&nbsp;&nbsp;**Anti-Money Laundering (AML)** | | | |
| &nbsp;&nbsp;&nbsp; • Does your firm have a formally documented AML policy? | | X | Since VRSCO is a transfer agent and not a broker-dealer, the AML compliance function is delegated to VALIC Financial Advisors, Inc. ("VFA"), a broker-dealer and affiliate of VALIC Retirement Services Company |
| &nbsp;&nbsp;&nbsp; • Has it been approved by the Board or other appropriate governing body? | X | | The VFA AML Program has been approved by the Board of Directors |
| &nbsp;&nbsp;&nbsp; • Does it describe the AML Officer, how to identify potential suspicious activity, training program, and SARs filing process? | X | | |
| &nbsp;&nbsp;&nbsp;**Document Retention** | | | |
| &nbsp;&nbsp;&nbsp; • Does your firm have a formally documented policy? | X | | |

---

![LOGO](g934124page013b.jpg)

------

**EFFECTIVE DATE: July 1, 2018** 

**AMENDMENT TO AGREEMENT BY AND BETWEEN ARIEL DISTRIBUTORS, LLC AND** 

**THE VARIABLE ANNUITY LIFE INSURANCE COMPANY** 

**THIS AMENDMENT**, entered into on August 28, 2018 by and between The Variable Annuity Life Insurance Company ("VALIC") and Ariel Distributors, LLC ("ADL") is effective as of July 1, 2018 ("EFFECTIVE DATE").

**WHEREAS**, VALIC and Ariel Distributors, Inc. ("ADI") (the predecessor company to ADL) entered into an administrative services agreement on November 1, 2000 ("Agreement"); and

**WHEREAS**, the Agreement was subsequently amended on January 1, 2002 to provide that:

"ADI shall pay VALIC a fee with respect to each Fund, on a quarterly basis, equal to 35 basis points (0.35%) per annum…."; and

**WHEREAS**, the parties now wish to allocate the 35 basis points such that 25 basis points are allocated to marketing and distribution, and 10 basis points are allocated to sub-administration and sub-accounting fees.

**NOW THEREFORE**, in consideration of the promises and mutual covenants contained herein, the parties, intending to be legally bound, hereby agree that:

As of the Effective Date, ADL (as the successor company to ADI) shall pay VALIC a 12b-1 fee equal to 25 basis points for marketing and distribution, and 10 basis points for sub-administration and sub- accounting services.

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;**APPROVED FOR EXECUTION BY AIG CONSUMER** |
| &nbsp;&nbsp;&nbsp;**LEGAL DEPARTMENT** |
| &nbsp;&nbsp;&nbsp;**CONTROL NO.** <u>CW2557144</u> |
| &nbsp;&nbsp;&nbsp;**DATE:** <u>9/10/2018</u> |
| &nbsp;&nbsp;&nbsp;**SIGNED:** |

---

------

**SCHEDULE ONE** 

<u>Accounts</u> 

Name of Account   <u> Date of Resolution of Company's Board which Established the Account</u> <br> USL Separate Account RS   <u>June 14, 2024</u>

---

| | |
|:---|:---|
| **<u>Investment Company Names</u>** | **<u>Series Names</u>** |
| Ariel Investment Trust | Ariel Fund |
|  | Ariel Appreciation Fund |

---

------

<u>Appendix B</u> 

Trademarks

ARIEL®

ARIEL FUND®

ARIEL APPRECIATION FUND®

SLOW AND STEADY WINS THE RACE®

ACTIVE PATIENCE®

ACTIVELY PATIENT®

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

**PARTICIPATION AGREEMENT** 

THIS AGREEMENT, made and entered into this 6th day of March, 2025 by and between GOLDMAN SACHS VARIABLE INSURANCE TRUST, a statutory trust formed under the laws of Delaware (the "Trust"), GOLDMAN SACHS & CO. LLC, a New York limited partnership (the "Distributor"), and THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, a New York life insurance company (the "Company"), on its own behalf and on behalf of each separate account of the Company identified herein.

WHEREAS, the Trust engages in business as an open-end management investment company of the series-type offering shares of beneficial interest (the "Trust Shares") in one or more separate series ("Series"), and each such Series represents an interest in a particular investment portfolio of securities and other assets (a "Fund") and may be issued in various classes ("Classes") with each such Class supporting a distinct charge and expense arrangement; and

WHEREAS, the Trust was established for the purpose of serving as an investment vehicle for life insurance company separate accounts supporting variable annuity contracts and variable life insurance policies to be offered by insurance companies and may also be utilized by certain retirement plans and other persons as described herein; and

WHEREAS, an order of the Securities and Exchange Commission dated February 2, 1998, (File No. 812-10794) grants certain separate accounts supporting variable life insurance policies, their life insurance company depositors, and their principal underwriters, exemptions from Sections 9(a), 13(a), 15(a) and 15(b) of the Investment Company Act of 1940, and from Rules 6e- 2(b)(15) and 6e-3(T)(b)(15) thereunder, to the extent necessary for such separate accounts to purchase and hold Trust Shares at the same time that such shares are sold to or held by separate accounts of affiliated and unaffiliated insurance companies supporting either variable annuity contracts or variable life insurance policies, or both, or by qualified pension and retirement plans (the "SEC Order"); and

WHEREAS, the Distributor has the exclusive right to distribute Trust Shares to qualifying investors; and

WHEREAS, the Company desires that the Trust serve as an investment vehicle for a certain separate account(s) of the Company and the Distributor desires to sell Trust Shares of certain Series and/or Class(es) to such separate account(s);

NOW, THEREFORE, in consideration of their mutual promises, the Trust, the Distributor and the Company agree as follows:

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**ARTICLE I** 

**Additional Definitions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1.** "Accounts"—the separate accounts of the Company identified in Schedules 1A, 2A and 3A to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2** "Applicable Law" —the federal securities laws as defined in Rule 38a-1 under the 1940 Act, any rules promulgated under the federal securities laws, FINRA regulations, any Applicable SEC Guidance, and any state or municipal laws or regulations that may apply to the Trust, the Distributor, the Company, the Accounts, or the Contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.3.** "Applicable SEC Guidance" —any applicable: (a) SEC release, opinion, or order, as well as any published "no-action" position or written interpretive guidance by the SEC staff; and (b) FINRA interpretive memoranda or notices to members, as well as any written interpretive guidance from the FINRA staff. Applicable SEC Guidance does not include oral statements, speeches, or informal guidance by the SEC or its staff.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.4.** "Business Day"—each day that the Trust is open for business as provided in the Trust's Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.5.** "Code"—the Internal Revenue Code of 1986, as amended, and any successor thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.6.** "Contracts"—the class or classes of variable annuity contracts and/or variable life insurance policies issued by the Company and described more specifically on Schedules 1B, 2B, or 3B to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.7.** "Contract Owners"—the owners of the Contracts, as distinguished from all Product Owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.8.** "FINRA"—The Financial Industry Regulatory Authority, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.9.** "Fund Documents"—documents prepared by the Trust that, pursuant to Rule 498(e)(1) under the 1933 Act and Rule 30e-1(b)(2)(i) under the 1940 Act, must be publicly accessible free of charge at the Web site address shown on the cover page or at the beginning of the Summary Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.10.** "Fund Documents Web Site"—the web site maintained by the Trust (or its agent) where Contract Owners, prospective Contract Owners, participants in Participating Plans, or individual investors who are Qualified Persons or invest through a Qualified Person may access Fund Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.11.** "Participating Account"—a separate account investing all or a portion of its assets in the Trust, including the Accounts.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.12.** "Participating Insurance Company"—any life insurance company with a Participating Account, including the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.13.** "Participating Plan"—any pension or profit-sharing plan qualified under Section 401 of the Code investing in the Trust and certain other retirement plans that are Qualified Persons investing in the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.14.** "Participating Investor"—any Participating Account, Participating Insurance Company, Participating Plan, or other Qualified Person, including the Accounts and the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.15.** "Products"—variable annuity contracts and variable life insurance policies supported by Participating Accounts, including the Contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.16.** "Product Owners"—owners of Products, including Contract Owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.17.** "Prospectus"—with respect to a Series (or Class) of Trust Shares or a class of Schedule 1 Contracts, each version of the definitive Prospectus or Summary Prospectus (where used or required to be used) and supplement thereto filed with the SEC pursuant to Rule 497 under the 1933 Act. With respect to any provision of this Agreement requiring a party to take action in accordance with a Prospectus, *Prospectus* shall mean the version of the Prospectus for the applicable Series, Class or Contracts filed most recently (or most current for Schedule 2 Contracts and Schedule 3 Contracts) prior to the taking of such action. For purposes of Article IX, the term "Prospectus" shall include any statement of additional information incorporated therein. With respect to a class of Schedule 2 Contracts or Schedule 3 Contracts, Prospectus includes any offering circular or memorandum for such Contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.18.** "Qualified Person" – a person permitted to hold Trust Shares under Treasury Regulation Section 1.817-5(f), as supplemented by published rulings and procedures issued thereunder by the Internal Revenue Service, in order for any Fund of the Trust to qualify for "look-through" treatment by Participating Accounts in applying the diversification requirements of Section 817(h) of the Code by taking into account the portfolio investments of a Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.19.** "Registration Statement"—with respect to the Trust Shares or Schedule 1 Contracts, the registration statement filed with the SEC to register such securities under the 1933 Act, or the most recently filed amendment thereto, in either case in the form in which it was declared or became effective. The Contracts' Registration Statement for each class of Schedule 1 Contracts is identified on Schedule 1B to this Agreement. The Trust's Registration Statement is filed on Form N-1A (File No. 333-35883).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.20.** "1940 Act Registration Statement"—with respect to the Trust or Schedule 1 Accounts, the registration statement filed with the SEC to register such person as an investment company under the 1940 Act, or the most recently filed amendment thereto. The Trust's 1940 Act Registration Statement is filed on Form N-1A (File No. 811-08361).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.21.** "Schedule 1 Accounts"—Accounts registered under the 1940 Act as unit investment trusts and listed on Schedule 1A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.22.** "Schedule 2 Accounts"—Accounts excluded from the definition of an investment company as provided for by Section 3(c)(11) of the 1940 Act and listed on Schedule 2A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.23.** "Schedule 3 Accounts"—Accounts excluded from the definition of an investment company as provided for by Section 3(c)(1) or Section 3(c)(7) of the 1940 Act and listed on Schedule 3A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.24.** "Schedule 1 Contracts"—Contracts through which interests in Schedule 1 Accounts are offered and issued, which interests are registered as securities under the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.25.** "Schedule 2 Contracts"—Contracts through which interests in Schedule 2 Accounts are offered and issued to trustees of qualified pension and profit-sharing plans and certain government plans identified in Section 3(a)(2) of the 1933 Act (which Contracts and interests are not registered as securities in reliance upon Section 3(a)(2) of the 1933 Act).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.26.** "Schedule 3 Contracts"—Contracts through which interests in Schedule 3 Accounts are offered and issued to "accredited investors", as that term is defined in Regulation D under the 1933 Act, or other investors permitted by Regulation D (which Contracts and interests are not registered as securities in reliance upon Regulation D).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.27.** "SEC"—the Securities and Exchange Commission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.28.** "Statement of Additional Information"—with respect to the shares of the Trust or Schedule 1 Contracts, each version of the definitive statement of additional information or supplement thereto filed with the SEC pursuant to Rule 497 under the 1933 Act. With respect to any provision of this Agreement requiring a party to take action in accordance with a Statement of Additional Information, *Statement of Additional Information* shall mean the last version so filed prior to the taking of such action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.29.** "Statutory Prospectus" – a prospectus that satisfies the requirements of Section 10(a) of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.30.** "Summary Prospectus" –a prospectus described in paragraph (b) of Rule 498 under the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.31.** "Trust Board"—the board of trustees of the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.32.** "1933 Act"—the Securities Exchange Act of 1933, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.33.** "1940 Act"—the Investment Company Act of 1940, as amended.

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**ARTICLE II** 

**Sale of Trust Shares** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1. Availability of Shares** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Trust has granted to the Distributor exclusive authority to distribute the Trust Shares and to select which Series or Classes of Trust Shares shall be made available to Participating Investors. Pursuant to such authority, and subject to Article X hereof, the Distributor shall make available to the Company for purchase on behalf of the Accounts, shares of the Series and Classes listed on Schedules 1B, 2B, and 3B to this Agreement, such purchases to be effected at net asset value in accordance with Section 2.3 of this Agreement. The Distributor shall make such Series and Classes available to the Company in accordance with the terms and provisions of this Agreement until: (i) this Agreement is terminated pursuant to Article X, or (ii) the Distributor suspends or terminates the offering of shares of such Series or Classes in the circumstances described in Article X.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The parties acknowledge and agree that: (i) the Trust may revoke the Distributor's authority to distribute Trust Shares pursuant to the terms and conditions of its distribution agreement with the Distributor, and (ii) the Trust reserves the right in its sole discretion to refuse to accept a request for the purchase of Trust Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2. Redemptions.** At the Company's request, the Trust shall redeem any full or fractional Trust Shares held by the Company on behalf of an Account at net asset value in accordance with Section 2.3 of this Agreement. However, the Trust may delay redemption or suspend the right of redemption of Trust Shares of any Series or Class to the extent permitted by the Applicable Law or as disclosed in the Prospectus for such Series or Class. The Company shall not redeem Trust Shares attributable to Contract Owner investments except in the circumstances permitted in Article X of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3. Purchase and Redemption Procedures** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Trust hereby appoints the Company as its designee for the limited purpose of receiving purchase and redemption requests for Trust Shares under Schedule 1 Contracts resulting from purchase and redemption requests by Owners of Schedule 1 Contracts for units of the Schedule 1 Accounts (but not for units of the Schedule 2 Accounts or Schedule 3 Accounts). Receipt by the Company, as designee of the Trust for this purpose, of requests for the purchase and redemption of units of the Schedule 1 Accounts on any Business Day prior to the Trust's close of business, as disclosed from time to time in the applicable Prospectus for such Series or Class (which as of the date of execution of this Agreement is the close of regular trading on the New York Stock Exchange), shall constitute receipt by the Trust on that Business Day of requests from such Schedule 1 Accounts for the purchase and redemption of Trust Shares necessary to facilitate such purchase and redemption of units of such Schedule 1 Accounts. This limited agency only extends to requests by the Schedule 1 Accounts for the purchase and redemption of Trust Shares that the Trust (or its transfer agent) receives by 9:00 a.m. New York Time on the next following Business Day. **Requests for the purchase and**

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**redemption of Trust Shares may be communicated (i) for manual processing, by facsimile, electronic mail, or telephone to the office or person designated by the Trust and shall be confirmed by facsimile or electronic mail, or (ii) for NSCC processing, in accordance with Section 2.3(g) below.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company shall pay for Trust Shares on the same day that it provides a purchase request for such Shares. Payment for Trust Shares shall be made in federal funds transmitted to the Trust by wire by 12:00 p.m. New York Time on that day (unless the Trust determines and so advises the Company that sufficient proceeds are available from redemption of Trust Shares of other Series or Classes on that day by the Company). Proceeds from the redemption of Trust Shares requested pursuant to an order received by the Company after the Trust's close of business on any Business Day shall not be applied to the payment for shares for which a purchase order was received prior to the Trust's close of business on the same day. If federal funds are not received on time, issuance of the requested Trust Shares will be cancelled and such funds will be applied to the purchase of Trust Shares as soon as practicable after receipt of such funds at the Share price next computed after receipt. If the issuance of Trust Shares is canceled because federal funds are not timely received, the Company shall indemnify the respective Fund and the Distributor with respect to all costs, expenses and losses relating thereto and the Company shall be responsible for any impact on Contract Owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Payment for Trust Shares redeemed shall be made in federal funds transmitted by wire to the Company, such funds normally to be transmitted by 6:00 p.m. New York Time on the next Business Day after the Trust receives the redemption request (unless redemption proceeds are to be applied to the purchase of Trust Shares of other Series or Classes in accordance with Section 2.3(b) of this Agreement). Notwithstanding the foregoing, the Trust reserves the right to redeem Trust Shares in assets other than cash to the extent disclosed in the applicable Prospectus and permitted by Applicable Law. The Trust shall not be responsible for the proper disbursement or crediting of redemption proceeds by the Company or the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any purchase or redemption request for Trust Shares held or to be held by Schedule 2 Accounts, Schedule 3 Accounts, or in the Company's general account, shall be effected at the net asset value per share next determined after the Trust's actual receipt of such request, provided that payment for Trust Shares purchased is received by the Trust in federal funds prior to the Trust's close of business, as disclosed from time to time in the Prospectus for such Series or Class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company and the Trust shall provide each other with all information necessary to effect wire transmissions of federal funds to the other party or the other party's agents pursuant to such protocols and security procedures as the parties may agree upon from time to time. The Trust and the Company, as applicable, shall notify the other in writing of any changes in such information at least three Business Days in advance of when such change is to take effect. The Company and the Trust shall observe customary

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procedures to protect the confidentiality and security of such information, but the Trust shall not be liable to the Company for any breach of security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The procedures set forth in this Section 2.3 are subject to any additional terms set forth in the applicable Prospectus for the Series or Class and by the requirements of Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>NSCC</u>. The parties agree that they will manually trade unless the parties agree in writing otherwise. If the parties agree to use Fund/SERV, the following provisions apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Same Day Trades</u>. On each Business Day, the Company shall aggregate all purchase orders and redemption orders for each Account received by the Company prior to the Trust's close of business as defined from time to time in the applicable Prospectus of the relevant Series or Class (which as of the date of execution of this Amendment is defined as the close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern Time ("Close of Trading")) ("Day 1"). The Company shall communicate to the Trust by Fund/SERV the aggregate purchase orders and redemption orders (if any) for each Account received by the Close of Trading on Day 1 by no later than the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") Cycle 8 (generally 7:30 a.m. Eastern Time) on the following Business Day ("Day 2"). The Trust shall treat all trades communicated to the Trust in accordance with the foregoing as if received prior to the Close of Trading on Day 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Representations and Warranties</u>. The Company represents and warrants that all orders for net purchases or net redemptions derived from orders received by the Company and transmitted to Fund/SERV for processing on or as of Day 1 shall have been received in proper form and time stamped by the Company prior to the Close of Trading on Day 1. The Company represents and warrants that it has, maintains and periodically tests procedures and systems in place reasonably designed to prevent orders received after the Close of Trading on Day 1 from being executed with orders received before the Close of Trading on Day 1. The Company represents that orders it receives after the Close of Trading on Day 1, but before the Close of Trading on Day 2, will be transmitted to the Trust using Day 2's net asset value. The Company will provide such information as may be reasonably requested by the Trust or Distributor to provide assurance that the Company is complying with the foregoing procedures. The Trust or Distributor may request a detailed explanation and demonstration relating to the operation of such internal controls as part of regular due diligence efforts.

The Company and Distributor represent and warrant that each: (a) has entered into an agreement with NSCC; (b) has met and will continue to meet all of the requirements to participate in Fund/SERV and Networking; (c) intends to remain at all times in compliance with the then current rules and procedures of NSCC, all to the extent necessary or appropriate to facilitate such communications,

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processing, and settlement of share transactions; and (d) will notify the other parties to the Agreement if there is a change in or a pending failure with respect to its agreement with NSCC.

The Trust, Distributor and Company each represents and warrants to the other that it has the necessary facilities, equipment and personnel to perform all of its responsibilities pursuant to this Amendment and that all such responsibilities will be performed competently and in accordance with (a) all applicable laws, regulations and rules, (b) the Prospectuses and Statements of Additional Information, as amended from time to time, of the relevant Series of the Trust that are offered under the Agreement, (c) NSCC's rules, procedures and allocations of responsibility for Fund/SERV, and (c) any agreements between the parties including, without limitation, any selling or service agreement.

The Company represents and warrants that: (a) any information it supplies to the Trust or Distributor will be accurate, complete and in the appropriate format; (b) all instructions, communications and actions by the Company regarding each Account shall be true and correct and will have been duly authorized by such Account; and (c) it shall adopt, implement and maintain procedures reasonably designed to ensure the accuracy of all transmissions through Fund/SERV and to limit the access to, and the inputting of data into, Fund/SERV and Networking to persons specifically authorized by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Trust shall calculate the net asset value per share of each Series on each Business Day, and shall furnish to the Company through NSCC's Networking or Mutual Fund Profile System: (a) the most current net asset value information for each Series; and (b) in the case of fixed income funds that declare daily dividends, the daily accrual or the interest rate factor. All such information shall be furnished to the Company by 6:30 p.m. Eastern Time on each Business Day or at such other time as that information becomes available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Company will wire payment for net purchase orders by the Trust's NSCC Firm Number, in immediately available funds, to an NSCC settling bank account designated by the Company in accordance with NSCC rules and procedures on the same Business Day such purchase orders are communicated to NSCC. For purchases of shares of daily dividend accrual funds, those shares will not begin to accrue dividends until the day the payment for those shares is received.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The Trust will redeem any full or fractional shares of any Series, when requested by the Company on behalf of an Account, at the net asset value next computed after receipt by the Trust (or its agent or the Company as the Trust's designee) of the request for redemption, as established in accordance with the provisions of the then current Prospectus of the Trust. NSCC will wire payment for net redemption orders by the Trust, in immediately available funds, to an NSCC settling bank account designated by the Company in accordance with NSCC rules

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and procedures on the Business Day such redemption orders are communicated to NSCC, except as provided in the Trust's Prospectus and Statement of Additional Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The Trust shall furnish through NSCC's Networking or Mutual Fund Profile System on or before the ex-dividend date, notice to the Company of any income dividends or capital gain distributions payable to the Accounts on the shares of any Series. The Company hereby elects to receive all such income dividends and capital gain distributions as are payable on shares of a Series in additional shares of that Series, and the Company reserves the right to change this election in the future. The Trust will notify the Company of the number of shares so issued as payment of such dividends and distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) All orders are subject to acceptance by the Distributor and become effective only upon confirmation by the Distributor. The Distributor reserves the right: (a) not to accept any specific order or part of any order for the purchase or exchange of shares through Fund/SERV; and (b) to require any redemption order or any part of any redemption order to be settled outside of Fund/SERV, in which case the order or portion thereof shall not be "confirmed" by the Distributor, but rather shall be accepted for redemption in accordance with Section 2.3(g)(viii) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) All trades placed through Fund/SERV and confirmed by the Distributor via Fund/SERV shall settle in accordance with the Distributor's profile within Fund/SERV applicable to the Company. The Distributor agrees to provide the Company with account positions and activity data relating to share transactions via Networking.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) If on any specific day the Company or Distributor are unable to meet the NSCC deadline for the transmission of purchase or redemption orders for that day, a party may at its option transmit such orders and make such payments for purchases and redemptions directly to the Company or Trust, as applicable, as is otherwise provided in the Agreement; provided, however, that the Trust must receive written notification from the Company by 8:00 a.m. Eastern Time on any day that the Company wishes to transmit such orders and/or make such payments directly to the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) In the event that the Company or Trust is unable to or prohibited from electronically communicating, processing or settling share transactions via Fund/SERV, the Company or Trust shall notify the other, including providing the notification provided above in Section 2.3(g)(viii). After all parties have been notified, the Company and Trust shall submit orders using manual transmissions as are otherwise provided in the Agreement.

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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;(xi) Each party to the Agreement agrees that, in the event of a material error resulting from incorrect information or confirmations, the parties will seek to comply in all material respects with the provisions of applicable federal securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) In all circumstances where overpayments, including, without limitation, distributions, are made to the Company pursuant to this Section 2.3(g), the Company shall repay such amounts promptly, but in no event more than fifteen

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15) days after the Company receives notice of such overpayment. If such amounts are not repaid timely, the Company authorizes the Trust, Distributor or any of their affiliates to offset any amount overpaid to the Company against amounts otherwise payable to the Company by the Trust, Distributor or by any of their affiliates, including, without limitation, commissions, service fees and redemption proceeds from omnibus, house, or street name accounts. In addition, processing errors which result from any delay or error caused by the Company may be adjusted through Fund/SERV by the Company by the necessary transactions on an as-of basis and the cost to the Trust or Distributor of such transactions shall be borne by the Company; provided however, prior authorization must be obtained from the Trust or Distributor if the transaction is back dated more than five days or to a previous calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) If the duties, restrictions or responsibilities for Fund/SERV or Networking are modified by NSCC, a party may request an amendment to the Agreement to provide for such changes. However, duties shall remain as stated herein until an amendment is executed by all of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) NSCC's rules and procedures relating to Fund/SERV and Networking shall govern any matter in which any provision contained in this Section 2.3(g) conflicts with any such NSCC rule or procedure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) The Company is responsible for communicating in each of its instructions to the Trust or Distributor the correct account number assigned by a Series of the Trust to an Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.4. Net Asset Value.** The Trust shall use its best efforts to inform the Company of the net asset value per share for each Series and Class available to the Company as soon as reasonably practicable after the computation of the same. The Trust shall calculate such net asset values in accordance with the Prospectus for such Series or Class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.5. Dividends and Distributions.** The Trust shall furnish notice to the Company as soon as reasonably practicable of any income dividends or capital gain distributions payable on any Series or Class shares. The Company, on its behalf and on behalf of the Accounts, hereby elects to receive all such dividends and distributions in the form of additional shares of that Series or Class. The Company reserves the right, on its behalf and on behalf of the Accounts, to revoke this election and to receive all such dividends and capital gain distributions in cash; to be effective,

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such revocation must be made in writing and received by the Trust at least ten Business Days prior to a dividend or distribution date. The Trust shall notify the Company promptly of the number of Series or Class shares so issued as payment of such dividends and distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.6. Book Entry.** Issuance and transfer of Trust Shares shall be by book entry only. Stock certificates will not be issued to the Company or the Accounts. Purchase and redemption orders for Trust Shares shall be recorded in an appropriate ledger for each Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.7. Pricing Errors.** Any material errors in the calculation of the net asset value of a Fund, the net asset value per share of any Series or Class of Trust Shares, dividends or capital gain information shall be reported to the Company immediately upon discovery. An error shall be deemed "material" based on the Trust's interpretation of Applicable Law. To the extent necessary for the Company to reimburse Contract Owners for actual losses, the Distributor shall reimburse the Company for losses arising as a direct result of any material error in the calculation of the net asset value of any Fund or the net asset value per share of any Series or Class of Trust Shares. Neither the Trust, any Fund, the Distributor, nor any of their affiliates shall be liable for any information provided to the Company pursuant to this Agreement, which information is based on incorrect information supplied by or on behalf of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.8. Limits on Purchasers.** The Distributor and the Trust shall sell Trust Shares only to insurance companies and their separate accounts and to other Qualified Persons. The Distributor and the Trust shall not sell Trust Shares to any insurance company or separate account unless an agreement complying with Article VIII of this Agreement is in effect to govern such sales. The Distributor and the Trust shall not sell more than 10% of any Series of Trust Shares to any Participating Plan unless an agreement is in effect between the Distributor, the Trust and the trustee (or other fiduciary) of the Plan containing provisions substantially the same as those in Article VIII of this Agreement. The Distributor and the Trust shall not sell Trust Shares to any Participating Plan unless a written acknowledgment of the foregoing condition is received from the trustee (or other fiduciary) of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.9. Disruptive Trading.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Trust has adopted policies designed to prevent frequent purchases and redemptions of any Series of Trust Shares in quantities great enough to: (i) disrupt orderly management of the corresponding Fund's investment portfolio, or (ii) dilute the value of the outstanding Trust Shares of that Series ("Disruptive Trading Policies"). From time to time, the Trust and the Distributor implement procedures reasonably designed to enforce the Trust's Disruptive Trading Policies and shall provide a written description of such procedures (and revisions thereto) to the Company. As a procedure in furtherance of its Disruptive Trading Policies, the Trust may assess fees, to be paid by one or more Accounts or by the Company, upon redemption of one or more Series or Classes of Trust Shares within certain stated time periods after such shares have been purchased.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company agrees to develop, adopt and maintain policies regarding transactions in Account units reasonably designed to complement the Trust's Disruptive

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Trading Policies and, from time to time, to implement procedures regarding transactions in Account units reasonably designed to effectuate the Trust's procedures for preventing disruptive trading in Trust Shares. In particular, in the event that the Trust or the Distributor identifies a particular Contract Owner as having engaged in transactions in Account units that directly or indirectly violate the Trust's Disruptive Trading Policies, the Company agrees, at the written request of the Trust or the Distributor, to restrict or prohibit further transactions in Account units by that Contract Owner which could result in additional purchases and redemptions of a specified Series and/or Class of Trust Shares in violation of the Trust's Disruptive Trading Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In furtherance of Section 2.9(b), the Trust and the Distributor may, from time to time, investigate purchases and redemptions of any Series or Class of Trust Shares by the Company on behalf of the Accounts that appears to violate, or has the potential to violate, the Trust's Disruptive Trading Policies. When requested by the Trust or the Distributor in writing, the Company agrees to provide the following with respect to purchases and redemptions of a specific Series and/or Class of Trust Shares over a designated period:

● the identity of the Contract Owner or Contract Owners whose transactions in Account units underlies the Trust share purchases and redemptions being investigated,

● the amounts and dates of transactions in Account units during the designated period representing an indirect investment in the Series and/or Class of Trust Shares being investigated, and

● the identity of any investment professional known by the Company to be associated with the Contract Owner or Contract Owners.

The Company agrees to provide the foregoing information that is on its books and records promptly. If the requested information is not on its books and records, it agrees to make reasonable efforts to:

● promptly obtain the requested information, or

● if requested by the Trust or the Distributor restrict or prohibit further transactions in Account units by that Contract Owner which could result in additional purchases and redemptions of a specified Series and/or Class of Trust Shares.

**ARTICLE III** 

**Representations and Warranties** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1. Company.** The Company represents and warrants that: (a) it is an insurance company duly organized and in good standing under the laws of the jurisdiction of its organization,

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(b) it has legally and validly established each Account as a segregated asset account under applicable state law to serve as segregated investment accounts for the Contracts, (c) each Schedule 1 Account is registered as a unit investment trust under the 1940 Act and each such Account's 1940 Act Registration Statement has been filed with the SEC in accordance with the 1940 Act, (d) the Schedule 2 Accounts and Schedule 3 Accounts each qualify for the exclusions on which they rely for not registering as investment companies under the 1940 Act, (e) it has registered, or will register, all Schedule 1 Contracts offered and sold pursuant to this Agreement under the 1933 Act and, except as provided in Article 4.2 of this Agreement, has effective Registration Statements for that purpose, (f) it will offer and sell the Contracts in compliance in all material respects with all applicable federal and state laws and regulations, including, but not limited to, state insurance law and federal securities law suitability requirements, (g) the Contracts have been filed, qualified and/or approved for sale, as applicable, under the insurance laws and regulations of the states in which the Contracts will be offered, (h) sales of the Schedule 2 Contracts and Schedule 3 Contracts properly qualify for exemptions on which the Company relies in not registering such Contracts, or interests in the Account through which each is issued, under the 1933 Act, (i) its activities and those of its employees in promoting the sale and distribution of the Contracts and effecting Contract Owner transactions in Account units have not caused, and will not cause, the Company to be deemed a broker-dealer, (j) orders it places for the purchase and redemption of Trust Shares pursuant to Article 2.3 of this Agreement are the net result of transactions in units issued by an Account, instructions for which are received by the Company prior to the Trust's close of business as defined from time to time in the applicable Prospectus for such Series or Class (which as of the date of execution of this Agreement is the close of regular trading on the New York Stock Exchange), (k) as long as this Agreement remains in effect, it shall remain in continuous compliance with Article 6.3, Article 6.4 and Article 6.5 of this Agreement, (l) it complies with the requirements of Rule 498 under the 1933 Act and Applicable SEC Guidance regarding the Rule in connection with delivery of Summary Prospectuses for the Series and Classes of Trust Shares available under this Agreement, (m) it maintains policies and procedures reasonably designed to ensure that it can meet obligations in connection with Summary Prospectuses, (n) it will notify the Distributor and the Trust promptly if for any reason it is unable to perform its obligations under this Agreement, (o) with respect to any Schedule 3 Accounts: (1) the principal underwriter for each Schedule 3 Account and any subaccounts thereof is a broker or dealer registered with the SEC under the Securities Exchange Act of 1934 or a person controlled (as defined in the 1940 Act) by such a broker or dealer; (2) shares of a Fund are and will continue to be the only securities held by the relevant subaccount; (3) it will either (i) seek instructions from Contract Owners with account value in the Schedule 3 Accounts allocated to shares of a Fund with regard to the voting of all proxies solicited in connection with the Fund and will vote those proxies only in accordance with those instructions, or (ii) vote such Fund shares held in the Schedule 3 Accounts in the same proportion as the vote of all the Fund's other shareholders; and (4) it will not substitute another security for shares of the Fund held in a Schedule 3 Account unless the SEC has approved the substitution in the manner provided in Section 26 of the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2. Trust.** The Trust represents and warrants that: (a) it is a statutory trust duly organized and validly existing under Delaware law, (b) it is registered under the 1940 Act as an open-end management investment company and has filed a 1940 Act Registration Statement with the SEC in accordance with the provisions of the 1940 Act, (c) Trust Shares issued pursuant to this

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Agreement have been, or will be, duly authorized and validly issued in accordance with Applicable Law, (d) it will offer and sell Trust Shares pursuant to this Agreement in compliance in all material respects with all applicable federal and state laws and regulations, (e) it has registered, or will register, all Trust Shares offered and sold pursuant to this Agreement under the 1933 Act and has an effective Registration Statement for that purpose, (f) as long as this Agreement remains in effect, it shall remain in continuous compliance with Article 6.1 and Article 6.2 of this Agreement, (g) the Trust's Board, a majority of whom are not interested persons of the Trust, have formulated and approved any plans to finance distribution expenses pursuant to Rule 12b-1 under the 1940 Act ("Rule 12b-1 Plans"), (h) the Trust or its service provider complies with the requirements of Rule 498 under the 1933 Act and Applicable SEC Guidance regarding the Rule in connection with the offer and sale of Trust Shares, (i) the Trust or its service provider maintains policies and procedures reasonably designed to ensure that Fund Documents are available on the Fund Documents Web Site in the manner required by Rule 498(e)(1), (e)(2), and (e)(3) and Applicable SEC Guidance related thereto, and (j) as provided by Rule 498(e)(4)(ii), the Trust or its service provider shall take prompt action to ensure that Fund Documents become available in the manner required by Rule 498(e)(1), (e)(2), and (e)(3) and Applicable SEC Guidance as soon as practicable following the earlier of the time it knows or should reasonably have known that the Fund Documents are not available in the required manner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3. Distributor.** The Distributor represents and warrants that: (a) it is a limited partnership duly organized and in good standing under New York law, and (b) it is registered as a broker-dealer under federal and applicable state securities laws and is a member in good standing of FINRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.4. Legal Authority.** Each party represents and warrants that the execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate, partnership or trust action, as applicable, by such party, and, when so executed and delivered, this Agreement will be the valid and binding obligation of such party enforceable in accordance with its terms.

**ARTICLE IV** 

**Regulatory Requirements** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1. Trust Filings.** The Trust shall amend its Registration Statement from time to time and maintain its effectiveness as required in order to effect the continuous offering of Trust Shares in compliance with Applicable Law. Notwithstanding the foregoing, the Trust shall register and qualify Trust Shares for sale in accordance with the laws of various states if, and to the extent, deemed advisable by the Trust or the Distributor. The Trust shall amend its 1940 Act Registration Statement as required by the 1940 Act to maintain its registration under the 1940 Act for as long as Trust Shares are outstanding. The Trust shall file Form 24F-2 and pay 1933 Act registration fees for all Series and Classes of Trust Shares as required by Rule 24f-2 under the 1940 Act. The Trust shall comply in all material respects with the 1940 Act.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2. Account Filings.** The Company shall amend the Registration Statement for each Schedule 1 Contract from time to time and maintain its effectiveness as required in order to effect the continuous offering of such Contracts in compliance with Applicable Law for as long as purchase payments may be made under such Contracts. Notwithstanding the foregoing, the Company: (a) may permit the effectiveness of a Schedule 1 Contract's Registration Statement expire if the Company has supplied the Trust with an SEC "no-action" letter or opinion of counsel satisfactory to the Trust's counsel to the effect that maintaining such Registration Statement on a current basis is no longer required, and (b) shall register and qualify the Contracts for sale in accordance with the securities laws of the various states only if, and to the extent, it considers such registration and qualification necessary. The Company shall amend each Schedule 1 Account's 1940 Act Registration Statement as required by the 1940 Act to maintain the Account's registration under the 1940 Act for as long as the Schedule 1 Contracts issued through that Account are in force. With regard to each Schedule 1 Account and, as applicable, Schedule 3 Account, the Company shall comply in all material respects with the 1940 Act. The Company shall make such filings and take such other actions as are required by the exemptions and exclusions on which it relies.

The Company shall be responsible for filing all Contract forms, applications, marketing materials and other documents relating to the Contracts and/or the Accounts with state insurance commissions, as required or as is customary, and shall use its best efforts: (a) to obtain any and all approvals thereof, under applicable state insurance law, of each state or other jurisdiction in which Contracts are or may be offered for sale, and (b) to keep such approvals in effect for so long as the Contracts are outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3 Delivery of Prospectuses by the Company.** The Company shall deliver (or arrange for delivery of) an appropriate Prospectus to each prospective Contract Owner describing in all material respects the terms and features of the Contract being offered. Except as provided below, the Company also shall deliver (or arrange for delivery of) a Summary Prospectus for each Fund that a prospective Contract Owner identifies on his or her application as an intended investment option under a Contract or to which a Contract Owner allocates premium payments to or transfers Contract value. In addition, the Company reserves the right to deliver (or arrange for delivery of) the Statutory Prospectus in place of the Summary Prospectus. The Company shall deliver (or arrange for delivery of) such Summary or Statutory Prospectuses at the times and in the manner required by applicable provisions of the 1933 Act and rules or regulations thereunder and Applicable SEC Guidance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.4 Reliance on Rule 498A.** The Company intends to satisfy its requirement to deliver to Contract Owners, under certain circumstances, a Statutory Prospectus for the Funds by relying on (and complying with the requirements, terms and conditions of) paragraph (j) of Rule 498A under the 1933 Act ("Rule 498A") for "on-line" delivery. Accordingly, the following provisions apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Use of Contract Initial Summary Prospectus.</u> The Company shall ensure that an Initial Summary Prospectus (as defined in Rule 498A) is used for each currently offered Contract described under the related registration statement, in accordance with paragraph (j)(1)(i) of Rule 498A.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Use of Fund Summary Prospectus.</u> The Trust shall ensure that a Summary Prospectus (as defined in Rule 498A under the 1933 Act) is used for each currently offered Fund in accordance with paragraph (j)(1)(ii) of Rule 498A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Provision of 498A Documents.</u> Subject to Section 4.6 below, the Trust shall provide to the Company the following documents (collectively, the "498A Documents"), as specified in paragraph (j)(1)(iii) of Rule 498A: (i) Summary Prospectuses for the Funds, (ii) Statutory Prospectuses for the Funds, (iii) Statements of Additional Information for the Funds, and (iv) most recent annual and semi-annual reports to shareholders (under Rule 30e-1 under the 1940 Act) for the Funds (together, the "Shareholder Reports"). The Trust and the Distributor shall use commercially reasonable efforts to provide the Shareholder Reports, Summary Prospectuses, Statutory Prospectuses, and Statements of Additional Information for the Funds to the Company (or its designee) on a timely basis (to facilitate the Web site posting required under paragraph (j)(1)(iii) of Rule 498A) and provide updated versions as necessary, in order to facilitate a continuous offering of the Contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Fund Expense and Performance Data.</u> The Trust shall provide such data regarding each Fund's expense ratios and investment performance made publicly available by the Fund as the Fund is required to prepare for inclusion in the Fund's Prospectus, as the Company shall reasonably request, to facilitate the registration and sale of the Contracts. Without limiting the generality of the forgoing, the Trust shall provide the following Fund expense and performance data on a timely basis to facilitate the Company's preparation of its annually updated registration statement for the Contracts: (i) the "Total Annual Fund Operating Expenses" for each Fund calculated in accordance with Item 3 of Form N-1A, that include any expense reimbursements or fee waiver arrangements, and the period for which the expense reimbursements or fee waiver arrangement is expected to continue and whether it can be terminated by the Fund; and (ii) the "Average Annual Total Returns" for each Fund (before taxes) as calculated pursuant to Item 4(b)(2)(iii) of Form N-1A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5. Specific Requests for Summary Prospectuses.** The Company shall not bind together the Summary Prospectuses or Statutory Prospectuses for the Series and Classes available under this Agreement with Summary Prospectuses and Statutory Prospectuses for shares of other investment companies, or any other document except as expressly permitted by and in Rule 498(c)(2) and any Applicable SEC Guidance. The Company shall deliver or provide all Summary Prospectuses and all Statutory Prospectuses in compliance with the Greater Prominence requirements of Rule 498(f)(2) and any Applicable SEC Guidance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.6. Web Site Hosting.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Trust or its service provider shall maintain the Fund Documents Web Site. At the Company's request, the Trust or its service provider may provide the Company with URLs to the current Fund Documents for use with the Company's electronic delivery

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of Fund Documents or on the Company's Web site, including the Web site specified in paragraph (j)(1)(iii) of Rule 498A. The Company will be responsible for the maintenance of any web links to such URLs on the Company's Web site. The Trust agrees to use commercially reasonable efforts to employ procedures consistent with industry practices designed to reduce exposure to viruses. However, the Trust and the Distributor make no warranty, express or implied, that the Fund Documents Web Site, the Fund Documents, or any URLs provided will be free from any defects, bugs, errors or malfunctions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company shall maintain the Web site specified in paragraph (j)(1)(iii) of Rule 498A, so that the relevant 498A Documents are publicly accessible, free of charge, at that Web site, in accordance with the conditions set forth in that paragraph, provided that the Trust and the Distributor fulfill their obligations under this Article IV, if any. The Company shall be solely responsible for the development and operation of such Web site and hereby represents to the Trust and the Distributor that such website conforms to all legal and regulatory requirements, including but not limited to subparagraph (j)(1)(iii) of Rule 498A. In addition, the Trust and the Distributor are not responsible for any additional costs that may be incurred by the Company as a result of the Company's obligations as specified in this Agreement to place 498A Documents on the Company's Web site, other than as expressly stated in this Agreement. The Company shall also make reasonable efforts to comply with the "safe harbor" provisions, terms and conditions of paragraph (h)(4) of Rule 498A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.7. Response to Requests for Additional Fund Documents and 498A Documents.** Within three (3) Business Days of receiving a request for a paper copy of a Fund Document, the Trust shall promptly send the same to the person requesting it free of charge. Within three (3) Business Days of receiving a request for an electronic copy of a Fund Document, the Trust shall send, by e-mail to the requestor, either a PDF copy of, or an electronic link to, the same free of charge. The Company shall respond in accordance with Rule 498(f)(1) to requests for additional Fund Documents made by a person directly to the Company or one of its affiliates. The Company assumes sole responsibility for ensuring that the 498A Documents are delivered to Contract Owners in accordance with Rule 498A. Without regard to expense allocation, the Company shall be responsible for fulfilling ad hoc requests from Contract Owners for a paper copy of any 498A Document, in accordance with paragraphs (i)(1) and (j)(3) of Rule 498A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.8. Cessation of Use of Summary Prospectuses.** The Trust shall provide the Company with at least thirty (30) days advance written notice of its intent to cease using the Summary Prospectus delivery option so that the Company can arrange to deliver a Statutory Prospectus in place of a Summary Prospectus in compliance with Section 4.3 of this Agreement. In order to comply with Rule 498(e)(1), the Trust shall continue to maintain the Fund Documents Web Site in compliance with the requirements of this Agreement and Rule 498 for a minimum of 90 days after the termination of any such notice period.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.9. Voting of Trust Shares.** To the extent required by the 1940 Act or Rule 6e-2 or Rule 6e-3(T) thereunder, or other Applicable Law, whenever the Trust shall have a meeting of holders of any Series or Class of Trust Shares, the Company shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● solicit voting instructions from Contract Owners;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● vote Trust Shares held in each Account at such shareholder meetings in accordance with instructions received
from Contract Owners;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● vote Trust Shares held in each Account for which it has not received timely instructions in the same
proportion as it votes the applicable Series or Class of Trust Shares for which it has received timely instructions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● vote Trust Shares held in its general account in the same proportion as it votes the applicable Series or
Class of Trust Shares held by the Accounts for which it has received timely instructions.

Except with respect to matters as to which the Company has the right in connection with Schedule 1 Contracts under Rule 6e-2 or Rule 6e-3(T) under the 1940 Act, to vote Trust Shares without regard to voting instructions from Contract Owners, neither the Company nor any of its affiliates will recommend action in connection with, or oppose or interfere with, the actions of the Trust Board to hold shareholder meetings for the purpose of obtaining approval or disapproval from shareholders (and, indirectly, from Contract Owners) of matters put before the shareholders.

The Company shall remain responsible for ensuring that it calculates voting instructions and votes Trust Shares at shareholder meetings in a manner consistent with other Participating Investors. The Trust will notify the Company of any changes to the SEC Order or the conditions attaching thereto relating to voting of Trust Shares of which it becomes aware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.10. State Insurance Law Restrictions.** The Company acknowledges and agrees that it is the responsibility of the Company and other Participating Insurance Companies to determine investment restrictions and any other restrictions, limitations or requirements under state insurance law applicable to any Fund or the Trust or the Distributor, and that neither the Trust nor the Distributor shall bear any responsibility to the Company, other Participating Insurance Companies or any Product Owners for any such determination or the correctness of such determination. The Company has determined that the investment restrictions set forth in the current Prospectus are sufficient to comply with all investment restrictions under state insurance laws that are currently applicable to the Funds as a result of the Accounts' investment therein. The Company shall inform the Trust in writing of any additional investment restrictions imposed by state insurance law after the date of this Agreement that become applicable to a Fund from time to time as a result of the Accounts' investment therein. Upon receipt of any such information from the Company, the Trust shall determine whether it is in the best interests of shareholders to comply with any such restrictions. If the Trust determines that it is not in the best interests of shareholders (which, for this purpose, shall mean Product Owners) to comply with a restriction determined to be applicable by the Company, the Trust shall so inform the Company, and the Trust and the Company shall discuss alternative accommodations.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.11. Interpretation of Law.** The Trust, the Distributor and their affiliates are not responsible or liable for acts or omissions by the Company or the Company's affiliates taken (or not taken) in reliance upon any statements or representations made by the Trust, the Distributor or any of their affiliates or their legal advisers, to the Company or the Company's affiliates concerning the applicability of any Applicable Law or Applicable SEC Guidance to the activities contemplated by this Agreement.

The Company and its affiliates are not responsible or liable for acts or omissions by the Trust, the Distributor and their affiliates taken (or not taken) in reliance upon any statements or representations made by the Company or its affiliates or their legal advisers, to the Trust, the Distributor and their affiliates concerning the applicability of any Applicable Law or Applicable SEC Guidance to the activities contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.12. Disclosure.** The Trust's prospectus shall state that the statement of additional information for the Trust is available from either the Distributor or the Trust. The Trust hereby notifies the Company that it is appropriate to include in Contract Prospectuses, disclosure of the potential risks of mixed and shared funding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.13. Drafts of Filings.** The Trust and the Company shall provide to each other copies of draft versions of any Registration Statements, Prospectuses, Statements of Additional Information, periodic and other shareholder or Contract Owner reports, proxy statements, information statements, solicitations for voting instructions, applications for exemptions (including applications by the Company to the SEC seeking approval of substitutions of any Fund under Section 26(c) of the 1940 Act), requests for no-action letters, and all amendments or supplements to any of the above, prepared by or on behalf of either of them and that mentions the other party by name. Such drafts shall be provided to the other party sufficiently in advance of filing such materials with regulatory authorities in order to allow such other party a reasonable opportunity to review the documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.14. Copies of Filings.** The Trust and the Company shall provide to each other at least one complete copy of all Registration Statements, Prospectuses, Statements of Additional Information, periodic and other shareholder or Contract Owner reports, proxy statements, information statements, solicitations of voting instructions, applications for exemptions (including applications by the Company to the SEC seeking approval of substitutions of any Fund under Section 26(c) of the 1940 Act), requests for "no-action" letters, and all amendments or supplements to any of the above, that relate to the Trust, the Contracts or the Accounts, as the case may be, promptly after the filing by or on behalf of each such party of such document with the SEC or other regulatory authorities (it being understood that this provision is not intended to require the Trust to provide to the Company copies of any such documents prepared, filed or used by Participating Investors other than the Company and the Accounts). If the Trust, Distributor or any of their affiliates are named in the filing(s), the Company shall send the filings to the contacts listed in Article XII.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.15. Regulatory Responses.** Each party shall promptly provide to all other parties copies of responses to no-action requests, notices, orders and other rulings received by such party with respect to any filing covered by Section 4.14 of this Agreement. If the Trust, Distributor or any of their affiliates are named in the regulatory response(s), the Company shall send the regulatory response(s) to the contacts listed in Article XII.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.16. Complaints and Proceedings** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Trust and/or the Distributor shall immediately notify the Company of: (i) the issuance by any court or regulatory body of any stop order, cease and desist order, or other similar order (but not including an order of a regulatory body exempting or approving a proposed transaction or arrangement) with respect to the Trust's Registration Statement or the Prospectus of any Series or Class, (ii) any request by the SEC for any amendment to the Trust's Registration Statement or the Prospectus of any Series or Class, (iii) the initiation of any proceedings for that purpose or for any other purposes relating to the registration or offering of the Trust Shares, or (iv) any other action or circumstances that may prevent the lawful offer or sale of Trust Shares or any Class or Series in any state or jurisdiction, including, without limitation, any circumstance in which (A) such shares are not registered and, in all material respects, issued and sold in accordance with applicable state and federal law or (B) such law precludes the use of such shares as an underlying investment medium for the Contracts. The Trust will make every reasonable effort to prevent the issuance of any such stop order, cease and desist order or similar order and, if any such order is issued, to obtain the lifting thereof at the earliest possible time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company shall immediately notify the Trust and the Distributor of: (i) the issuance by any court or regulatory body of any stop order, cease and desist order, or other similar order (but not including an order of a regulatory body exempting or approving a proposed transaction or arrangement) with respect to the Contracts' Registration Statement or the Contracts' Prospectus, (ii) any request by the SEC for any amendment to the Contracts' Registration Statement or Prospectus, (iii) the initiation of any proceedings for that purpose or for any other purposes relating to the registration or offering of the Contracts, or (iv) any other action or circumstances that may prevent the lawful offer or sale of the Contracts or any class of Contracts in any state or jurisdiction, including, without limitation, any circumstance in which such Contracts are not registered, qualified and approved, and, in all material respects, issued and sold in accordance with applicable state and federal laws. The Company will make every reasonable effort to prevent the issuance of any such stop order, cease and desist order or similar order and, if any such order is issued, to obtain the lifting thereof at the earliest possible time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each party shall immediately notify the other parties when it receives notice, or otherwise becomes aware of, the commencement of any litigation or proceeding against such party or a person affiliated with such party arising in connection with the Trust or the Accounts or the issuance or sale of Trust Shares or the Contracts.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company shall provide to the Trust and the Distributor any complaints it has received from Contract Owners pertaining to the Trust or a Fund, and the Trust and Distributor shall each provide to the Company any complaints it has received from Contract Owners relating to the Contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.17. Cooperation.** Each party hereto shall cooperate with the other parties and all appropriate government authorities (including without limitation the SEC, FINRA and state securities and insurance regulators) and shall permit such authorities reasonable access to its books and records in connection with any investigation or inquiry by any such authority relating to this Agreement or the transactions contemplated hereby. However, such access shall not extend to attorney-client privileged information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.18. Money Market Fund.** The Company acknowledges and agrees that Contract Owners will suffer no financial loss or other harm in the event that the Trust Board determines to temporarily or permanently use market values rather than the amortized cost value to value the assets of the Trust's Money Market Fund, thereby preventing the Trust from maintaining a constant net asset value per share for the Money Market Fund Class of Trust Shares.

**ARTICLE V** 

**Sale, Administration and Servicing of the Contracts** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.1. Sale of the Contracts.** The Company shall be fully responsible as to the Trust and the Distributor for the sale and marketing of the Contracts. The Company shall provide Contracts, the Contracts' and Trust's Prospectuses (or Summary Prospectuses), Contracts' and Trust's Statements of Additional Information, and all amendments or supplements to any of the foregoing to Contract Owners and prospective Contract Owners, all in accordance with Applicable Law. Without limiting the generality of the foregoing, the Company shall: (1) enter into and enforce agreements with affiliated and unaffiliated parties to, and (2) adopt and implement written compliance policies and procedures reasonably designed to, ensure that:

● all persons offering or selling the Contracts are duly licensed and registered under Applicable Law,

● all individuals offering or selling the Contracts are duly appointed agents of the Company and are registered representatives of a FINRA member broker-dealer,

● each sale of a Contract satisfies all suitability requirements under Applicable Law,

● all persons offering or selling the Contracts disclose to prospective Contract Owners remuneration each expects to receive in connection with sales of the Contracts and any conflicts of interest arising therefrom as required by Applicable Law,

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● no persons offering or selling the Contracts intend to engage in Account unit transactions that would violate the Company's or the Trust's Disruptive Trading Policies, and

● Prospectuses are delivered as required by Article IV of this Agreement and Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.2. Anti-Money Laundering.** The Company shall comply with all Applicable Laws designed to prevent money "laundering", and if required by such laws or regulations, to share with the Trust information about individuals, entities, organizations and countries suspected of possible terrorist or money "laundering" activities in accordance with Section 314(b) of the USA Patriot Act. In particular, the Company agrees that:

● as part of processing an application for a Contract, it will verify the identity of applicants and, if an applicant is not a natural person, will verify the identity of prospective principal and beneficial owners submitting an application for a Contract,

● as part of its ongoing compliance with the USA Patriot Act, it will, from time to time, reverify the identity of Contract Owners, including the identity of principal and beneficial owners of Contracts held by non-natural persons,

● as part of processing an application for a Contract, it will verify that no applicant, including prospective principal or beneficial Contract Owners, is a "specially designated national" or a person from an embargoed or "blocked" country as indicated by the Office of Foreign Asset Control ("OFAC") list of such persons,

● as part of its ongoing compliance with the USA Patriot Act, it will, from time to time, reverify that no Contract Owner, including a principal or beneficial Contract Owners, is a "specially designated national" or a person from an embargoed or "blocked" country as indicated by the OFAC list of such persons,

● it will ensure that money tendered to the Trust as payment for Trust Shares did not originate with a bank lacking a physical place of business (*i.e.*, a "shell" bank) or from a country or territory named on the list of high-risk or non-cooperating countries or jurisdictions published by the Financial Action Task Force, and

● if any of the foregoing cease to be true, the Trust or its agents, in compliance with the USA Patriot Act or Bank Secrecy Act, may seek authority to block transactions in Account units arising from accounts of one or more such Contract Owners with the Company or of one or more of the Company's accounts with the Trust.

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The Trust and the Distributor shall comply with all Applicable Laws designed to prevent money "laundering", and if required by such laws or regulations, to share with the Company information about individuals, entities, organizations and countries suspected of possible terrorist or money "laundering" activities in accordance with Section 314(b) of the USA Patriot Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.3 Anti-Bribery**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company warrants that in any way related to this Agreement, it and its affiliates, agents, and employees will at all times comply with all applicable laws, regulations, including self-regulatory organization ("SRO") regulations, and administrative requirements, including those pertaining to tax reporting and tax compliance, tax evasion or the facilitation of tax evasion, and those dealing with bribery, corruption, improper or illegal payments, gifts, gratuities or money laundering, and shall take no action which would subject Goldman Sachs to penalties under applicable laws, regulations and administrative requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company represents that, in connection with this Agreement, it has not and warrants that it will not (i) make (or cause to be made), offer, promise, or authorize any payments or gifts or anything of value, directly or indirectly, to any Public Official (as defined below) or to any other person to secure an improper advantage, improperly obtain or retain business or an improper advantage, or otherwise to induce any person to perform their duties improperly, or (ii) pay, offer, or agree to pay (or cause to be paid, offered or agreed to be paid) any political contributions or donations. In performing this Agreement, the Company agrees to not authorize, make, permit to be made, or allow any agents, subcontractors, vendors, consultants, or other third parties ("Third Parties") to make any payments, which, if made by the Company, would violate this Agreement. As used in this Agreement, "Public Official" means any person holding an elected or appointed office and any other officer or employee of a government or a department, agency, instrumentality or part thereof (including a state-owned or -controlled enterprise or a joint venture/partnership with a government entity), any officer or employee of a public international organization or a political party, and any candidate for political office; or any person exercising a public function or acting in an official capacity for or on behalf of any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company represents that, in connection with this Agreement, it has not and warrants that it will not receive or solicit bribes, kickbacks, or other improper benefits related to its services to Goldman Sachs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company hereby acknowledges that it has received and reviewed a copy of the Goldman Sachs Anti-Bribery and Anti-Corruption Compliance Statement (available at https://www.goldmansachs.com/investor-relations/corporate-governance/corporate-governance-documents/anti-bribery-program.pdf , which may be amended from time to time), setting forth Goldman Sachs' anti-corruption policy with respect to its business activities and relations with clients and prospective clients, and warrants and agrees that in connection with this Agreement, the Company will act on a consistent basis with such Statement and in no event shall take any action that would cause or reasonably be expected to cause Goldman Sachs to be in violation of such Statement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the extent the Company retains Third Parties in connection with this Agreement and those Third Parties will (i) provide some or all of the same activities for which the Company has been engaged under the Agreement, (ii) introduce clients or other business opportunities in connection with the Agreement, or (iii) communicate or interact with government entities or Public Officials, the Company warrants that it will ensure appropriate, risk-based due diligence is conducted on each such Third Party consistent with industry best practices, provide appropriate training to relevant employees of the Third Parties, monitor their activities to ensure compliance with applicable laws as it relates to this Agreement, and take such other steps as are reasonable and proportionate to ensure compliance with applicable laws related to the Agreement, as well as the terms and conditions of this Agreement. The Company shall ensure that its contracts with Third Parties approved by Goldman Sachs include clauses (a) – (c) above. The Company also agrees to comply with any other reasonable requirements set forth by Goldman Sachs as part of its approval of a Third Party related to the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company agrees to give prompt written notice to Goldman Sachs in the event that, at any time during the term of this Agreement, any representations set forth in this Section are no longer accurate or the Company has failed to comply with or has breached any of its warranties hereunder. For the avoidance of doubt, inadvertent errors or incomplete documentation with respect to section 5.3(e) that do not reasonably harm Goldman Sachs will not constitute such failure to comply or breach of the warranties. In the event of such notice, or if Goldman Sachs otherwise verifies or determines reasonably and in good faith that the representations are no longer true and accurate or that the Company has failed to comply with or has breached any of its warranties hereunder, then notwithstanding any other provision of this Agreement, Goldman Sachs shall have the unilateral right to terminate this Agreement by written notice to the Company and the Company shall not be entitled to receive any compensation from the time of such non- compliance or breach, including for services previously rendered to the extent that those services are related to the non-compliance or breach. However, no compensation shall be withheld for periods after any such non-compliance or breach was corrected or after Goldman Sachs became aware of such breach or non-compliance and failed to promptly notify the Company of same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.4. Administration and Servicing of the Contracts.** The Company shall be fully responsible for the underwriting, issuance, service and administration of the Contracts and for the administration of the Accounts, including, without limitation, the calculation of performance information for the Contracts, the timely payment of Contract Owner redemption requests and processing of Contract transactions, and the maintenance of a service center, such functions to be performed in all respects at a level commensurate with those standards prevailing in the variable insurance industry. The Company shall provide to Contract Owners all Trust reports, information statements, proxy statements and other voting instruction solicitation materials, and updated Trust Prospectuses (or Summary Prospectuses) as required by Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.5. Trust Prospectuses and Reports.** In order to enable the Company to fulfill its obligations under this Agreement and Applicable Law, the Trust shall provide the Company with: (a) the 498A Documents for the Series and Classes listed on Schedules 1B, 2B, and 3B in an electronic format that is suitable for Web site posting, and in a format, or formats, that: (i) are both human-readable and capable of being printed on paper in human-readable format (in accordance

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with paragraph (h)(2)(i) of Rule 498A); (ii) permit persons accessing the applicable Fund's Statutory Prospectus and Statement of Additional Information to move directly back and forth between each section heading in a table of contents of such document and the section of the document referenced in that section heading (that is, these documents must include linking, to the extent required under paragraph (h)(2)(ii) of Rule 498A); and (iii) permit persons accessing the 498A Documents to permanently retain, free of charge, an electronic version of such materials that meet the requirements of subparagraphs (h)(2)(i) and (ii) of Rule 498A (in accordance with paragraph (h)(3) of Rule 498A); and (b) a copy, in camera-ready form or form otherwise suitable for printing or duplication of any Trust proxy soliciting material for such Series or Classes. The Trust and the Company may amend this section 5.5, but the Trust reserves the right to require its prior approval of the printing of the foregoing documents. The Trust shall provide the Company at least 10 days advance written notice when any such material shall become available, provided, however, that in the case of a supplement, the Trust shall provide the Company notice reasonable in the circumstances, it being understood that circumstances surrounding such supplement may not allow for advance notice. The Company may not alter any material so provided by the Trust or the Distributor (including, without limitation, presenting or delivering such material in a different medium such as electronic mail or attachments thereto) without the prior written consent of the Distributor. Nothing in this section shall relieve the Company of its obligations under Rule 498A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.6. Trust Advertising Material.** Neither the Company or any person directly or indirectly authorized by the Company (including, without limitation, underwriters, distributors, and sellers of the Contracts) shall use any piece of advertising, sales literature or other promotional material in which the Trust, the Distributor, or an affiliate of either is named, except with the prior written consent of the Trust or the Distributor. The Company shall furnish to the Trust or the Distributor each such piece of advertising, sales literature or other promotional material at least ten (10) days prior to its use. The Trust or the Distributor shall respond to any request for written consent on a prompt and timely basis, but failure to respond shall not relieve the Company of the obligation to obtain the prior written consent of the Trust or the Distributor. After receiving the Trust's or Distributor's consent to the use of any such material, no further changes may be made without obtaining the Trust's or Distributor's written consent to such changes. The Trust or Distributor may at any time in its sole discretion revoke such written consent, and upon notification of such revocation, the Company shall no longer use the material subject to such revocation. The Company shall not be responsible for filing any materials with FINRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.7. Contracts Advertising Material.** The Trust and the Distributor shall not use any piece of advertising, sales literature or other promotional material in which the Company, an Account or a Contract is named, except with the prior written consent of the Company. The Trust or the Distributor shall furnish to the Company each such piece of advertising, sales literature or other promotional material at least ten (10) days prior to its use. The Company shall respond to any request for written consent on a prompt and timely basis, but failure to respond shall not relieve the Trust or the Distributor of the obligation to obtain the prior written consent of the Company. After receiving the Company's consent to the use of any such material, no further changes may be made by the Trust or Distributor without obtaining the Company's consent to such changes. The Company may at any time in its sole discretion revoke any written consent, and upon notification

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of such revocation, neither the Trust nor the Distributor shall use the material subject to such revocation. The Trust and the Distributor shall not be responsible for filing any such materials with FINRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.8. Trade Names.** No party shall use any other party's names, logos, trademarks or service marks, whether registered or unregistered, without the prior written consent of such other party, or after written consent therefor has been revoked. The Company shall not use in advertising, publicity or otherwise the name of the Trust, Distributor, or any of their affiliates nor any trade name, trademark, trade device, service mark, symbol or any abbreviation, contraction or simulation thereof of the Trust, Distributor, or their affiliates without the prior written consent of the Trust or the Distributor in each instance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.9. Additional Covenants and Representations by Company.** Except with the prior written consent of the Trust, the Company shall not give any information or make any representations or statements about the Trust or the Funds nor shall it authorize or allow any other person to do so except information or representations contained in the Trust's Registration Statement or the Trust's Prospectuses or in proxy statements for the Trust, or in advertisements, sales literature or other promotional material approved in writing by the Trust or its designee in accordance with this Article V, or in published reports or statements of the Trust in the public domain.

The Company represents that advertisements, sales literature or other promotional material for the Contracts prepared by the Company or its affiliates are and will be consistent with Applicable Law, including, but not limited to, FINRA Conduct Rules 2210, 2212, 2213, and 2214.

The Company has adopted and implemented, or shall adopt and implement, written compliance procedures reasonably designed to ensure that information concerning the Trust, the Distributor, or any of their affiliates which is intended for use by brokers or agents selling the Contracts (*i.e.,* information that is not intended for distribution to Contract Owners or prospective Contract Owners) is used solely in the manner so intended. Neither the Trust, the Distributor, nor any of their affiliates shall be liable for any losses, damages, or expenses relating to the improper use of such "broker only" materials by agents of the Company or its affiliates who are unaffiliated with the Trust or the Distributor.

The Company understands and acknowledges that each Fund may invest in one or more registered investment companies or business development companies in reliance on Rule 12d1-4 under the 1940 Act (each, an "acquired fund"), and, agrees that prior to placing any order to purchase shares of a Fund investing in an acquired fund pursuant to such Rule, the Company will determine, and, upon request, will provide certification to the Trust evidencing such determination, that the fees and expenses borne by the Account purchasing the shares, such Fund and each acquired fund of such Fund, in the aggregate, are consistent with the standard set forth in Section 26(f)(2)(A) of the 1940 Act.

The parties agree that this Section 5.9 is not intended to imply that the Company is an underwriter or distributor of the Trust's shares or a dealer in the Trust's shares.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.10. Additional Covenants and Representations by Trust.** Except with the prior written consent of the Company, the Trust shall not give any information or make any representations on behalf of the Company or concerning the Company, the Accounts or the Contracts other than the information or representations contained in the appropriate Contract Registration Statement or Contract Prospectus or in published reports of or statements by the Company or the Accounts which are in the public domain or in advertisements, sales literature or other promotional material approved in writing by the Company in accordance with this Article V.

The Trust represents that advertisements, sales literature or other promotional material for the Trust prepared by the Distributor or its affiliates in connection with the sale of the Contracts are and will be consistent with Applicable Law, including, but not limited to, FINRA Conduct Rules 2210, 2212, 2213, and 2214.

The Trust or the Distributor shall mark information produced by or on behalf of the Trust which is intended for use by brokers or agents selling the Contracts (*i.e.,* information that is not intended for distribution to Contract Owners or prospective Contract Owners) "FOR BROKER USE ONLY," and neither the Company nor any of its affiliates shall be liable for any losses, damages, or expenses arising on account of the use by brokers of such information with third parties in the event that it is not so marked.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.11. Advertising.** For purposes of this Article V, the phrase "advertising, sales literature or other promotional material" includes, but is not limited to, any material constituting sales literature, advertising, or communications with the public under FINRA Conduct rules, the 1940 Act or the 1933 Act. Such material includes, without limitation, the following materials for prospective Contract Owners, existing Contract Owners, wholesalers and other broker-dealers, rating or ranking agencies, or the press:

● advertisements (such as material published, or designed for use in, a newspaper, magazine, or other periodical, radio, television, telephone or tape recording, videotape display, signs or billboards, motion pictures, websites, or other public media),

● sales literature (i.e., any written communication distributed or made generally available to customers or the public, including brochures, circulars, research reports, market letters, form letters, seminar texts, reprints or excerpts of any other advertisement, sales literature, electronic mail, or published article),

● educational or training materials or other communications distributed or made generally available to some or all agents or employees, and

● registration statements, prospectuses, statements of additional information, shareholder reports, and proxy materials.

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**ARTICLE VI** 

**Compliance with Code** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1. Section 817(h).** The Trust, on behalf of each Fund, will comply with Section 817(h) of the Code and Treasury Regulation 1.817-5 thereunder, relating to the diversification requirements for variable annuity, endowment, or life insurance contracts, and any amendments or other modifications to such Section and Regulation or successors thereto, to the extent applicable to the Fund as an investment company underlying the Account. The Trust shall notify the Company immediately upon having a reasonable basis for believing that a Fund has ceased to so comply and will not be able to comply within the grace period afforded by Treasury Regulation 1.817-5.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2. Subchapter M.** The Trust shall maintain the qualification of each Fund as a regulated investment company (under Subchapter M of the Code or any successor or similar provision), and the Trust shall notify the Company immediately upon having a reasonable basis for believing that a Fund has ceased to so qualify and will not be able to qualify within the grace period afforded by Section 851 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3. Company and Contracts.** The Company represents and warrants that it is a life insurance company within the meaning of Section 816(a) of the Code. The Company shall ensure that at the time each Contract is issued it is a variable contract (as defined in Section 817(d) of the Code) which is treated as a life insurance, endowment, or annuity contract under applicable provisions of the Code, and that as long as the Accounts hold shares of the Trust the Company shall maintain such treatment for each outstanding Contract. The Company shall notify the Trust and the Distributor immediately upon having any basis for believing that the Contracts will not be treated as life insurance, endowment, or annuity contracts under applicable provisions of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.4 Regulation 1.817-5(f).** The Company shall ensure that no Fund fails to remain eligible for "look-through" treatment under Treasury Regulation 1.817-5(f) by reason of a current or future failure of the Company, the Accounts or the Contracts to comply with any applicable requirements of the Code or Treasury Regulations. The Company shall notify the Trust and the Distributor immediately upon having any basis for believing that the failure of the Company, the Accounts or the Contracts to comply with any applicable requirements of the Code or Treasury Regulations could render a Fund ineligible, or jeopardize a Fund's eligibility, for "look-through" treatment under Treasury Regulation 1.817-5(f). In the event of such a failure, the Company shall take all necessary steps to cure any such failure, including, if necessary, obtaining a waiver or closing agreement with respect to such failure from the U.S. Internal Revenue Service at the Company's expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.5 Modified Endowment Contracts.** The Company shall ensure that any Prospectus offering a variable life insurance Contract in circumstances where it is reasonably probable that such Contract would be a "modified endowment contract," as that term is defined in Section 7702A of the Code, will identify such Contract as a modified endowment contract.

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**ARTICLE VII** 

**Expenses** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.1. Expenses.** All expenses incident to each party's performance under this Agreement (including expenses expressly assumed by such party pursuant to this Agreement) shall be borne by such party to the extent permitted by law, except as otherwise provided below or in a separate agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.2. Trust Expenses.** Expenses incident to the Trust's performance of its duties and obligations under this Agreement include, but are not limited to, the costs of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) registration and qualification of the Trust Shares under the federal securities

laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) preparation and filing with the SEC of the Trust's Prospectuses, Summary Prospectuses, Statement of Additional Information, Registration Statement, information statements, proxy statements and other proxy materials, and shareholder reports, and preparation of a "camera-ready" copy of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) preparation of all statements and notices required by Applicable Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) provision and maintenance of the Fund Documents Web Site;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) printing of all information statements, proxy statements and other proxy materials, shareholder reports, Prospectuses, Summary Prospectuses and other documents required to be provided by the Trust to its existing shareholders, and providing sufficient copies of the same to the Company for distribution to Contract Owners then invested in Accounts that hold Trust Shares; provided, however, that if the Company prints copies of a Trust Prospectus (or portions thereof) or Summary Prospectus as part of a larger document containing Prospectuses of other investment companies, any expense obligation of the Trust shall be limited only to its share of the cost of printing the document. For this purpose, the Trust's share shall be the percentage of the total cost of the document represented by the ratio that the number of pages of the Trust's Prospectus or Summary Prospectus bears to the total number of pages in the document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) all taxes on the issuance or transfer of Trust Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) payment of all expenses of operating the Trust, including, without limitation, expenses relating to fees for custody, auditing, transfer agency services, legal services, investment management services, and insurance coverage, as well as Trustee compensation and 1940 Act Rule 24f-2 fees in connection with sales of Trust Shares to Schedule 2 Accounts, Schedule 3 Accounts, and Qualified Persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) payment of any expenses permitted to be paid or assumed by the Trust pursuant to a Rule 12b-1 Plan and/or shareholder service plan; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) provision or printing of Trust proxy statements and other proxy materials required in connection with the Company's obligation to solicit voting instructions from Contract Owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.3. Company Expenses.** Expenses incident to the Company's performance of its duties and obligations under this Agreement include, but are not limited to, the costs of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) registration and qualification of the Schedule 1 Contracts under Applicable Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) preparation of Contract Prospectuses, preparation of Registration Statements with the SEC for Schedule 1 Contracts, payment of registration fees for Schedule 1 Contracts pursuant to Rule 24f-2 under the 1940 Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the sale, marketing and distribution of the Contracts, including compensation for Contract sales, printing and delivery of Contract Prospectuses to current and prospective Contract owners, and printing and delivery of the Trust's Prospectuses or Summary Prospectuses to prospective Contract Owners;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) provision and maintenance of internet websites other than the Fund Documents Web Site, including the Web site specified in paragraph (j)(1)(iii) of Rule 498A;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) administration of the Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) payment of all expenses of operating the Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) preparation, printing and delivery of all statements and notices to Contract Owners required by Applicable Law other than those paid for by the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.4. Other Expenses and Payments.** The Trust and the Distributor shall pay no fee or other compensation to the Company under this Agreement. Each party, however, shall, in accordance with the allocation of expenses specified in this Agreement, reimburse other parties for expenses paid by such other parties, but allocated to it. In addition, nothing herein shall prevent the parties from otherwise agreeing to perform, and arranging for appropriate compensation for, services relating to the Trust, the Distributor, the Company or the Accounts.

Notwithstanding anything else in this Agreement, pursuant to any Rule 12b-1 Plan adopted by the Trust, and as contemplated by Article 3.2(g) of this Agreement, the Trust or any Series or Class thereof may pay the Distributor, and the Distributor may pay the principal underwriter or distributor of one or more classes of Contracts, for activities primarily intended to result in the sale of Trust Shares to the Accounts through which such Contracts are issued. Likewise, pursuant to any shareholder service plan adopted and implemented by the Trust or any Series or Class thereof under Rule 12b-1 of the 1940 Act or otherwise, the Trust or the appropriate Series or Class may

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pay the Distributor and the Distributor may pay the principal underwriter or distributor of one or more classes of Contracts, or the Company, for activities related to personal service and/or maintenance of Contract Owner accounts and/or administration services, as permitted by such plan.

**ARTICLE VIII** 

**Potential Conflicts** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1. SEC Order.** The parties to this Agreement acknowledge that the Trust has obtained the SEC Order granting exemptions from various provisions of the 1940 Act and the rules thereunder to Participating Accounts supporting variable life insurance policies to the extent necessary to permit them to hold Trust Shares when Trust Shares also are sold to and held by variable annuity and variable life insurance separate accounts of both affiliated and unaffiliated Participating Insurance Companies and other Qualified Persons (as defined in Section 1.18 hereof). The relief provided by the SEC Order is conditioned upon the Trust and each Participating Insurance Company complying with conditions and undertakings substantially as provided in this Article VIII. The Trust and the Distributor reserve the right to determine that one or more provisions of this Article VIII are no longer applicable, and in that event will notify the Company to that effect. Upon receipt of such notice by the Company, this Agreement shall be deemed amended to eliminate the provisions of Article VIII specified in the notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2. Company Monitoring Requirements.** The Company will monitor its operations and those of the Trust for the purpose of identifying any material irreconcilable conflicts or potential material irreconcilable conflicts between or among the interests of Participating Plans, Product Owners of variable life insurance policies and Product Owners of variable annuity contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.3. Company Reporting Requirements.** The Company shall report any conflicts or potential conflicts to the Trust Board and will provide the Trust Board, at least annually, with all information reasonably necessary for the Trust Board to consider any issues raised by such existing or potential conflicts or by the conditions and undertakings required by the Exemptive Order. The Company also shall assist the Trust Board in carrying out its obligations including, but not limited to: (a) informing the Trust Board whenever it disregards Contract Owner voting instructions with respect to variable life insurance policies, and (b) providing such other information and reports as the Trust Board may reasonably request. The Company will carry out these obligations with a view only to the interests of Contract Owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.4. Trust Board Monitoring and Determination.** The Trust Board shall monitor the Trust for the existence of any material irreconcilable conflicts between or among the interests of Participating Plans, Product Owners of variable life insurance policies and Product Owners of variable annuity contracts and determine what action, if any, should be taken in response to those conflicts. A majority vote of Trustees who are not interested persons of the Trust as defined in the 1940 Act (the "disinterested trustees") shall represent a conclusive determination as to the existence of a material irreconcilable conflict between or among the interests of Product Owners

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and Participating Plans and as to whether any proposed action adequately remedies any material irreconcilable conflict. The Trust Board shall give prompt written notice to the Company and Participating Plan of any such determination. Minutes of the meetings of the Trust Board, or other appropriate records of the Trust, shall record all reports received by the Board regarding such conflicts and all actions taken by the Board in response.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.5. Undertaking to Resolve Conflict.** In the event that a material irreconcilable conflict of interest arises between Product Owners of variable life insurance policies or Product Owners of variable annuity contracts and Participating Plans, the Company will, at its own expense, take whatever action is necessary to remedy such conflict as it adversely affects Contract Owners up to and including: (1) establishing a new registered management investment company, and (2) withdrawing assets from the Trust attributable to reserves for the Contracts subject to the conflict and reinvesting such assets in a different investment medium (including another Fund) or submitting the question of whether such withdrawal should be implemented to a vote of all affected Contract Owners, and, as appropriate, segregating the assets supporting the Contracts of any group of such owners that votes in favor of such withdrawal, or offering to such owners the option of making such a change. The Company will carry out the responsibility to take the foregoing action with a view only to the interests of Contract Owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.6. Withdrawal.** If a material irreconcilable conflict arises because of the Company's decision to disregard the voting instructions of Contract Owners of variable life insurance policies and that decision represents a minority position or would preclude a majority vote at any Fund shareholder meeting, then, if Trust Board so requests, the Company will redeem the shares of the Trust to which the disregarded voting instructions relate and terminate this Agreement with respect to the Account through which such Contracts were issued. No charge or penalty, however, will be imposed in connection with such a redemption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.7. Expenses Associated with Remedial Action.** In no event shall the Trust be required to bear the expense of establishing a new funding medium for any Contract. The Company shall not be required by this Article VIII to establish a new funding medium for any Contract if an offer to do so has been declined by vote of a majority of the Contract Owners materially adversely affected by the irreconcilable material conflict.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.8. Successor Rules.** If and to the extent that Rule 6e-2 and Rule 6e-3(T) are amended, or Rule 6e-3 is adopted, to provide exemptive relief from any provisions of the 1940 Act or the rules promulgated thereunder with respect to mixed and shared funding on terms and conditions materially different from those contained in the SEC Order, then: (a) the Trust and/or the Company, as appropriate, shall take such steps as may be necessary to comply with Rules 6e-2 and 6e-3(T), as amended, or Rule 6e-3, as adopted, as applicable, to the extent such rules are applicable, and (b) Sections 8.2 through 8.7 of this Agreement shall continue in effect only to the extent that terms and conditions substantially identical to such Sections are contained in such Rule(s) as so amended or adopted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.9. Money Market Fund.** The Company acknowledges and agrees that the Trust's failure to maintain a constant net asset value per share for the Money Market Fund Class of Trust

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Shares, as contemplated by Section 4.18 of this Agreement, will not give rise to a material irreconcilable material conflict between the interests of Contract Owners or any class of Contract Owners and the interests of any other class of Product Owners, or Product Owners generally.

**ARTICLE IX** 

**Indemnification** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.1. Indemnification by the Company.** The Company hereby agrees to, and shall, indemnify and hold harmless the Trust, the Distributor and each person who controls or is affiliated with the Trust or the Distributor within the meaning of such terms under the 1933 Act or 1940 Act (but not any other Participating Insurance Companies or Qualified Persons) and any officer, trustee, partner, director, employee or agent of the foregoing, against any and all losses, claims, damages or liabilities, joint or several (including any investigative, legal and other expenses reasonably incurred in connection with, and any amounts paid in settlement of, any action, suit or proceeding or any claim asserted), to which they or any of them may become subject under any statute or regulation, at common law or otherwise, insofar as such losses, claims, damages, expenses or liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) arise out of or are based upon any untrue statement of any material fact or alleged untrue statement of material fact contained in a Contract Registration Statement, Contract Prospectus, sales literature or other promotional material for the Contracts or the Contracts themselves (or any amendment or supplement to any of the foregoing), or arise out of or are based upon the omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made; provided that this obligation to indemnify shall not apply if such statement or omission was made in reliance upon and in conformity with information furnished in writing to the Company by the Trust or the Distributor for use in a Contract Registration Statement, Contract Prospectus or in the Contracts or sales literature or promotional material for the Contracts (or any amendment or supplement to any of the foregoing) or otherwise for use in connection with the sale of the Contracts or Trust Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) arise out of any untrue statement or alleged untrue statement of a material fact contained in the Trust Registration Statement, any Prospectus for Series or Classes or sales literature or other promotional material of the Trust (or any amendment or supplement to any of the foregoing), or the omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made, if such statement or omission was made in reliance upon and in conformity with information furnished to the Trust or Distributor in writing by or on behalf of the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) arise out of or are based upon any wrongful conduct of, or violation of Applicable Law by, the Company or persons under its control or subject to its authorization, including without limitation, any broker-dealers or agents authorized to sell

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the Contracts, with respect to the sale, marketing or distribution of the Contracts or Trust Shares, including, without limitation, any impermissible use of broker-only material, unsuitable or improper sales of the Contracts or unauthorized representations about the Contracts or the Trust; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) arise as a result of any material failure by the Company or persons under its control (or subject to its authorization) to provide services, furnish materials or make payments as required under this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) arise out of any material breach by the Company or persons under its control (or subject to its authorization) of this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any breach of any warranties contained in Article II or III hereof, any failure to comply with the procedures set forth in Article II, or any unauthorized use of the names or trade names of the Trust or the Distributor; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) arise out of any negligent act or omission by the Company, the Company's correspondents or their agents relating to Networking and Fund/SERV; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) arise out of the execution and settlement of redemption of non-certificated book shares or certificated shares of a Series of the Trust pursuant to instructions received from the Company, its agents, employees or representatives under the Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of the execution of any transactions with respect to Trust shares through Fund/SERV; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) arise out of the Trust's acceptance of any transaction or account maintenance information from the Company through Networking or Fund/SERV.

This indemnification is in addition to any liability that the Company may otherwise have; provided, however, that no party shall be entitled to indemnification if such loss, claim, damage, expense or liability is caused by the wilful misfeasance, bad faith, gross negligence or reckless disregard of duty by the party seeking indemnification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.2. Indemnification by the Trust.** The Trust hereby agrees to, and shall, indemnify and hold harmless the Company and each person who controls or is affiliated with the Company within the meaning of such terms under the 1933 Act or 1940 Act and any officer, director, employee or agent of the foregoing, against any and all losses, claims, damages or liabilities, joint or several (including any investigative, legal and other expenses reasonably incurred in connection with, and any amounts paid in settlement of, any action, suit or proceeding or any claim asserted), to which they or any of them may become subject under any statute or regulation, at common law or otherwise, insofar as such losses, claims, damages, expenses or liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) arise out of or are based upon any untrue statement of any material fact or alleged untrue statement of material fact contained in the Trust Registration Statement, any

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Prospectus for Series or Classes or sales literature or other promotional material of the Trust (or any amendment or supplement to any of the foregoing), or arise out of or are based upon the omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made; provided that this obligation to indemnify shall not apply if such statement or omission was made in reliance upon and in conformity with information furnished in writing by the Company to the Trust or the Distributor for use in the Trust Registration Statement, Trust Prospectus or sales literature or promotional material for the Trust (or any amendment or supplement to any of the foregoing) or otherwise for use in connection with the sale of the Contracts or Trust Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) arise out of any untrue statement of a material fact or alleged untrue statement of material fact contained in a Contract Registration Statement, Contract Prospectus or sales literature or other promotional material for the Contracts (or any amendment or supplement to any of the foregoing), or the omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made, if such statement or omission was made in strict conformity with and in reasonable reliance upon information furnished in writing by the Trust to the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) arise out of or are based upon wrongful conduct of the Trust or its Trustees or officers with respect to the sale of Trust Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) arise as a result of any material failure by the Trust to provide services, furnish materials or make payments as required under the terms of this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) arise out of any material breach by the Trust of this Agreement (including any breach of Section 6.1 of this Agreement and any warranties contained in Article II or III hereof); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) arise out of any negligent act or omission by the Trust or its agents relating to Networking and Fund/SERV,; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) arise out of the Trust's failure to comply with the procedures set forth in Article II; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) arise out of the Company's acceptance of any transaction or account maintenance information from the Trust through Networking or Fund/SERV.

It being understood that in no way shall the Trust be liable to the Company with respect to any violation of insurance law, compliance with which is a responsibility of the Company under this Agreement or otherwise or as to which the Company failed to inform the Trust in accordance with Section 4.10 hereof. This indemnification is in addition to any liability that the Trust may otherwise have; provided, however, that no party shall be entitled to indemnification if such loss,

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claim, damage or liability is caused by the wilful misfeasance, bad faith, gross negligence or reckless disregard of duty by the party seeking indemnification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.3. Indemnification by the Distributor.** The Distributor hereby agrees to, and shall, indemnify and hold harmless the Company and each person who controls or is affiliated with the Company within the meaning of such terms under the 1933 Act or 1940 Act and any officer, director, employee or agent of the foregoing, against any and all losses, claims, damages or liabilities, joint or several (including any investigative, legal and other expenses reasonably incurred in connection with, and any amounts paid in settlement of, any action, suit or proceeding or any claim asserted), to which they or any of them may become subject under any statute or regulation, at common law or otherwise, insofar as such losses, claims, damages, expenses or liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) arise out of or are based upon any untrue statement of any material fact or alleged untrue statement of material fact contained in the Trust Registration Statement, any Prospectus for Series or Classes or sales literature or other promotional material of the Trust (or any amendment or supplement to any of the foregoing), or arise out of or are based upon the omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made; provided that this obligation to indemnify shall not apply if such statement or omission was made in reliance upon and in conformity with information furnished in writing by the Company to the Trust or Distributor for use in the Trust Registration Statement, Trust Prospectus or sales literature or promotional material for the Trust (or any amendment or supplement to any of the foregoing) or otherwise for use in connection with the sale of the Contracts or Trust Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) arise out of any untrue statement of a material fact or alleged untrue statement of material fact contained in a Contract Registration Statement, Contract Prospectus or sales literature or other promotional material for the Contracts (or any amendment or supplement to any of the foregoing), or the omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made, if such statement or omission was made in strict conformity with and in reasonable reliance upon information furnished in writing by the Distributor to the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) arise out of or are based upon wrongful conduct of the Distributor or persons under its control with respect to the sale of Trust Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) arise as a result of any material failure by the Distributor or persons under its control to provide services, furnish materials or make payments as required under the terms of this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) arise out of any material breach by the Distributor or persons under its control of this Agreement (including any breach of Section 6.1 of this Agreement and any warranties contained in Article III hereof);

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it being understood that in no way shall the Distributor be liable to the Company with respect to any violation of insurance law, compliance with which is a responsibility of the Company under this Agreement or otherwise or as to which the Company failed to inform the Distributor in accordance with Section 4.10 hereof. This indemnification is in addition to any liability that the Distributor may otherwise have; provided, however, that no party shall be entitled to indemnification if such loss, claim, damage or liability is caused by the wilful misfeasance, bad faith, gross negligence or reckless disregard of duty by the party seeking indemnification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.4. Rule of Construction.** It is the parties' intention that, in the event of an occurrence for which the Trust has agreed to indemnify the Company, the Company shall seek indemnification from the Trust only in circumstances in which the Trust is entitled to seek indemnification from a third party with respect to the same event or cause thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.5. Indemnification Procedures.** After receipt by a party entitled to indemnification ("indemnified party") under this Article IX of notice of the commencement of any action, if a claim in respect thereof is to be made by the indemnified party against any person obligated to provide indemnification under this Article IX ("indemnifying party"), such indemnified party will notify the indemnifying party in writing of the commencement thereof as soon as practicable thereafter, provided that the omission to so notify the indemnifying party will not relieve it from any liability under this Article IX, except to the extent that the omission results in a failure of actual notice to the indemnifying party and such indemnifying party is damaged solely as a result of the failure to give such notice. The indemnifying party, upon the request of the indemnified party, shall retain counsel reasonably satisfactory to the indemnified party to represent the indemnified party and any others the indemnifying party may designate in such proceeding and shall pay the reasonable fees and disbursements of such counsel related to such proceeding. In any such proceeding, any indemnified party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such indemnified party unless (a) the indemnifying party and the indemnified party shall have mutually agreed to the retention of such counsel or (b) the named parties to any such proceeding (including any impleaded parties) include both the indemnifying party and the indemnified party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. The indemnifying party shall not be liable for any settlement of any proceeding effected without its written consent but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party from and against any loss or liability by reason of such settlement or judgment.

A successor by law of the parties to this Agreement shall be entitled to the benefits of the indemnification contained in this Article IX. The indemnification provisions contained in this Article IX shall survive any termination of this Agreement.

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**ARTICLE X** 

**Relationship of the Parties; Termination** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.1. Relationship of Parties.** The Company is to be an independent contractor vis-a-vis the Trust, the Distributor, or any of their affiliates for all purposes hereunder and has no authority to act for or represent any of them (except to the limited extent the Company acts as designee of the Trust pursuant to Section 2.3(a) of this Agreement). In addition, no officer or employee of the Company shall be deemed to be an employee or agent of the Trust, Distributor, or any of their affiliates. The Company does not act as an "underwriter" or "distributor" of Trust Shares, as those terms variously are used in the 1940 Act, the 1933 Act, and rules and regulations thereunder. Likewise, the Company is not a "transfer agent" of the Trust as that term is used in the 1934 Act and rules thereunder. Consistent with the foregoing, the Company is not a "transfer agent" or "administrator" to the Trust as those terms are referenced in Rule 38a-1 under the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.2. Non-Exclusivity and Non-Interference.** The parties hereto acknowledge that the arrangement contemplated by this Agreement is not exclusive; the Trust Shares may be sold to other insurance companies and investors (subject to Section 2.8 hereof) and the cash value of the Contracts may be invested in other investment companies, provided, however, that until this Agreement is terminated pursuant to this Article X:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Company shall promote the Trust and the Funds made available hereunder on the same basis as other funding vehicles available under the Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Company shall not, without prior notice to the Distributor (unless otherwise required by Applicable Law), take any action to operate Schedule 1 Account as a management investment company under the 1940 Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Company shall not, without the prior written consent of the Distributor (unless otherwise required by Applicable Law), solicit, induce or encourage Contract Owners to change or modify the Trust to change the Trust's distributor or investment adviser, to transfer or withdraw Contract Values allocated to a Fund, or to exchange their Contracts for contracts not allowing for investment in the Trust;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Company shall not substitute another investment company for one or more Funds without providing: (i) written notice to the Distributor at least 120 days in advance of such substitution; and (ii) copies of any application by the Company to the SEC seeking approval of such substitution as required by Section 4.14 of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the Company shall not redeem Trust Shares attributable to Contract Owner investments except as necessary to facilitate Contract Owner transactions, payment of expenses by Accounts, and routine Contract processing, or as permitted by any SEC order issued pursuant to Section 26(c) of the 1940 Act.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.3. Termination of Agreement.** Except as otherwise provided herein, this Agreement shall not terminate until: (a) the Trust is dissolved, liquidated, or merged into another entity, or (b) as to any Fund that has been made available hereunder, the Account no longer invests in that Fund and the Company has confirmed in writing to the Distributor, if so requested by the Distributor, that it no longer intends to invest in such Fund. However, certain obligations of, or restrictions on, the parties to this Agreement may terminate as provided in Sections 10.4 through 10.6 and the Company may be required to redeem Trust Shares pursuant to Section 10.7 or in the circumstances contemplated by Article VIII. Articles III and IX and Section 10.8 shall survive any termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.4. Termination of Offering of Trust Shares.** The obligation of the Trust and the Distributor to make Trust Shares available to the Company for purchase pursuant to Article II of this Agreement shall terminate at the option of the Distributor upon written notice to the Company as provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) upon institution of formal proceedings against the Company, or the Distributor's reasonable determination that institution of such proceedings is being considered by FINRA, the SEC, the insurance commission of any state or any other regulatory body regarding the Company's duties under this Agreement or related to the sale of the Contracts, the operation of the Account, the administration of the Contracts or the purchase of Trust Shares, or an expected or anticipated ruling, judgment or outcome which would, in the Distributor's reasonable judgment exercised in good faith, materially impair the Company's or Trust's ability to meet and perform the Company's or Trust's obligations and duties hereunder, such termination effective upon 15 days prior written notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the event any of the Contracts are not registered, issued or sold in accordance with applicable federal and/or state law, such termination effective immediately upon receipt of written notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the Distributor shall determine, in its sole judgment exercised in good faith, that either (1) the Company shall have suffered a material adverse change in its business or financial condition or (2) the Company shall have been the subject of material adverse publicity which is likely to have a material adverse impact upon the business and operations of either the Trust or the Distributor, such termination effective upon 30 days prior written notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if the Distributor suspends or terminates the offering of Trust Shares of any Series or Class to all Participating Investors or only designated Participating Investors, if such action is required by law or by regulatory authorities having jurisdiction or if, in the sole discretion of the Distributor acting in good faith, suspension or termination is necessary in the best interests of the shareholders of any Series or Class (*i.e.*, Product Owners indirectly invested in any Series or Class), such notice effective immediately upon receipt of written notice, it being understood that a lack of Participating Investor interest in

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a Series or Class may be grounds for a suspension or termination as to such Series or Class and that a suspension or termination shall apply only to the specified Series or Class;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) upon the Company's assignment of this Agreement (including, without limitation, any transfer of the Contracts or the Account to another insurance company pursuant to an assumption reinsurance agreement) unless the Trust consents thereto, such termination effective upon 30 days prior written notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) if the Company is in material breach of any provision of this Agreement, which breach has not been cured to the satisfaction of the Trust within 10 days after written notice of such breach has been delivered to the Company, such termination effective upon expiration of such 10-day period; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) upon the determination of the Trust's Board to dissolve, liquidate or merge the Trust as contemplated by Section 10.3(a), upon termination of the Agreement pursuant to Section 10.3(b), or upon notice from the Company pursuant to Section 10.5 or 10.6, such termination pursuant hereto to be effective upon 15 days prior written notice.

Except in the case of an option exercised under clause (b), (d) or (g), the obligations shall terminate only as to Contracts issued after the exercise of the option and the Distributor shall continue to make Trust Shares available to the extent necessary to permit owners of Contracts in effect on the effective date of such termination (hereinafter referred to as "Existing Contracts") to reallocate investments in the Trust, redeem investments in the Trust and/or invest in the Trust upon the making of additional purchase payments under the Existing Contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.5. Termination of Investment in a Fund.** The Company may elect to cease investing in a Fund, promoting a Fund as an investment option under the Contracts, or withdraw its investment or the Account's investment in a Fund, subject to compliance with Applicable Law, upon written notice to the Trust within 15 days of the occurrence of any of the following events (unless provided otherwise below):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Trust informs the Company pursuant to Section 4.10 that it will not cause such Fund to comply with investment restrictions as requested by the Company and the Trust and the Company are unable to agree upon any reasonable alternative accommodations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) shares in such Fund are not reasonably available to meet the requirements of the Contracts as determined by the Company (including any non-availability as a result of notice given by the Distributor pursuant to Section 10.4(d)), and the Distributor, after receiving written notice from the Company of such non-availability, fails to make available, within 10 days after receipt of such notice, a sufficient number of shares in such Fund or an alternate Fund to meet the requirements of the Contracts;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) such Fund fails to meet the diversification requirements specified in Section 817(h) of the Code and any regulations thereunder and the Trust, upon written request, fails to provide reasonable assurance that it will take action to cure or correct such failure; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) such Fund fails to qualify as a regulated investment company under Sub- Section 851 of the Code, or any successor provision, or if the Company reasonably believes that the Fund may fail to so qualify and the Trust, upon written request, fails to provide reasonable assurance that it will correct the failure within 30 days.

Such termination shall apply only as to the affected Fund and shall not apply to any other Fund in which the Company or the Account invests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.6. Termination of Investment in the Trust.** The Company may elect to cease investing in all Series or Classes of the Trust made available hereunder, promoting the Trust as an investment option under the Contracts, or withdraw its investment or the Accounts' investment in the Trust, subject to compliance with applicable law, upon written notice to the Trust within 15 days of the occurrence of any of the following events (unless provided otherwise below):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) upon institution of formal proceedings against the Trust or the Distributor (but only with regard to the Trust) by the FINRA, the SEC or any state securities or insurance commission or any other regulatory body; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the Trust or Distributor is in material breach of a provision of this Agreement, which breach has not been cured to the satisfaction of the Company within 10 days after written notice of such breach has been delivered to the Trust or the Distributor, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.7. Company Required to Redeem.** The parties understand and acknowledge that it is essential for compliance with Section 817(h) of the Code that the Contracts qualify as annuity contracts or life insurance policies, as applicable, under the Code. Accordingly, if any of the Contracts cease to qualify as annuity contracts or life insurance policies, as applicable, under the Code, or if the Trust reasonably believes that any such Contracts may fail to so qualify, the Trust shall have the right to require the Company to redeem Trust Shares attributable to such Contracts upon notice to the Company and the Company shall so redeem such Trust Shares in order to ensure that the Trust complies with the provisions of Section 817(h) of the Code applicable to ownership of Trust Shares. Notice to the Company shall specify the period of time the Company has to redeem the Trust Shares or to make other arrangements satisfactory to the Trust and its counsel, such period of time to be determined with reference to the requirements of Section 817(h) of the Code. In addition, the Company may be required to redeem Trust Shares pursuant to action taken or request made by the Trust Board in accordance with the Exemptive Order described in Article VIII or any conditions or undertakings set forth or referenced therein, or other SEC rule, regulation or order that may be adopted after the date hereof. The Company agrees to redeem shares in the circumstances described herein and to comply with applicable terms and provisions. Also, in the event that the Distributor suspends or terminates the offering of a Series or Class pursuant to

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Section 10.4(d) of this Agreement, the Company, upon request by the Distributor, will cooperate in taking appropriate action to withdraw the Account's investment in the respective Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.8. Confidentiality.** All "Confidential Information" (as defined in this section) supplied by one party to the another party in connection with the negotiation or carrying out of this Agreement shall remain the property of the party providing such information and shall be kept confidential by the receiving party or parties except: (a) as may be required by Applicable Law, (b) as authorized in writing by the party providing the information, or (c) in the event that such information is otherwise made public. Each party agrees to take all reasonable precautions to prevent any unauthorized disclosure of Confidential Information. Confidential Information means (individually or collectively) proprietary information of the parties to this Agreement, including but not limited to, their inventions, "know-how", trade secrets, business affairs, prospect lists, product designs, product plans, business strategies, finances, fee structures, etc. Without limiting the generality of the foregoing, Confidential Information includes: (a) information that the disclosing party designates in writing is confidential or proprietary, (b) any non-public personal information or personally identifiable financial information about any Contract Owner or prospective Contract Owner, and (c) information that a reasonable business-person would assume to be confidential or proprietary. Notwithstanding the foregoing, Confidential Information does not include information provided by the Company to the Distributor pursuant to section 2.9 of this Agreement.

**ARTICLE XI** 

**Applicability to New Accounts and New Contracts** 

The parties to this Agreement may amend the schedules to this Agreement from time to time to reflect, as appropriate, changes in or relating to the Contracts, any Series or Class, additions of new classes of Contracts to be issued by the Company and Accounts therefor investing in the Trust. Such amendments may be made effective by executing the form of amendment included on each schedule attached hereto. The provisions of this Agreement shall be equally applicable to each such class of Contracts, Series, Class or Account, as applicable, effective as of the date of amendment of such Schedule, unless the context otherwise requires. The parties to this Agreement may amend this Agreement from time to time by written agreement signed by all of the parties.

**ARTICLE XII** 

**Notice, Request or Consent** 

Any notice, request or consent to be provided pursuant to this Agreement is to be made in writing and shall be given:

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If to the Trust:

Caroline Kraus

Secretary

Goldman Sachs Variable Insurance Trust

200 West Street

New York, NY 10282

If to the Distributor:

James McNamara

Goldman Sachs & Co.

200 West Street

New York, NY 10282

If to the Company:

The United States Life Insurance Company in the City of New York

Attn: General Counsel

Assistant General Counsel

2919 Allen Parkway, L4-01

Houston, TX 77019

Email: saamcolegal@corebridgefinancial.com

or at such other address as such party may from time to time specify in writing to the other party. Each such notice, request or consent to a party shall be sent by registered or certified United States mail with return receipt requested or by overnight delivery with a nationally recognized courier, and shall be effective upon receipt. Notices pursuant to the provisions of Article II may be sent by facsimile to the person designated in writing for such notices.

**ARTICLE XIII** 

**Miscellaneous** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13.1. Interpretation.** This Agreement shall be construed and the provisions hereof interpreted under and in accordance with the laws of the state of Delaware, without giving effect to the principles of conflicts of laws, subject to the following rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement shall be subject to Applicable Law and the terms hereof shall be limited, interpreted and construed in accordance therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The captions in this Agreement are included for convenience of reference only and in no way define or delineate any of the provisions hereof or otherwise affect their construction or effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of the Agreement shall not be affected thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The rights, remedies and obligations contained in this Agreement are cumulative and are in addition to any and all rights, remedies and obligations, at law or in equity, which the parties hereto are entitled to under state and federal laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13.2. Counterparts.** This Agreement may be executed simultaneously in two or more counterparts, each of which together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13.3. No Assignment.** Neither this Agreement nor any of the rights and obligations hereunder may be assigned by the Company, the Distributor or the Trust without the prior written consent of the other parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13.4. Declaration of Trust.** A copy of the Declaration of Trust of the Trust is on file with the Secretary of State of the state of Delaware, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Trust as trustees, and is not binding upon any of the Trustees, officers or shareholders of the Trust individually, but binding only upon the assets and property of the Trust. No Series of the Trust shall be liable for the obligations of any other Series of the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13.5. Arbitration.** Any controversy or claim between or among the parties arising out of or relating to this Agreement, or breach thereof, shall be settled by arbitration in a forum jointly selected by the relevant parties (or in a forum required by law) in accordance with the Commercial Arbitration Rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrators may be entered in any court having jurisdiction over the same.

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IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed in its name and behalf by its duly authorized officer on the date specified below.

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| | | | |
|:---|:---|:---|:---|
|  |  | GOLDMAN SACHS VARIABLE INSURANCE TRUST | GOLDMAN SACHS VARIABLE INSURANCE TRUST |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Trust) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Trust) |
| Date: | <u>3/18/2025</u>  | By: | ![LOGO](g934124dsp181a.jpg)  |
|  |  |  | &nbsp;&nbsp;&nbsp; <br> Name: Francis Murphy |
|  |  |  | &nbsp;&nbsp;&nbsp; Title: Managing Director |
|  |  | GOLDMAN SACHS & CO. LLC | GOLDMAN SACHS & CO. LLC |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Distributor) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Distributor) |
| Date: | <u>3/17/25</u>  | By: | ![LOGO](g934124dsp181b.jpg)  |
|  |  |  | &nbsp;&nbsp;&nbsp; Name: Marci Green |
|  |  |  | &nbsp;&nbsp;&nbsp; Title: Managing Director |
|  |  | THE UNITED STATES LIFE INSURANCE COMPANY IN THE | THE UNITED STATES LIFE INSURANCE COMPANY IN THE |
|  |  | CITY OF NEW YORK | CITY OF NEW YORK |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Company) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Company) |
| Date: | <u>3/24/2025</u>  | By: | ![LOGO](g934124dsp181c.jpg)  |
|  |  |  | &nbsp;&nbsp;&nbsp; <br> Name: Barbara Rayll |
|  |  |  | &nbsp;&nbsp;&nbsp; Title: Vice President, Business Case Development |

---

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**SCHEDULE 1** 

**<u>Schedule 1A</u>**

**Separate Accounts of the Company Registered Under the 1940 Act as Unit Investment Trusts** 

The following separate accounts of the Company are subject to the Agreement:

Name of Account   <u> Date Established by Board of Directors of the Company</u>   <u> SEC 1940 Act Registration Number</u>   <u> Type of Product Supported by Account</u> <br> USL Separate Account RS   <u> June 14, 2024 </u>   <u> 811-24014</u>   <u> Variable Annuity</u>

**<u>Schedule 1B</u>**

**Variable Annuity Contracts and Variable Life Insurance Contracts Registered Under the Securities Act of 1933** 

The following Contracts are subject to the Agreement:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Contract | Available Funds/Share<br>Classes | 1933 Act<br> Registration Number | Type of Product<br> Supported by Account |
| &nbsp;&nbsp; Portfolio Director NY<br> Series 1.00 – 12.00 | Goldman Sachs Variable Insurance Trust Government Money Market Fund (all share classes) | 333-283464 | Variable Annuity |
| &nbsp;&nbsp; Portfolio Director NY<br> Series 1.20 – 12.20 | Goldman Sachs Variable Insurance Trust Government Money Market Fund<br> (all share classes) | 333-283465 | Variable Annuity |
| &nbsp;&nbsp; Portfolio Director NY<br> Series 1.40 – 12.40 | Goldman Sachs Variable Insurance Trust Government Money Market Fund (all share classes) | 333-283466 | Variable Annuity |

---

------

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Portfolio Director NY<br> Series 1.60 – 12.60 | Goldman Sachs Variable Insurance Trust Government Money Market Fund (all share classes) | 333-283467 | Variable Annuity |
| &nbsp;&nbsp; Portfolio Director NY<br> Series 1.80 – 12.80 | Goldman Sachs Variable Insurance Trust Government<br> Money Market Fund (all share classes) | 333-283468 | Variable Annuity |

---

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**[Form of Amendment to Schedule 1A]** 

Effective as of , the following separate accounts of the Company are hereby added to this Schedule 1A and made subject to the Agreement:

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Account | Date Established by Board<br>of Directors of the<br>Company | SEC 1940 Act<br> Registration Number | Type of Product<br> Supported by Account |

---

IN WITNESS WHEREOF, the Trust, the Distributor and the Company hereby amend this Schedule 1A in accordance with Article XI of the Agreement.

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| | | |
|:---|:---|:---|
|  Goldman Sachs Variable Insurance Trust |  | Life Insurance Company |
|  Name: | Name: |  |
|  Title: | Title: |  |
|  Goldman Sachs & Co. LLC |  |  |
|  Name: |  |  |
|  Title: |  |  |

---

------

**[Form of Amendment to Schedule 1B]** 

Effective as of, the following Contracts are hereby added to this Schedule 1B and made subject to the Agreement:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Contract | Available Funds/Share<br>Classes | 1933 Act<br> Registration Number | Type of Product<br>Supported by Account |

---

IN WITNESS WHEREOF, the Trust, the Distributor and the Company hereby amend this Schedule 1B in accordance with Article XI of the Agreement.

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| | | |
|:---|:---|:---|
|  Goldman Sachs Variable Insurance Trust |  | Life Insurance Company |
|  Name: | Name: |  |
|  Title: | Title: |  |
|  Goldman Sachs & Co. LLC |  |  |
|  Name: |  |  |
|  Title: |  |  |

---

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**SCHEDULE 2** 

**<u>Schedule 2A</u>**

**Separate Accounts of the Company Excluded From the Definition of an Investment** 

**Company as Provided for by Section 3(c)(11) of the 1940 Act** 

The following separate accounts of the Company are subject to the Agreement:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Account | Date Established by<br>Board of Directors of<br>the Company | Type of Product<br>Supported by Account |
|  | | Variable Annuity |
|  | | Variable Annuity |
|  | | Variable Annuity |
|  | | Variable Life Insurance |

---

**<u>Schedule 2B</u>**

**Variable Annuity Contracts and Variable Life Insurance Contracts Not Registered Under** 

**the Securities Act of 1933 in Reliance Upon Section 3(a)(2) of the Act** 

The following Contracts are subject to the Agreement:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Contract | Available Funds/Share<br>Classes | Group or Individual | Type of Product<br>Supported by Account |
|  | | Group | Variable Annuity |
|  | | Group | Variable Annuity |
|  | | Individual | Variable Annuity |
|  | | Group | Variable Life Insurance |

---

------

**[Form of Amendment to Schedule 2A]** 

Effective as of , the following separate accounts of the Company are hereby added to this Schedule 2A and made subject to the Agreement:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Account | Date Established by<br>Board of Directors of<br>the Company | Type of Product<br>Supported by Account |

---

IN WITNESS WHEREOF, the Trust, the Distributor and the Company hereby amend this Schedule 2A in accordance with Article XI of the Agreement.

---

| | | |
|:---|:---|:---|
|  Goldman Sachs Variable Insurance Trust |  | Life Insurance Company |
|  Name: | Name: |  |
|  Title: | Title: |  |
|  Goldman Sachs & Co. LLC |  |  |
|  Name: |  |  |
|  Title: |  |  |

---

------

**[Form of Amendment to Schedule 2B]** 

Effective as of , the following Contracts are hereby added to this Schedule 2B and made subject to the Agreement:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Contract | Available Funds/Share<br>Classes | Group or Individual | Type of Product<br>Supported by Account |

---

IN WITNESS WHEREOF, the Trust, the Distributor and the Company hereby amend this Schedule 2B in accordance with Article XI of the Agreement.

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| | | |
|:---|:---|:---|
|  Goldman Sachs Variable Insurance Trust |  | Life Insurance Company |
|  Name: | Name: |  |
|  Title: | Title: |  |
|  Goldman Sachs & Co. LLC |  |  |
|  Name: |  |  |
|  Title: |  |  |

---

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**SCHEDULE 3** 

**<u>Schedule 3A</u>**

**Separate Accounts of the Company Excluded From the Definition of an Investment** 

**Company as Provided for by Section 3(c)(1) or 3(c)(7) of the 1940 Act** 

The following separate accounts of the Company are subject to the Agreement:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Account | Date Established by<br> Board of Directors of<br> the Company | Type of Product<br>Supported by Account |
|  | | Variable Annuity |
|  | | Variable Annuity |
|  | | Variable Annuity |
|  | | Variable Life Insurance |

---

**<u>Schedule 3B</u>**

**Variable Annuity Contracts and Variable Life Insurance Contracts Not Registered Under the Securities Act of 1933 in Reliance Upon Section 4(2) of the Act and Regulation D Thereunder** 

The following Contracts are subject to the Agreement:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Contract | Available Funds/Share<br>Classes | Group or Individual | Type of Product<br>Supported by Account |
|  | | Group | Variable Annuity |
|  | | Group | Variable Annuity |
|  | | Individual | Variable Annuity |
|  | | Group | Variable Life Insurance |

---

------

**[Form of Amendment to Schedule 3A]** 

Effective as of , the following separate accounts of the Company are hereby added to this Schedule 3A and made subject to the Agreement:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Account | Date Established by<br>Board of Directors of<br>the Company | Type of Product<br>Supported by Account |

---

IN WITNESS WHEREOF, the Trust, the Distributor and the Company hereby amend this Schedule 3A in accordance with Article XI of the Agreement.

---

| | | |
|:---|:---|:---|
|  Goldman Sachs Variable Insurance Trust |  | Life Insurance Company |
|  Name: | Name: |  |
|  Title: | Title: |  |
|  Goldman Sachs & Co. LLC |  |  |
|  Name: |  |  |
|  Title: |  |  |

---

------

**[Form of Amendment to Schedule 3B]** 

Effective as of , the following Contracts are hereby added to this Schedule 3B and made subject to the Agreement:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Contract | Available Funds/Share<br>Classes | Group or Individual | Type of Product Supported<br>by Account |

---

IN WITNESS WHEREOF, the Trust, the Distributor and the Company hereby amend this Schedule 3B in accordance with Article XI of the Agreement.

---

| | | |
|:---|:---|:---|
|  Goldman Sachs Variable Insurance Trust |  | Life Insurance Company |
|  Name: | Name: |  |
|  Title: | Title: |  |
|  Goldman Sachs & Co. LLC |  |  |
|  Name: |  |  |
|  Title: |  |  |

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## Ex-99.(H)(3)(Ii)

Goldman Sachs Asset Management, L.P.

200 West Street

New York, NY 10282

March 6, 2025

United States Life Insurance Company in the City of New York

2919 Allen Parkway, 4<sup>th</sup> floor

Houston, Texas 77019

Ladies and Gentlemen:

This letter sets forth the agreement (the "Agreement") between The United States Life Insurance Company in the City of New York ("you" or the "Company'') and the undersigned ("we" or "Goldman, Sachs Asset Management, L.P.", or "GSAM") concerning certain administrative services to be provided by you, with respect to the Goldman Sachs Variable Insurance Trust (the "Trust").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>The Trust.</u> The Trust is a Delaware statutory trust registered with the Securities and Exchange Commission (the "SEC") under the Investment Company Act of 1940, as amended (the "Act"), as an open-end management investment company. The Trust offers shares of one or more separate series, each representing an interest in a particular investment portfolio of securities and other assets ("Portfolios") and serves as a funding vehicle for variable annuity contracts and variable life insurance contracts. As such, the Trust sells its shares to insurance companies and their separate accounts. With respect to various provisions of the Act, the SEC requires that owners of variable annuity contracts and variable life insurance contracts offering underlying mutual funds as investment options for their separate accounts be provided with certain materials and rights similar to those afforded to mutual fund shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>The Company.</u> The Company is a Texas life insurance company. The Company issues variable annuity contracts and/or variable life insurance contracts (the "Contracts") supported by the Separate Account(s) identified on Schedule A (the "Separate Account"; if more than one, the term "Separate Account" shall apply to each Separate Account subject hereto). The Separate Account is registered with the SEC as a unit investment trust. The Company has entered into a participation agreement (the "Participation Agreement") with the Trust and Goldman, Sachs & Co. LLC as the Trust's Distributor ("Distributor") with respect to the Portfolios listed on Schedule B (the "Funds"). The Participation Agreement governs the Company's purchases and redemptions of shares of the Trust for the Separate Account supporting the Company's Contracts, and related matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Goldman Sachs</u> <u>& Co. LLC.</u> Goldman Sachs & Co. LLC serves as the distributor for the Trust. GSAM serves as the Trust's investment adviser. GSAM supervises and assists in the overall management of the Trust's affairs under an Investment Management Agreement with the Trust, subject to the overall authority of the Trust's Board of Trustees in accordance with Delaware law. Under the Investment Management Agreement, we are compensated for providing investment advisory and certain administrative services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Administrative Services.</u> You have agreed to assist us, as we may request from time to time, with the provision of administrative services with respect to the Trust, as they may relate

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to the Separate Account's purchase and redemption of shares of the Funds. It is anticipated that such services may include (but shall not be limited to) the mailing of Trust reports, notices, proxies and proxy statements and other informational materials to owners of the Contracts supported by the Separate Account; the transmission of purchase and redemption requests to the Trust's transfer agent; the maintenance of separate records for each owner of a Contract reflecting shares purchased and redeemed and share balances attributable to such Contract Owner in the form of units; the preparation of various reports for submission to the Trust's Trustees; the provision of shareholder support services with respect to the Funds serving as funding vehicles for the Company's Contracts; and the services listed on Schedule C.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Payment for Administrative Services.</u> In consideration of the services to be provided by you, we shall pay you on a quarterly basis, from our assets, including GSAM's bona fide profits as investment adviser to the Trust, amounts equal to those described in Schedule D. For purposes of computing the payment to the Company contemplated under this Section *5* for each Fund, the average aggregate net asset value of the relevant shares of the Fund held by the Separate Account over a one-month period shall be computed by totaling the Separate Account's aggregate investment (share net asset value multiplied by total number of the relevant shares held by the Separate Account) in each Fund on each calendar day during the month, and dividing by the total number of calendar days during such month. The payment contemplated by this Section 5 shall be calculated by GSAM at the end of each calendar quarter and will be paid to the Company within sixty (60) business days thereafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Nature of Payments.</u> The parties to this Agreement recognize and agree that GSAM's payments to the Company relate to administrative services only and do not constitute payment in any manner for investment advisory services or for costs of distribution of the Contracts or of Trust shares and are not otherwise related to investment advisory or distribution services or expenses. The Company represents that these payments are not for or related to administrative services which the Company is required to provide to owners of the Contracts by law or pursuant to the terms of the Contracts. The Parties acknowledge that there are substantial savings in administrative expenses to the Trust by virtue of having a Separate Account as the sole shareholder in a Fund rather than multiple accounts reflecting the Separate Account's investment. You represent that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you may legally receive the payments contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the administrative services provided under this Agreement are not services that the Trust has agreed to
perform, provide or pay for under the Participation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• to the extent required by applicable law, you have taken payments received from GSAM under this Agreement into
account in making any determinations pursuant to Section 26(f)(2)(A) and 26(f)(3) of the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Term.</u> Except as otherwise provided herein, this Agreement shall remain in full force and effect for an initial term of one year from the date hereof, and shall automatically renew for successive one-year periods unless either party notifies the other upon sixty (60) days' written notice of its intent not to continue this Agreement. This Agreement shall terminate automatically with respect to a Fund upon (i) the redemption of the Separate Account's investment in the Fund, or (ii) upon termination of the Trust's obligation to sell shares of a Fund under the Participation Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Anti-Bribery.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company warrants that in any way related to this Agreement, it and its affiliates, agents, and employees
will at all times comply with all applicable laws, regulations, including self-regulatory organization ("SRO") regulations, and administrative requirements, including those pertaining to tax reporting and tax compliance, tax evasion or the
facilitation of tax evasion, and those dealing with bribery, corruption, improper or illegal payments, gifts, gratuities or money laundering, and shall take no action which would subject Goldman Sachs to penalties under applicable laws, regulations
and administrative requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company represents that, in connection with this Agreement, it has not and warrants that it will not
(i) make (or cause to be made), offer, promise, or authorize any payments or gifts or anything of value, directly or indirectly, to any Public Official (as defined below) or to any other person to secure an improper advantage, improperly obtain
or retain business or an improper advantage, or otherwise to induce any person to perform their duties improperly, or (ii) pay, offer, or agree to pay (or cause to be paid, offered or agreed to be paid) any political contributions or donations.
In performing this Agreement, the Company agrees to not authorize, make, permit to be made, or allow any agents, subcontractors, vendors, consultants, or other third parties ("Third Parties") to make any payments, which, if made by the
Company, would violate this Agreement. As used in this Agreement, "Public Official" means any person holding an elected or appointed office and any other officer or employee of a government or a department, agency, instrumentality or part
thereof (including a state-owned or-controlled enterprise or a joint venture/partnership with a government entity), any officer or employee of a public international organization or a political party, and any candidate for political office; or any
person exercising a public function or acting in an official capacity for or on behalf of any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company represents that, in connection with this Agreement, it has not and warrants that it will not
receive or solicit bribes, kickbacks, or other improper benefits related to its services to Goldman Sachs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company hereby acknowledges that it has received and reviewed a copy of the Goldman Sachs Anti-Bribery
and Anti-Corruption Compliance Statement (available at https://www.goldmansachs.com/investor-relations/corporate-governance/corporate-governance-documents/anti-bribery-program.pdf, which may be amended from time to time), setting forth Goldman
Sachs' anti-corruption policy with respect to its business activities and relations with clients and prospective clients, and warrants and agrees that in connection with this Agreement, the Company will act on a consistent basis with such
Statement and in no event shall take any action that would cause or reasonably be expected to cause Goldman Sachs to be in violation of such Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the extent the Company retains Third Parties in connection with this

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Agreement, and those Third Parties will (i) provide some or all of the same activities for which the Company has been engaged under the Agreement, (ii) introduce clients or other business opportunities in connection with the Agreement, or (iii) communicate or interact with government entities or Public Officials, the Company warrants that it will ensure appropriate, risk-based due diligence is conducted on each such Third Party consistent with industry best practices, provide appropriate training to relevant employees of the Third Parties, monitor their activities to ensure compliance with applicable laws as it relates to this Agreement, and take such other steps as are reasonable and proportionate to ensure compliance with applicable laws related to the Agreement, as well as the terms and conditions of this Agreement. The Company shall ensure that its contracts with Third Parties approved by Goldman Sachs include clauses (a) – (c) above. The Company also agrees to comply with any other reasonable requirements set forth by Goldman Sachs as part of its approval of a Third Party related to the Agreement. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company agrees to give prompt written notice to Goldman Sachs in the event that, at any time during the
term of this Agreement, any representations set forth in this Section are no longer accurate or the Company has failed to comply with or has breached any of its warranties hereunder. For the avoidance of doubt, inadvertent errors or incomplete
documentation with respect to section 5.3(e) that do not reasonably harm Goldman Sachs will not constitute such failure to comply or breach of the warranties. In the event of such notice, or if Goldman Sachs otherwise verifies or determines
reasonably and in good faith that the representations are no longer true and accurate or that the Company has failed to comply with or has breached any of its warranties hereunder, then notwithstanding any other provision of this Agreement, Goldman
Sachs shall have the unilateral right to terminate this Agreement by written notice to the Company and the Company shall not be entitled to receive any compensation from the time of such non-compliance or
breach, including for services previously rendered to the extent that those services are related to the non-compliance or breach. However, no compensation shall be withheld for periods after any such non-compliance or breach was corrected or after Goldman Sachs became aware of such breach or non-compliance and failed to promptly notify the Company of same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Representations and Warranties.</u> The Company represents and warrants that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it is an insurance company duly organized and in good standing under New York insurance law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) its entering into and performing its obligations under this Agreement does not and will not violate its
charter documents or by-laws, rules or regulations, or any agreement to which it is a party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) it will keep confidential any information acquired in connection with the matters contemplated by this
Agreement regarding the business and affairs of the Trust, GSAM and their affiliates.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Interpretation.</u> This Agreement shall be construed in accordance with the laws of the State of Delaware, without giving effect to the principles of conflicts of laws, subject to the following rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement shall be subject to the provisions of the Act, and the rules, regulations and rulings
thereunder, including such exemptions from that statute, rules and regulations as the SEC may grant, and the terms herein shall be limited, interpreted and construed in accordance therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The captions in this Agreement are included for convenience of reference and in no way define or delineate
any of the provisions herein or otherwise affect their construction or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Amendment.</u> This Agreement may be amended only upon mutual agreement of the parties hereto in writing. Any notice to be provided pursuant to this Agreement is to be made in writing and shall be given:

If to GSAM**:**

Marci Green

Managing Director

Goldman, Sachs Asset Management, L.P.

200 West Street

New York, NY 10282

If to the Company:

The United States Life Insurance Company in the City of New York

Attn: Johnpaul S. Van Maele

Assistant General Counsel

2919 Allen Parkway, L4-01

Houston, TX 77019

Email: <u>saamcolegal@corebridgefinancial.com</u>

or at such other address as such party may from time to time specify in writing to the other party. Each such notice to a party shall be sent by registered or certified United States mail with return receipt requested or by overnight delivery with a nationally recognized courier, and shall be effective upon receipt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Counterparts.</u> This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which shall together constitute one and the same instrument.

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If this Agreement is consistent with your understanding of the matters we discussed concerning your administrative services, kindly sign below and return a signed copy to us.

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| Goldman Sachs Asset Management, L.P. | Goldman Sachs Asset Management, L.P. |
| Goldman Sachs Asset Management, L.P. | Goldman Sachs Asset Management, L.P. |
| By: | ![LOGO](g934124dsp059b.jpg)  |
| Name: | Marci Green |
| Title: | Managing Director |

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Acknowledged and Agreed to:

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| | |
|:---|:---|
| THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK | THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK |
| By: | ![LOGO](g934124dsp059a.jpg) |
| Name: | Barbara Rayll |
| Title: | Vice President, Business Case Development |

---

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**SCHEDULE A** 

**Separate Accounts** 

All current and future Separate Accounts of the Company available for sale through the Contracts.

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**SCHEDULE B** 

**Funds** 

Goldman Sachs VIT Government Money Market Fund

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**SCHEDULE C** 

**Services** 

**Maintenance of books and records** 

Record issuance of shares

Record transfers (via net purchase orders)

Reconciliation and balancing of the Separate Account at the Trust level in the general ledger, at various banks and within systems interface to the summary of each Contract Owner's position

**Fund-related Contract Owner Services** 

Printing and mailing costs associated with dissemination of Trust prospectus to existing Contract Owners

Telephonic support for Contract Owners with respect to inquiries about the Trust (but not inquiries about the Contracts) unrelated to the sales of Contracts or distribution of Trust shares

Trust proxies (solicitation of voting instructions and preparation of materials, inclusive of printing, distribution, tabulation, and reporting)

Printing and mailing costs associated with dissemination of Trust reports and notices to existing Contract Owners

**Other administrative support** 

Sub-accounting services

Providing other administrative support to the Trust as mutually agreed between insurer and the Trust

Relieving the Trust of the burden of providing other usual or incidental administrative services provided to individual shareholders

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**SCHEDULE D** 

**Fees** 

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| | |
|:---|:---|
| **Share Class of the Trust** | **Amounts per annum of the average**<br> **aggregate net asset value of shares of the**<br> **Trust held by the Separate Account under**<br> **the Participation Agreement** |
|  <br> Money Market Funds <sup>1</sup> |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - Service and Institutional Class | 10 basis points (0.10%) |

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<sup>1</sup> The fee paid by GSAM to the Company on Money Market Funds may be reduced as described in Schedule E of this Agreement. You agree to be bound by the terms of such Schedule E and agree to any reduction in fees that may occur as described therein.

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**SCIIEDULE E** 

Administrative Services Agreements

Temporary Service Organization Fee Waiver

Re: Administrative Services Fee Waiver

In accordance with the Goldman Sachs Variable Insurance Trust's ("Trust") established policies, all or substantially all of the net investment income for each share class of the Goldman Sachs Variable Insurance Trust Government Money Market Fund ("Money Market Fund") is declared as a dividend to shareholders daily. However, there may be times when yields in the U.S. money markets are low and in order to help assure that the investments of your customers in the Money Market Fund earn a daily net return, we may decide when certain conditions arise (discussed below) to waive fees that may typically be paid to you under the Administrative Services Agreement.

Methodology for Calculating the Fee Waiver

Such fee waivers to Administrative Services Fees to which you would otherwise be entitled as follows:

We will calculate, at our sole discretion, the amount by which your Administrative Services Fees will be waived for any given share class of the Money Market Fund for any given month. Such amount shall be referred to as your "Administrative Services Fee Waiver" for the month, and will be established as described below based on a percentage of the amount by which Goldman Sachs Asset Management, L.P. ("GSAM") must waive its management fee.

The rate by which management fees for the Money Market Fund will be waived shall be calculated on a daily basis (the "Daily Management Fee Waiver Rate") based on our good faith calculation as to the amount necessary to ensure that the Annualized Yield (as defined below) for any class of the Money Market Fund on such day would not be less than 0.01% (or such lower yield as we determine in our sole discretion).

At the end of each month, the Trust will calculate an asset-weighted average of each day's Daily Management Fee Waiver Rate (the "Average Daily Management Fee Waiver Rate"). In order to determine the rate by which your Administrative Services Fees will be waived in a given month (your "Monthly Administrative Services Fee Waiver Rate"), the Trust will then multiply the Average Daily Management Fee Waiver Rate for the month by your "Administrative Services Fee Waiver Percentage" for the Money Market Fund and share class. Your Administrative Services Fee Waiver Percentage shall be equal to the annualized Administrative Services Fee rate otherwise payable to you with respect to a given fund and share class divided by the annualized Management Fee rate payable to GSAM (gross of the Daily Management Fee Waiver Rate).

Your Administrative Services Fee Waiver for the month will then be calculated by applying your Monthly Administrative Services Fee Waiver Rate to the amount of Administrative Services Fees to which you would otherwise be entitled.

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For purposes of the fee waiver described above:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) "Annualized Yield" will be calculated net of advisory and operating expenses in accordance with the standardized methodology prescribed by the Securities and Exchange Commission in Form N-1A, Item 21(a)(1), except that each Annualized Yield will be calculated for a one-day period rather than a seven-day period**.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The amount of the daily Administrative Services Fee Waiver for any given month or share class will, in no event, be greater than the Administrative Services Fee payable to you with respect to the same share class for the same day, without reference to the Administrative Services Fees payable to you on such share class for any other day, or to the Annualized Yields of and Administrative Services Fees payable with respect to any other share class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) The Administrative Services Fees not paid and waived for any day will be final and may not be subsequently recouped by you.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) The waiver of Administrative Services Fees as set forth above will terminate with respect to a particular share class of the Money Market Fund upon GSAM's determination that the Annualized Yield is likely to remain above 0.01%, but will thereafter continue in effect with respect to all other share classes as to which this Administrative Services Fee Waiver has not been so terminated. GSAM may reinstate the payment suspension and Administrative Services Fee Waiver if it subsequently determines that the Annualized Yield is likely to fall below 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) The waiver of the Administrative Services Fees as stated herein does not affect or alter in any way any of your other undertakings, if any, to waive such Fees under any provision of the Administrative Services Agreements.

## Ex-99.(H)(4)(I)

**<u>FUND PARTICIPATION AGREEMENT</u>**

THIS AGREEMENT (the "Agreement"), made and entered into as of this 2<sup>nd</sup> day of April, 2025 by and among THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, a New York life insurance company (the "Company" or "Intermediary"), on its own behalf and on behalf of the separate account(s) listed on Schedule A hereto, each a segregated asset account of the Company (each referred to as an "Account") and INVESCO DISTRIBUTORS, INC. (the "Distributor"), a Delaware corporation acting on behalf of AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS) (the "Trust") and each series of the Trust listed on Schedule C hereto as such schedule may be amended from time to time (each such series hereinafter referred to as a "Fund"). The Company and the Distributor are referred to herein collectively as the "Parties".

WITNESSETH:

WHEREAS, THE VARIABLE ANNUITY LIFE INSURANCE COMPANY ("VALIC") and the Distributor entered into a Participation Agreement on October 31, 2011, as amended (the "VALIC FPA");

WHEREAS, the Parties wish to enter into a separate agreement to provide for the purchase and redemption by the Company, on behalf of the Accounts, of shares of Funds of the Trust pursuant to the terms of the Agreement, based on the form of the VALIC FPA previously agreed to among VALIC and the Distributor;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Company and the Distributor hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties hereto adopt and agree to the terms and conditions of the VALIC FPA, which is hereby incorporated by reference and attached hereto as Exhibit A ("Exhibit A"), excluding any amendments or modifications thereto, and shall apply to this Agreement as if fully set forth herein; provided, however, that the signature page of the VALIC PA shall not be applicable to this Agreement, subject to the changes described below. For avoidance of doubt, this Agreement does not amend, delete or supersede the VALIC FPA or amend, delete or supersede participation agreement(s), if any, between some or all of the Parties with respect to other separate accounts of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For purposes of this Agreement, all references to The Variable Annuity Life Insurance Company or VALIC in Exhibit A are deleted and replaced with The United States Life Insurance Company in the City of New York and all references to the term "Company or Intermediary" in Exhibit A shall be deemed references to The United States Life Insurance Company in the City of New York.

&nbsp;&nbsp;&nbsp;&nbsp;3. Choice of Law

For purposes of this Agreement, the applicable state law in Article VIII, Section 8.1 of Exhibit A under which this Agreement shall be construed shall be the laws of the State of New York instead of the laws of the State of Texas.

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&nbsp;&nbsp;&nbsp;&nbsp;4. Notices

The notification addresses for the Company in Article XII of Exhibit A are deleted and replaced in their entirety as follows:

If to the Company:

The United States Life Insurance Company in the City of New York

Attn: General Counsel

2919 Allen Parkway, L4-01

Houston, TX 77019

Email: <u>saamcolegal@corebridgefinancial.com</u>

<u>Invesco Distributors. Inc.</u><u> </u>

<u>Attn: General Counsel</u>

<u>11 Greenway Plaza, Suite 1000</u>

<u>Houston, TX 77046</u>

<u>Email:</u><u> </u><u>dealersupport@invesco.com</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. New Schedules

Schedules A, B and C of Exhibit A are hereby deleted in their entirety and replaced with Schedules A, B and C attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. This Agreement shall be interpreted consistent with the intent of the Parties which is to create a fully separate agreement among the Parties in respect of investment(s) by the Company, on behalf of the Accounts, in shares of Funds of the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Counterparts and Delivery**.** This Agreement may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument. A signed copy of this Agreement delivered by facsimile or by emailing a copy in .pdf form shall be treated as an original and shall bind all Parties just as would the exchange of originally signed copies.

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IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.

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| | |
|:---|:---|
| THE UNITED STATES LIFE INSURANCE COMPANY | THE UNITED STATES LIFE INSURANCE COMPANY |
| IN THE CITY OF NEW YORK | IN THE CITY OF NEW YORK |
| By: ![LOGO](g934124dsp006a.jpg) | By: ![LOGO](g934124dsp006a.jpg) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Barbara Rayll |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: VP, Product & Solutions Mgmt |
| AIM INVESTMENT FUNDS (INVESCO | AIM INVESTMENT FUNDS (INVESCO |
| INVESTMENT FUNDS) | INVESTMENT FUNDS) |
| By: | &nbsp;&nbsp;&nbsp;&nbsp; ![LOGO](g934124dsp109b.jpg)  |
| Name: Glenn Brightman | Name: Glenn Brightman |
| Title: Glenn Brightman, COO Investments and Americas | Title: Glenn Brightman, COO Investments and Americas |
| INVESCO DISTRIBUTORS, INC. | INVESCO DISTRIBUTORS, INC. |
| By: | &nbsp;&nbsp;&nbsp;&nbsp; ![LOGO](g934124dsp109c.jpg)  |
| Name: Nicole Filingeri | Name: Nicole Filingeri |
| Title: Vice President | Title: Vice President |

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**<u>SCHEDULE A</u>**

**<u>SEPARATE ACCOUNT(S)</u>**

USL Separate Account RS

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**<u>SCHEDULE B</u>**

**<u>CONTRACTS</u>**

Portfolio Director Series

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**<u>SCHEDULE C</u>**

**<u>FUND(S) AVAILABILE UNDER THE CONTRACTS</u>** 

AIM Investment Funds (Invesco Investment Funds) **-** Invesco Balanced-Risk Commodity Strategy Fund – Class R5

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Exhibit A

<u>PARTICIPATION AGREEMENT</u>

Among

<u>INVESCO DISTRIBUTORS, INC.</u>

and

<u>THE VARIABLE ANNUITY LIFE INSURANCE COMPANY</u>

THIS AGREEMENT, made and entered into as of this 31st day of October, 201 J by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY, (hereinafter the "Company"), organized under the laws of the State of Texas, on its own behalf and on behalf of each segregated asset account of the Company et forth on Schedule A hereto as such schedule may be amended from time to time (each such account hereinafter referred to a the "Account"), and Invesco Distributors Inc. (hereinafter the "Distributor") organized under the laws of the State of Delaware.

WHEREAS, the Distributor is the appointed Distributor for those series portfolios of Aim Investment Funds (Invesco Investment Funds) (the "Trust") identified on Schedule C hereto;

WHEREAS, the Trust engages in business as an open-end management investment company and is available to act a the investment vehicle for separate accounts established for variable life insurance policies and variable annuity contracts to be offered by insurance companies which have entered into participation agreement with the Distributor (hereinafter "Participating Insurance Companies"); and

WHEREAS, the Trust is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the '1940 Act") and it bares are registered under the Securities Act of 1933, as amended (the "1933 Act"); and

WHEREAS, the Company has registered or will register certain variable life insurance policies and/or variable annuity contracts under the 1933 Act; and

WHEREAS, each Account i a duly organized, validly existing segregated as et account, established by resolution of the Board of Directors of the Company, on the date shown for such Account on Schedule hereto, to et aside and invest assets attributable to one or more variable life insurance policies and/or variable annuity contracts; and

WHEREAS, the Company has registered or will register each Account as a unit investment trust under the 1940 Act; and

WHEREAS, to the extent permitted by applicable insurance laws and regulations, the Distributor shall make available to the Company and the Company intends to purchase share in

Page 1 of 19

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the Trust at net asset value on behalf of each Account to fund certain of the aforesaid variable life insurance policies and/or variable annuity contracts.

NOW THEREFORE, in consideration of their mutual promises, the Company and, the Trust agree as follows:

ARTICLE I.

<u>Sale of Trust Shares</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 Distributor agrees to make available to the Company those shares of the Trust which each Account orders, executing such purchase and/or redemption orders on a daily basis at the net asset value next computed after receipt by the Trust or its designee of the order for the shares of the Trust. Transactions shall be executed in accordance with the Trust's then current registration statement. For purposes of this Section 1.1, the Company shall be the designee of the Trust for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Trust; provided that the Trust receives notice of such order by 8:00 a.m. Eastern time on the next following Business Day. ln placing orders with the Trust, the Company shall net all purchases and redemptions into one order request; the Company will not place two separate orders with the Trust. "Business Day" shall mean any day on which the New York Stock Exchange is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the U.S. Securities and Exchange Commission ("SEC").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 Distributor agrees to make shares of the Trust available for purchase to the Company and its Accounts on those days on which the Trust calculates its net asset value in accordance with the terms of the Trust's then current registration statement. The Board of Directors of the Trust (hereinafter the "Board") may refuse to sell shares of the Trust to any person, or suspend or terminate the offering of its shares if such action is required by law or by regulatory authorities having jurisdiction. Notice of election to suspend or terminate shall be furnished in writing, by the Trust, said termination to be effective thirty (30) days after receipt of such notice by the Company in order to give the Company sufficient time to take appropriate steps in response to such suspension or termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 The Trust shall satisfy redemption requests in accordance with the terms of the Trust's Prospectus. The Parties hereto recognize the impact to the Company and its Contract owners of failing to satisfy redemption requests in cash and recognize that the need to redeem in kind would only occur in extreme and/or exigent circumstances. If such a circumstance were to occur, the Trust will use best efforts to satisfy redemption proceeds solely in cash, in accordance with applicable law. For purposes of this Section J.3, the Company shall be the designee of the Trust for receipt of requests for redemption from each Account and receipt by such designee shall constitute receipt by the Trust; provided that the Trust receives notice of such request for redemption on the next following Business Day. Proceeds shall be wired to the Company the next following Business Day or such longer period permitted by the 1940 Act or the rules, order or regulations thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 The Company agrees to purchase and redeem the shares of the Trust in accordance with the provisions of the Trust's then current registration statement. The Company

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agrees that all net amounts available under the variable life insurance policies and/or variable annuity contracts which are listed on Schedule B attached hereto and incorporated herein by this reference, as such Schedule B may be amended from time to time hereafter by mutual written agreement of all the parties hereto, (the "Contracts") shall be invested in the Trust and other Trusts whose shares are made available by Distributor as may be mutually agreed to in writing by the parties hereto, in the Company's general account, or in an investment company other than the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5 The Company shall pay for Trust shares on the next following Business Day after a purchase of Trust shares is made and in accordance with the terms of the Trust's then current prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6 The Distributor or its affiliate shall furnish same day electronic notice to the Company of any income, dividends or capital gain distributions payable on the Trust's shares. Notwithstanding this Section 1.6, the Trust shall utilize commercially reasonable efforts to provide the Company with reasonable notice in advance of any forthcoming dividend or capital gain distributions. The Distributor or its affiliate shall notify the Company of the number of shares so issued as payment of such dividends and distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7 The Distributor or its affiliates shall make the Trust's net asset value per share available to the Company on a daily basis as soon as reasonably practical after the net asset value per share is calculated and shall use commercially reasonable efforts to make such net asset value per share available by 7:30 p.m. Eastern time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8 For any day on which a NAY error is material, as determined in accordance with the SEC's recommended guidance regarding NAY errors, as both to the Trust and to its shareholders, all shareholders transacting business with the fund who were adversely affected would receive a reimbursement or an account adjustment (either, an "Adjustment"), so long as such Adjustment exceeds $25. Any material error in the calculation or reporting of net asset value per share, dividend or capital gain information triggering a material impact to the Trust, shall be reported reasonably promptly upon discovery by the Distributor to the Company. Any necessary Adjustment hereunder, whether due to the Company or the Trust, shall be made or paid as applicable no later than fifteen (15) Business Days after the receipt of notice from the Distributor or Trust; provided however, that the Company shall not be required to repay out of its own funds, an overpayment forwarded to a Contract owner that is or was a client of the Company.

In the event the a materially incorrect net asset value provided by the Distributor or its affiliates causes the Company to incur any material direct costs for reprocessing Contract owner accounts, such as preparing and mailing revised statements, the Distributor or its affiliates shall promptly reimburse the Company for all such reasonable costs upon receipt from the Company of an invoice or other statement documenting such costs in reasonable detail.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9 The Trust shall make available electronic confirmation to the Company of the amount of shares traded and the associated net asset value total trade amount and the outstanding share balances held in the Account(s) as of the end of each Business Day. The Trust shall use

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commercially reasonable efforts to transmit such information by 4:00 p.m. Eastern time on the next Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. 10 The Company agrees that purchases and redemptions of Trust shares offered by the then current prospectus of the Trust shall be made in accordance with this Agreement and the provisions of such prospectus.

ARTICLE II.

<u>Representations and Warranties</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 The Company represents and warrants that the Contracts are or will be registered under the 1933 Act; that the Contracts will be issued and sold in compliance in all material respects with all applicable federal and state laws and that the sale of the Contracts shall comply in all material respects with state insurance suitability requirements. The Company further represents and warrants that it is an insurance company duly organized and in good standing under applicable law and that it has legally and validly established each Account prior to any issuance or sale thereof as a segregated asset account under the Insurance Code of the State of Texas and has registered or, prior to any issuance or sale of the Contracts, will register each Account as a unit investment trust in accordance with the provisions of the 1940 Act to serve as a segregated investment account for the Contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 The Distributor represents and warrants that Trust shares sold pursuant to this Agreement shall be registered under the 1933 Act, duly authorized for issuance and sold in compliance with the laws of the State of Delaware, and all applicable federal and state securities laws and that the Trust is and shall remain registered under the 1940 Act. The Trust shall amend the Registration Statement for its shares under the 1933 Act and the 1940 Act from time to time as required in order to effect the continuous offering of its shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 The Distributor represents that, Trust is managed in accordance with its investment objectives, policies and restrictions as set forth in the Trust's then current Prospectus. The Distributor represents that the Fund's objectives, policies and restrictions do and will include operating as a regulated investment company ("RIC") in compliance with Subchapter M of the Code and regulations thereunder. The Distributor's affiliates have adopted and will maintain procedures designed to ensure that the Trust is managed in compliance with Subchapter M and regulations thereunder. On reasonable request, the Distributor, but no more frequently than quarterly, the Distributor or one of its affiliates shall provide the Company with a certification that the Trust has been managed in compliance with Subchapter M and regulations thereunder. The Distributor shall deliver or shall cause to be delivered to the Company any and all notices required by law should the Trust fail to qualify as a RIC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 The Distributor represents that the Trust is lawfully organized and validly existing under the laws of the State of Delaware and that it does and will comply in all material respects with the 1940 Act.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 The Distributor represents that the Trust's investment policies, fees and expenses are and shall at all time remain in compliance with all applicable federal and state laws and the Distributor represent that its operations and the operations of the Trust are and shall at all times remain in material compliance with applicable federal and state laws to the extent required to perform this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 The Distributor represents and warrants that it is and shall remain duly registered in all material respects with the Financial Industry Regulatory Authority and shall perform its obligations for the Trust in compliance in all material respects with the laws of the State of Delaware and any applicable state and federal securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 The Distributor represents and warrants that all of the Trust's directors, officers, employees, and other individuals/entities dealing with the money or securities of the Trust are and shall continue to be at all times covered by a blanket fidelity bond or similar coverage for the benefit of the Trust in an amount not less than the minimal coverage as required currently by Rule 17g-(1) of the 1940 Act or related provisions as may be promulgated from time to time.

The aforesaid Bond shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 The Company represents and warrants that all of its directors, officers, employees, investment advisers, and other entities dealing with the money or securities of the Trust are and shall continue to be at all times covered by a blanket fidelity bond or similar coverage for the benefit of the Trust, in an amount not less than two million dollars ($2 million). The aforesaid Bond shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company.

ARTICLE III.

<u>Prospectuses and Proxy Statements; Voting</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 The Distributor shall provide the Company with as many copies of the Trust's current prospectus as the Company may reasonably request. If requested by the Company in lieu thereof, the Trust shall provide electronic versions of the Trust's prospectus and Statement of Additional Information, and such other assistance as is reasonably necessary in order for the Company once each year (or more frequently if the prospectus and/or Statement of Additional Information for the Trust is amended during the year) to have the prospectus for the Contracts and the Trust's prospectus printed together in one document, and to have the Statement of Additional Information for the Trust and the Statement of Additional Information for the Contracts printed together in one document. Alternatively, the Company may print the Trust's prospectus and/or its Statement of Additional Information in combination with other Trust companies' prospectuses and statements of additional information or place the Trust's Prospectus and Statement of Additional Information on the Company's internet website or other electronic media. For Trust prospectuses and Statements of Additional Information provided by the Company to its existing owners of Contracts, who are invested in the Trust on or about the date of the Trust's then-current prospectus, in order to update disclosure as required by the 1933 Act and/or the 1940 Act, the cost of printing shall be borne by the Trust. If the Company chooses to

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receive camera-ready film in lieu of receiving printed copies of the Trust's prospectus, the Distributor will reimburse the Company in an amount equal to the product of A and B where A is the number of such prospectuses distributed to owners of the Contracts, and B is the Trust's per unit cost of typesetting and printing the Trust's prospectus. The same procedures shall be followed with respect to the Trust's Statement of Additional Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 The Trust's prospectus shall state that the Statement of Additional Information for the Trust is available from the Distributor or one of its affiliates at its expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 The Distributor, at its expense, shall provide the Company with copies of its reports to shareholders, and other communications to shareholders in such quantity as the Company shall reasonably require for distribution to Contract owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 Upon notification of an upcoming proxy mailing, the Company shall provide to the Trust's print/mail vendor a list of plan or participant addresses, as appropriate, as of the requested record date for inclusion in the proxy mailing. Unless otherwise provided in the plan document or directed by the plan sponsor, participants will be responsible for voting all proxies. Non-routine materials such as prospectus supplements and proxy or information statement materials shall be printed and distributed at the expense of the Trust or an affiliate.

ARTICLE IV.

<u>Sales Material and Information</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 The Company shall furnish, or shall cause to be furnished, to the Trust or its designee, each piece of sales literature or other promotional material in which the Trust, the Distributor or one of its affiliates is named, at least fifteen (15) Business Days prior to its use. No such material shall be used if the Trust or its designee object to such use within fifteen (15) Business Days after receipt of such material. The Trust or its designee reserves the right to reasonably object to the continued use of any such sales literature or other promotional material in which the Trust, the Distributor or one of its affiliates is named, and no such material shall be used if the Trust, the Distributor, or the designee of either so objects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 The Company shall not give any information or make any representations or statements on behalf of the Trust or concerning the Trust in connection with the sale of the Contracts other than the information or representations contained in the registration statement or prospectus for the Trust shares, as such registration statement and prospectus may be amended or supplemented from time to time, or in reports or proxy statements for the Trust, or in sales literature or other promotional material approved by the Trust or its designee or by the Underwriter, except with the permission of the Trust or the Distributor or the designee of either.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 The Distributor, or its designee shall furnish, or shall cause to be furnished, to the Company or its designee, each piece of sales literature or other promotional material in which the Company or its Account(s), is named at least fifteen (15) Business Days prior to its use. No such material shall be used if the Company or its designee object to such use within fifteen (15) Business Days after receipt of such material. Notwithstanding that the Company did not initially

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object, the Company reserves the right to object at any time thereafter to the continued use of any such sales literature or other promotional material in which the Company is named, and no such material shall be used thereafter if the Company so objects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 The Distributor shall not give any information or make any representations on behalf of the Company or concerning the Company, each Account, or the Contracts other than the information or representations contained in a registration statement or prospectus for the Contracts, as such registration statement and prospectus may be amended or supplemented from time to time, or in published reports for each Account which are in the public domain or approved by the Company for distribution to Contract owners, or in sales literature or other promotional material approved by the Company or its designee, except with the permission of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 The Distributor will provide to the Company at least one complete copy of all registration statements, prospectuses, Statements of Additional Information, reports, proxy statements, and any other regulatory filing that it is legally obligated to deliver to Company. The Distributor will deliver to Company any applications for exemptions, requests for no-action letters and notices, orders or responses relating thereto, if the issuance of any such notice, order or response to such, or the absence thereof, would have a materially adverse effect on the Trust. The Distributor will provide written notice to the Company if at any time the Distributor or an affiliate of the Distributor determines that there is a material risk that the Trust may no longer rely on the private letter ruling issued to the Trust by the Internal Revenue Service and released on February 25, 2011 (the "PLR"), and (b) the absence of such reliance would have a materially adverse effect on the Trust's ability to comply with Section 851 of the Internal Revenue Code

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 The Company will provide to the Trust at least one complete copy of all registration statements, prospectuses, Statements of Additional Information, reports, solicitations for voting instructions, sales literature and other promotional materials that refer to the Trust, applications for exemptions, requests for no-action letters, and notices, orders or responses relating thereto and all supplements and amendments to any of the above, that relate to the Contracts or each Account, contemporaneously with the filing of such document with, or the issuance of such documents by, the SEC or other regulatory authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 For purposes of this Article IV, the phrase "sales literature or other promotional material: includes, but is not limited to, advertisements (such as material published, or designed for use in, a newspaper, magazine, or other periodical, radio, television, telephone or tape recording, videotape display, signs or billboards, motion pictures, telephone directories (other than routine listings), electronic or other public media), sales literature (i.e., any written or electronic communication distributed or made generally available to customers or the public, including brochures, circulars, research reports, market letters, performance reports or summaries, form letters, telemarketing scripts, seminar texts, reprints or excerpts of any other advertisement, sales literature, or published article), educational or training materials or other communications distributed or made generally available to some or all agents or employees, and registration statements, prospectuses, Statements of Additional Information, shareholder reports, and proxy materials.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 The Distributor will provide the Company with reasonable notice as of any proxy solicitation for the Trust, and of any material change in the Trust's registration statement or prospectus, particularly any change resulting in a change to the registration statement or prospectus for any Account. The Distributor will work with the Company to make changes to its registration statement and prospectus, in an orderly manner. The Distributor will make reasonable efforts to attempt to have changes affecting Contract prospectuses become effective simultaneously with the annual updates for such prospectuses.

ARTICLE V.

<u>Fees and Expenses</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 The Distributor represents that the Trust's shares are registered and authorized for issuance in accordance with applicable federal and state law, as applicable prior to their sale. The Trust shall bear the expenses for the cost of registration and qualification of the Trust's shares, preparation and filing of the Trust's prospectus and registration statement, proxy materials and reports, setting the prospectus in type, setting in type and printing the proxy materials and reports to shareholders (including the costs of printing a prospectus that constitutes an annual report), the preparation of all statements and notices required by any federal or state law, all taxes on the issuance or transfer of the Trust's shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 The Distributor shall bear the expense of printing the Trust's prospectus for owners of Contracts, who are invested in the Trust on or about the date of the Trust's then-current prospectus, pursuant to Section 3.l of this Agreement. The Distributor shall also bear the expense of printing the Trust's proxy materials and reports to such Contract owners.

ARTICLE VI.

<u>Foreign Tax Credits</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 The Trust agrees to notify the Company of its decision to elect or not to elect pursuant to Section 853 of the Code to pass through the benefit of any foreign tax credits to its shareholders.

ARTICLE VII.

<u>Indemnification</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Indemnification By The Company</u>

7.1(a) The Company agrees to indemnify and hold harmless the Distributor and each of its directors, officers (collectively, the "Indemnified Parties" for purposes of this Section 7.1) and employees against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of the Company) or litigation (including legal and other expenses), to which the Indemnified Parties may become subject under any statute, regulation, at common law or otherwise, insofar as

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such losses, claims, damages, liabilities or expenses (or actions in respect thereof) or settlements are related to the sale or acquisition of the Trust's shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or are based upon any untrue statements or alleged untrue statements of any material fact
contained in the registration statement or prospectus for the Contracts or contained in the Contracts or advertisements or sales literature for the Contracts (or any amendment or supplement to any of the foregoing), or arise out of or are based upon
the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified Party if
such statement or omission or such alleged statement or omission was made in reliance upon and in conformity with information furnished to the Company by or on behalf of the Trust for use in the Registration Statement or prospectus for the Contracts
or in the Contracts or advertisements or sales literature (or any amendment or supplement) or otherwise for use in connection with the sale of the Contracts or Trust shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or as a result of statements or representations (other than statements or representations
contained in the Registration Statement, prospectus or sales literature of the Trust not supplied by the Company, or persons under its control) or wrongful conduct of the Company or persons under its control, with respect to the sale or distribution
of the Contracts or Trust Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact contained in a
Registration Statement, prospectus, advertisements or sales literature of the Trust or any amendment thereof or supplement thereto or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading if such a statement or omission was made in reliance upon infom1ation furnished to the Trust by or on behalf of the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise out of or result from any material breach of any representation or warranty made by the Company in
this Agreement or arise out of or result from any other material breach of this Agreement by the Company, as limited by and in accordance with the provisions of Sections 6.l(b) and 6.l(c) hereof.

7.1(b) The Company shall not be liable under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation incurred or assessed against an Indemnified Party as such may arise from such Indemnified Party's willful misfeasance, bad faith, or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations or duties under this Agreement or to the Trust, whichever is applicable.

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7.1(c) The Company shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Company in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify the Company of any such claim shall not receive the Company from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Company shall be entitled to participate, at its own expense, in the defense of such action. The Company also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from the Company to such party of the Company's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Company will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

7.1(d) The Indemnified Parties will promptly notify the Company of the commencement of any litigation or proceedings against them in connection with the issuance or sale of the Trust shares or the contracts or the operation of the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Indemnification by the Distributor</u>

7.2(a) The Distributor agrees to indemnify and hold harmless the Company and the principal underwriter for the Contracts (collectively, the "Indemnified Parties" for purposes of this Section 7.2) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of the Distributor) or litigation (including legal and other expenses) to which the Indemnified Parties may become subject under any statute, at common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses (or actions in respect thereof) or settlements are related to the sale or acquisition of the Trust's shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact
contained in the Registration Statement or prospectus or advertisements or sales literature of the Trust (or any amendment or supplement to any of the foregoing), or arise out of or are based upon the omission or the alleged omission to state
therein a material fact required to be stated therein or necessary to make the statements therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified Party if such statement or omission or such alleged
statement or omission was made in reliance upon and in conformity with information furnished to the Distributor or Trust by or on behalf of the Company for use in the Registration Statement or prospectus for the Trust or in sales literature (or any
amendment or supplement) or otherwise for use in connection with the sale of the contracts or Trust shares; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or as a result of statements or representations (other than statements or representations
contained in the Registration Statement, prospectus or sales literature for the Contracts not supplied by the Trust or the Distributor or persons under their control) or wrongful conduct of the Trust, Distributor or persons under their control, with
respect to the sale or distribution of the Contracts or Trust shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact contained in a
Registration Statement, prospectus, advertisements or sales literature covering the Contracts, or any amendment thereof or supplement thereto, or the omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statement or statements therein not misleading, if such statement or omission was made in reliance upon information furnished to the Company by or on behalf of the Trust; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise out of or result from any material breach of any representation or warranty made by the Trust or the
Distributor in this Agreement (including the Trust's failure to qualify as a regulated investment company under Subchapter M of the Code); or arise out of or result from any other material breach of this Agreement by the Trust or the
Distributor; as limited by and in accordance with the provisions of Section 7.2(b) and 7.2(c) hereof.

7.2(b) The Distributor shall not be liable under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation to which an Indemnified Party would otherwise be subject by reason of such Indemnified Party's willful misfeasance, bad faith, or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations and duties under this Agreement or to each Company or the Account, whichever is applicable.

7.2(c) The Distributor shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Distributor in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify the Distributor of any such claim shall not relieve the Distributor from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Distributor also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from the Distributor to such party of the Distributor's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Distributor will not be liable to such party under this Agreement for any legal or other

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expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

7.2(d) The Company agrees promptly to notify the Distributor of the commencement of any litigation or proceedings against it or any of its officers or directors in connection with the issuance or sale of the contracts or the operation of each Account.

ARTICLE VIII.

<u>Applicable Law</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 This Agreement shall be construed and the provisions hereof interpreted under and in accordance with the laws of the State of Texas.

ARTICLE IX.

<u>Termination</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 This Agreement shall continue in full force and effect until the first to occur of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) termination by any party for any reason by one hundred eighty (180) day's advance written notice
delivered to the other parties; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) termination by the Company by written notice to the Distributor based upon the Company's
determination that shares of such Trust are not reasonably available to meet the requirements of the Contracts; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) termination by the Company by written notice to the Trust and the Distributor in the event the
Trust's shares are not registered, issued or sold in accordance with applicable state or federal law or such law precludes the use of such shares as the underlying investment media of the Contracts issued or to be issued by the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) termination by the Company by written notice to the Distributor in the event that the Trust ceases to
quality as a RIC under Subchapter M of the Code or under any successor or similar provision, or if the Company reasonably believes that the Trust may fail to do so qualify; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) termination by Distributor by written notice to the Company, if it shall determine, in its sole judgment
exercised in good faith, that the Company or its affiliated companies has suffered a material adverse change in its business, operations, financial condition or prospects since the date of this Agreement or is the subject of material adverse
publicity; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) termination by the Company by written notice to the Distributor, if the Company shall determine, in its
sole judgment exercised in good faith, that Distributor bas suffered a material adverse change in its business, operations, financial condition or prospects since the date of this Agreement or is the subject of material adverse publicity; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) termination by any party by written notice upon the institution of formal proceedings against the Company,
the Trust, or the Distributor by the Financial Industry Regulatory Authority ("FINRA"), the SEC or other regulatory body; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) termination by the Company or the Distributor by written notice to the other party upon a determination by
the majority of the Trust's Board that a material irreconcilable conflict exists among the interests of (i) all contract owners of all separate accounts or (ii) the interests of the Participating Insurance Companies; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) termination by any party by advance written notice upon the "assignment" of the Agreement (as
defined under the 1940 Act) unless made with the written consent of each party to the Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) termination by the Company by written notice upon the sale, acquisition or change of control of the
adviser of the Trust; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) termination by the Company arising from the substitution of Trust shares with the shares of another
investment company for the Contracts for which the Trust shares have been selected to serve as the underlying investment medium, subject to compliance with applicable regulations of the SEC, Company will give sixty (60) day's written
notice to the Trust and the Distributor of any proposed action to replace Trust shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) termination by the Company, the Trust or the Distributor by written notice to the other parties upon a
material breach of the Agreement by the other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <u>Effect of Termination.</u> Notwithstanding any termination of this Agreement The Distributor shall at the option of the Company, continue to make available additional shares of the Trust pursuant to the terms and conditions of this Agreement, for all Contracts in effect on the effective date of termination of this Agreement (hereinafter referred to as "Existing Contracts"). Specifically, without limitation, the owners of the Existing Contracts shall be permitted to reallocate investments in the Trust,. redeem investments in the Trust or invest in the Trust upon the making of additional purchase payments under the Existing Contracts. The parties agree that this Section 9.2 shall not apply to any terminations under Article VII and the effect of such Article VII terminations shall be governed by Article VII of this Agreement.

Page 13 of 19

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ARTICLEX.

<u>Notices</u> 

Any notice shall be sufficiently given when sent by registered or certified mail, overnight delivery or facsimile to the other party at the address of such party set forth below or at such other address as such party may from time to time specify in writing to the other party.

If to the Distributor:

<u>Invesco Distributors, Inc.</u>

<u>11 Greenway Plaza</u>

<u>Houston, Texas 77046</u>

<u>Attention: General Counsel</u>

If to the Company:

<u>2929 Allen</u> <u>Parkway</u> <u>L4-01</u> 

<u>Houston TX 770I9</u> 

Attention: <u>Mark Matthes, Associate General Counsel</u>

Fax No.<u>(713) 831-5011</u>

<u>2929 Allen Parkway L13-20</u> 

<u>Houston TX 77019</u> 

Attention: <u>Tom Ward, Vice President - Investments</u>

Fax No. <u>(713) 831-2399</u>

ARTICLE XI.

<u>Miscellaneous</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 Subject to the requirements of legal process and regulatory authority, each party hereto shall treat as confidential the names and addresses of the owners of the Contracts and all information reasonably identified as confidential in writing by any other party hereto and, except as permitted by this Agreement, shall not disclose, disseminate or utilize such names and addresses and other confidential information until such time as it may come into the public domain without the express written consent of the affected party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 The captions in this Agreement are included for convenience of reference only and in no way define or delineate any of the provisions hereof or otherwise affect their construction or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 This Agreement may be executed simultaneously in two or more counterparts, each of which taken together shall constitute one and the same instrument.

Page 14 of 19

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5 If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of the Agreement shall not be affected thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6 Each party hereto shall cooperate with each other party and all appropriate governmental authorities (including without limitation the SEC, FINRA and state insurance regulators) and shall permit such authorities reasonable access to its books and records in connection with any investigation or inquiry relating to this Agreement or the transactions contemplated hereby to the extent practicable and except where a party's respective interests are adverse to or in conflict with another party's interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.7 The rights, remedies and obligations contained in this Agreement are cumulative and are in addition to any and all rights, remedies and obligations, at law or in equity, which the parties hereto are entitled to under state and federal laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.8 This Agreement or any of the rights and obligations hereunder may not be assigned by any party without the prior consent of all parties hereto; provided, however, that the Distributor may assign this Agreement or any rights or obligations hereunder to any affiliate of or company under common control with the Distributor if such assignee is duly organized, licensed and registered to perform the obligations of the Distributor under this Agreement.

[INTENTIONALLY LEFT BLANK]

Page 15 of 19

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<u>Schedule A</u> 

<u>Accounts</u> 

VALIC Separate Account A

Page 17 of 19

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<u>Schedule B</u> 

<u>Contracts</u> 

Portfolio Director Series

Equity Director Series

Page 18 of 19

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<u>Schedule C</u> 

<u>Series of the Trust</u> 

Invesco Balanced-Risk Commodity Strategy Fund

Class I Shares

Page 19 of 19

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**AMENDMENT TO PARTICIPATION AGREEMENT** 

Regarding

**TRUST SHAREHOLDER REPORTS** 

This Amendment (the "Amendment") is entered into as of January 1, 2021, by and between **The Variable Annuity Life Insurance Company** (the "Company") on its own behalf and on behalf of each separate account of the Company as set forth on Schedule A, as may be amended from time to time (individually and collectively the "Accounts"), and **Invesco Distributors, Inc**. (the "Distributor"), a Delaware corporation. The Distributor is the appointed Distributor for those series of portfolios of Aim Investment Funds (Invesco Investment Funds) (the "Trust") identified on Schedule C of the Participation Agreement as defined below.

**RECITALS** 

WHEREAS, the Company and the Distributor (collectively, the "Parties") have entered into a certain Participation Agreement dated as of October 31, 2011 (the "Participation Agreement"); and

WHEREAS, pursuant to the Participation Agreement between the Parties, the Company invests in shares of certain of the portfolios of the Trust (the "Portfolios") as a funding vehicle for the Accounts that issue variable annuity and/or life insurance contracts (the "Variable Contracts") to persons that are registered owners of such Variable Contracts on the books and records of the Company (the "Contract Owners"); and

WHEREAS, the Trust maintains on its books and records one or more account(s) that hold and record shares of the Portfolios owned by the Company on behalf of the Accounts; and

WHEREAS, the Accounts are registered as unit investment trusts under the Investment Company Act of 1940, as amended (the "1940 Act"); and

WHEREAS, the Accounts and/or the Company have certain obligations pursuant to Rule 30e-2 under the 1940 Act to deliver Trust shareholder reports to Contract Owners, which obligations may be satisfied by compliance with Rule 30e-3 under the 1940 Act ("Rule 30e-3" or "the Rule"); and

WHEREAS, Company intends to comply with the requirements, terms and conditions of Rule 30e-3 in order to satisfy its obligation to deliver Trust shareholder reports to Contract owners, including hosting the website of certain fund materials required by Rule 30e-3; and

WHEREAS, the Parties desire to supplement and amend the Participation Agreement to reflect and implement the requirements, terms and conditions of Rule 30e-3 so as to satisfy the Accounts' and the Company's obligations under Rule 30e-2 and enable them to rely on Rule 30e- 3;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Company and the Distributor hereby agree to supplement and amend the Participation Agreement as follows:

**1. Maintaining Website; Posting and Availability of Trust Shareholder Reports and Other Required Materials**. The Trust shall be responsible for and shall fulfill the website posting and other requirements and obligations specified in paragraph (b) of Rule 30e-3, as amended from time to time. Without limiting the generality of the foregoing:

**(a).** The Trust shall ensure that, as specified in paragraph (b)(1) of Rule 30e-3, the following Trust materials are posted to a website address specified by the Trust (the "Specified Website"), and are

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publicly accessible and free of charge on the Specified Website: (i) *Current Report to Shareholders*; (ii) *Prior Report to Shareholders*; (iii) *Complete Portfolio Holdings From Reports Containing a Summary Schedule of Investments*; and (iv) *Portfolio Holdings For Most Recent First and Third Fiscal Quarters*; all of (i) through (iv) to be as specified in paragraph (b)(1) of Rule 30e- 3 (items (i) through (iv) collectively, the "Required Materials");

**(b).** The Trust shall ensure that the Required Materials are presented on the Specified Website in a format, or formats, that are convenient for both reading online and printing on paper (in accordance with paragraph (b)(3) of Rule 30e-3);

**(c).** The Trust shall ensure that persons accessing the Required Materials are able to permanently retain, free of charge, an electronic version of the Required Materials in a format, or formats, that meet the conditions of paragraph (b)(3) of Rule 30e-3 (in accordance with paragraph (b)(4) of Rule 30e-3);

**(d).** The Trust shall ensure that the Required Materials are posted at the Specified Website when required by Rule 30e-3, and kept current (up-to-date) and posted for the duration or period required by Rule 30e-3;

**(e).** Compliance by the Trust with the "safe harbor" provisions, terms and conditions of paragraph (b)(5) of Rule 30e-3 shall constitute compliance with subsections (a) through (d) of this section 1 of this Amendment (for this purpose, the "Company" referred to in said paragraph (b)(5) of Rule 30e-3 means the Trust); and

**(f).** The Trust shall notify the Company of the posting of each of the Required Materials (pursuant to subsection (a) above) prior to or simultaneously with each posting of the Required Materials; said notice shall be in a mutually agreed upon manner (*e.g.*, e-mail) intended to ensure that the Company receives the notice no later than the time that the particular item of Required Material is posted.

**2. Content of Required Materials.** The Trust shall be responsible for the content of the Required Materials as posted to the Specified Website, including, but not limited to, the accuracy and completeness of the Required Materials. Without limiting the generality of the foregoing in any manner, the Trust shall be responsible for ensuring that the Required Materials as posted to the Specified Website:

**(a).** Meet the applicable standards of the Securities Act of 1933, as amended; the Securities Exchange Act of 1934, as amended; the 1940 Act; and all rules and regulations under those Acts; and

**(b).** Do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading.

**3. Specified Website.** 

**(a).** The Specified Website is as identified in Schedule B hereto, as it may be changed by the Trust from time to time; *provided,* that the Trust shall provide the Company with as much notice as reasonably practicable of any change of the Specified Website, but in no event less than 60 days prior written notice of any such change.

**(b).** The Trust shall ensure that the Specified Website address is "specific enough," and that any links thereon are sufficiently "prominent," to meet the requirements of paragraph (c)(1)(iv) of Rule 30e-3 (in addition to the requirements of paragraph (b) of the Rule).

***4.* Paper Notice to Contract Owners.** The Company shall be responsible for providing the paper *Notice* to its Contract Owners, in accordance with paragraphs (c) and (d) of Rule 30e-3 (except that the Company

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is not responsible for the website requirements specified in paragraph (c)(1)(iv) of the Rule, which are the responsibility of the Trust pursuant to subsection 3(b) above).

**5. Delivery of Paper Copy Upon** *"****Ad Hoc****"* **Request.** The Company shall be responsible for fulfilling *ad hoc* requests from Contract Owners for a paper copy of any of the Required Materials, in accordance with paragraph (e) of Rule 30e-3.

**6. Investor Elections to Receive Future Trust Reports in Paper.** The Company shall be responsible for fulfilling Contract Owner elections to receive future Trust shareholder reports in paper, in accordance with paragraph (f) of Rule 30e-3.

**7. Provision of Paper or Electronic Documents.** The Trust shall:

**(a).** Provide the Company with sufficient paper copies of the then current Required Materials as the Company shall reasonably request, so that the Company may maintain a supply of such current paper documents sufficient in its reasonable judgment to meet anticipated requests from Contract Owners under sections 5 and 6 above (see paragraphs (e) and (f) of Rule 30e-3). Such requests shall be fulfilled reasonably promptly within a time frame that will allow the Company to deliver such Required Materials in accordance with applicable regulations

**(b).** Alternatively, if requested by the Company in lieu thereof, the Trust or its designee shall provide such electronic or other documentation (including "camera ready" copies of the current Required Materials as set in type, or at the request of the Company, in electronic form suitable to be sent to a financial printer), and such other assistance as is reasonably necessary to have the then current Required Materials printed for distribution pursuant to sections 5 and 6 hereof, as such Required Materials are posted to the Specified Website;

**8. Force Majeure Event.** Each Party is excused from performance under this Amendment and shall not be liable for any delay in performance or non-performance, in whole or in part, caused by the occurrence of any event or contingency beyond the control of the parties including, but not limited to, work stoppages, fires, civil disobedience, riots, rebellions, natural disasters, acts of God, acts of war or terrorism (actual or threatened), actions or decrees of governmental bodies, and similar occurrences. The Party who has been so affected shall promptly notify the other Party and shall use its best efforts to resume performance. Upon receipt of such notice, all obligations under this Amendment shall be immediately suspended for the duration of such Force Majeure Event.

**9. Construction of this Amendment; Participation Agreement**.

**(a).** This Amendment shall be interpreted to be consistent with, and to facilitate compliance with and reliance on, Rule 30e-3 under the 1940 Act and any interpretations of the Rule by the Securities and Exchange Commission, its staff, courts, or other appropriate legal authorities.

**(b).** The Parties have entered into the Participation Agreement between them for the purchase and redemption of shares of the Trusts by separate accounts maintained by the Company. This Amendment supplements the Participation Agreement. To the extent the terms of this Amendment conflict with the terms of the Participation Agreement, the terms of this Amendment shall control; otherwise, and except as otherwise specifically set forth in this Amendment, the terms of the Participation Agreement shall continue to apply, and shall apply to the duties, responsibilities, rights and obligations of the Parties under and pursuant to this Amendment.

**10. Termination.** This Amendment shall terminate upon the earlier of:

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**(a).** termination of the Participation Agreement; or

**(b).** 180 days written notice from any Party to the other Parties.

**11. Indemnification.** The Distributor specifically agrees to indemnify and hold harmless the Company (and its officers, directors, and employees) from any and all liability, claim, loss, demand, damages, costs and expenses (including reasonable attorney's fees) arising from or in connection with any claim or action of any type whatsoever brought against the Company (or its officers, directors, and employees) as a result of any failure or alleged failure by the Trust or Distributor to maintain the Specified Website and post the Required Materials in accordance with the terms of this Amendment and to fulfill their other duties and responsibilities under this Amendment. This indemnification shall be in addition to and not in lieu of the indemnification provided for in the Participation Agreement, but shall be subject to and in accordance with the terms and conditions of the Participation Agreement.

**12. Notices.** All notices or other communications required or provided for in this Amendment to any Party shall be duly given if:

**(a).** sent by registered or certified mail, mailed, first class postage prepaid, hand delivered or sent by overnight courier service to the applicable address set forth below; or

**(b).** sent to an authorized employee, agent or representative of the receiving Party by electronic mail or by facsimile, at the electronic address that the recipient Party may from time to time specify in writing to the other Party(ies).

The Company:

The Variable Annuity Life Insurance Company

2929 Allen Parkway, L13-20

Houston, TX 77019

Attention: Thomas M. Ward

E-mail: Tom.Ward@aig.com

Phone: (713) 831-5399

copy to:

The Variable Annuity Life Insurance Company

2919 Allen Parkway, L4-01

Houston, TX 77019

Attention: General Counsel

The Distributor:

Invesco Distributors, Inc.

11 Greenway Plaza

Houston, Texas 77046

Attn: General Counsel

**13. Assignment.** No Party to this Amendment may assign this Amendment, or any of the rights, obligations, or liabilities under this Amendment, without the written consent of all Parties hereto.

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**SCHEDULE A** 

**Separate Accounts of the Company** 

The Variable Annuity Life Insurance Company Separate Account A

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**SCHEDULE B** 

**Specified Website** 

<u>www.invesco.com/reports</u>.

## Ex-99.(H)(4)(Ii)

![LOGO](g934124g0724082319617.jpg)

**FINANCIAL SUPPORT AGREEMENT** 

This Financial Support Agreement ("Agreement") is entered into as of April 2, 2025 between The United States Life Insurance Company of New York (the "Financial Intermediary") and Invesco Distributors, Inc. ("Distributor").

In exchange for the financial support fee described in Paragraph 1 herein, Financial Intermediary shall provide the services, if any, enumerated in Paragraph 2 herein to Distributor for the benefit of shareholders of the registered investment companies for which Distributor now or in the future acts as the primary distributor (the "Funds"). Such services shall be provided subject to the terms and conditions of this Agreement.

**1. FINANCIAL SUPPORT FEE.** Distributor will pay a financial support fee to Financial Intermediary in the amount described in Schedule A hereto (the "Fee"). The Fee will be paid from Distributor's or its affiliate's revenues, profits or retained earnings and will be payable via the Automatic Clearing House (ACH) system to Financial Intermediary within 60 days following calendar quarter end or as otherwise provided in Schedule A. Payment amounts less than $500.00 are considered nominal, and Distributor is not obligated to make an individual payment for any amount thereunder.

**2. SERVICES.** Financial Intermediary or its designee, if applicable, shall provide to Distributor, for the benefit of shareholders of the Funds, the services set forth in Schedule B. Financial Intermediary may delegate its obligation to provide such services under this Agreement to an affiliate or designee, provided that such entity has all authorizations to perform the services delegated. Notwithstanding any such delegation, Financial Intermediary shall remain responsible for the performance of such services. Financial Intermediary must notify Distributor immediately upon the delegation of any service.

**3. MAINTENANCE OF RECORDS.** Financial Intermediary or its designee, if applicable, shall maintain and preserve all records as required by law to be maintained and preserved in connection with providing the services. Upon the request of Distributor, Financial Intermediary or its designee, if applicable, shall provide copies of all records relating to the Funds as may reasonably be requested to enable the Funds or their representatives to (i) respond to the directors/trustees requests for information; (ii) monitor and review the services provided under this Agreement; or (iii) comply with any request of a governmental body or self-regulatory organization. Financial Intermediary or its designee agrees that it will permit Distributor and its affiliates, the Funds or their representatives to have reasonable access to its personnel and records in order to facilitate the monitoring of the quality of the services.

**4. EXPENSES.** Each party shall bear all its expenses incidental to the performance of its obligations under this Agreement.

**5. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE FINANCIAL INTERMEDIARY.** The Financial Intermediary hereby represents, warrants and agrees as to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Financial Intermediary will comply with all applicable laws, rules and regulations of any governmental or regulatory body (as may be amended from time to time) as well as the terms of the applicable Fund prospectus and statement of additional information (collectively "Prospectus").

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Financial Intermediary and its designee, if applicable, will facilitate any audit or review of its files and records undertaken by Distributor pursuant to Section 3 hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. In the event Financial Intermediary delegates its obligation to provide any services hereunder, it will ensure that such designee is aware of and complies with all representations, warranties and covenants hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Financial Intermediary will provide point of sale disclosure regarding all appropriate facts relating to this Agreement to all shareholders in compliance with all applicable laws, rules and regulations, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Financial Intermediary has obtained and shall maintain, in good standing, its membership with the Financial Industry Regulatory Authority, Inc. ("FINRA"), or is otherwise considered a "Bank" and exempt from registration as a broker-dealer under Section 3(a)(6) of the Securities Exchange Act of 1934, as amended.

**6. DIRECTED BROKERAGE.** The parties hereto understand and agree that neither Distributor nor its affiliates will provide, and Financial Intermediary will not accept, any brokerage commissions for transactions in portfolio securities of the Funds or affiliates of the Funds ("Directed Brokerage") that would in any way pay for, mitigate or offset any financial obligation that Distributor has under this Agreement. Directed Brokerage would include any agreement or arrangement, whether explicit or implicit, and whether written or oral, in which Financial Intermediary receives, in consideration for, or recognition of, the sale of Fund shares, support payments in the form of brokerage commissions, brokerage transactions (orders for the purchase or sale of Fund portfolio securities), mark-ups, mark-downs, other fees (or any portion thereof) payable or to be payable from portfolio transactions for the account of a Fund (whether executed by Financial Intermediary or any other broker or dealer) or other quid pro quo-type arrangement, such as the purchase or sale of a security issued by Financial Intermediary or its affiliates in recognition of Financial Intermediary's sale or promotion of Fund shares or client referrals.

**7. REPRESENTATIONS WITH RESPECT TO DISTRIBUTOR AND THE FUNDS.** Without the prior written approval of Distributor, Financial Intermediary, its designee and its affiliates and agents shall not make representations concerning a Fund or its shares in any printed material to be distributed in any manner to any third party except: (1) those representations contained in the then current Prospectus of such Fund; and (2) those representations contained in current sales literature furnished by Distributor or its affiliates to Financial Intermediary. For the sake of clarity, Financial Intermediary, its designee and its affiliates and agents may make representations relating to the availability of a Fund or its shares as an investment option to retirement plans, variable annuity contract holders and other similar parties in contract prospectuses and other similar literature and other related representations.

**8. USE OF NAMES.** Financial Intermediary, its designee and its affiliates will not, without the prior written approval of Distributor, make public references to Invesco Management Group Inc., its successors or assigns or any of its subsidiaries ("Invesco Management") or to the Funds (collectively the "Fund Entities"). Any brochure or other communication to the public that mentions the Fund Entities shall be submitted to the compliance officer of Distributor or its affiliate, for written approval prior to use by Financial Intermediary or its designee or affiliates. Financial Intermediary shall provide copies to Distributor or its affiliate's compliance officer of any of its regulatory filings that include any reference to the Fund Entities. If Financial Intermediary, its designee or its affiliates should make unauthorized references or representations, Financial Intermediary agrees to indemnify and hold harmless the Fund Entities from any claims, losses, expenses or liability arising in any way out of or connected in any way with such unauthorized references or representations. This requirement shall not apply to a simple list

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including the name of any Fund Entity. Furthermore, in all such circumstances, it is the sole responsibility of Financial Intermediary and its designee to ensure that all references to Fund Entities are correct and current.

**9. INDEMNIFICATION.**

Each party (the "Indemnifying Party") agrees to indemnify and hold harmless the other party, including their affiliates, employees, and agents (the "Indemnitees"), against any losses, claims, damages, liabilities, or expenses to which an Indemnitee may become subject insofar as those losses, claims, damages, liabilities, or expenses, or actions in respect thereof, arise out of or are based upon (i) the Indemnifying Party's negligence or willful misconduct in carrying out its duties and responsibilities under this Agreement, or (ii) any breach by the Indemnifying Party of any material provision of this Agreement. The Indemnifying Party will reimburse the Indemnitee for any legal or other expenses reasonably incurred, as incurred, by them in connection with investigating or defending such loss or action. This indemnity agreement will be in addition to any liability which the Indemnifying Party may otherwise have.

**10. CONFIDENTIALITY.** Except in accordance with applicable laws, rules and regulations, the terms of this Agreement, including specifically the fee arrangements, shall remain confidential as between the parties.

**11. TERMINATION.** This Agreement will terminate immediately upon the termination of the Selected Dealer Agreement or other applicable selling group agreement between the parties. Either party may terminate this Agreement upon sixty (60) days' prior written notice to the other party at the address specified below. Notwithstanding the foregoing, either party may cancel the Agreement immediately upon any breach or violation by the other party or its designee of any representation, warranty or covenant herein or any violation of any applicable law, rule, or regulation. Upon termination, the provisions of Paragraph 11 shall survive for a period thereafter until statutes of limitations bar all claims that could be asserted thereunder.

**12. GOVERNING LAW.** This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York applicable to agreements fully executed and to be performed therein.

**13. MODIFICATION.** This Agreement may be modified or amended, and the terms of this Agreement may be waived, only by a writing signed by each of the parties.

**14. ASSIGNMENT.** This Agreement shall not be assigned by a party hereto, without the prior written consent of the other parties hereto, except that a party may assign this Agreement to an affiliate having the same ultimate ownership as the assigning party without such consent, and further provided, that such affiliate shall have the capability and resources, including without limitation financial resources and creditworthiness, to perform the party's obligations hereunder, including without limitation, indemnification and the payment of fees.

**15. ENTIRE AGREEMENT.** This Agreement, including the attachments hereto, constitutes the complete understanding and agreement of the parties relating to the subject matter hereof and supersedes and replaces all prior understandings and agreements relating to such subject matter.

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IN WITNESS WHEREOF, the undersigned have executed this Agreement by their duly authorized officers as of the date first above written.

---

| | |
|:---|:---|
| **FINANCIAL INTERMEDIARY:** | **DISTRIBUTOR:** |
| THE UNITED STATES LIFE INSURANCE | INVESCO DISTRIBUTORS, INC. |
| COMPANY OF NEW YORK |  |
| By: ![LOGO](g934124dsp051a.jpg) | By: ![LOGO](g934124dsp051b.jpg) |
| Print Name: <u>Barbara Rayll</u> | Print Name: <u>Nicole Filingeri</u> |
| Title: <u>Vice President, Business Case Development</u> | Title: <u>Vice President</u> |
| Address: 2919 Allen Parkway<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>Houston, TX 77019</u>  | Address: <u>11 Greenway Plaza</u> |
|  | <u>Suite 1000</u> |
|  | <u>Houston, TX 77046-1173</u> |

---

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**Schedule A to** 

**Financial Support Agreement** 

**Effective April 2, 2025** 

**1.** **BASIS POINTS ON ASSETS.** Distributor shall pay Financial Intermediary a quarterly fee at the annual rate of
0.25% (25 basis points) of the net asset of value of the Class R5 Shares in Financial Intermediary's accounts on the books of the Distributor or its affiliate as of the end of such quarter, valued as of the close of business on the last
business day of the quarter for the following Fund:

Invesco Balanced-Risk Commodity Strategy Fund Class R5

**2.** **MEETING AND OTHER FEES.** Distributor may pay to Financial Intermediary an annual meeting fee, at the discretion
of the Distributor, to reimburse for costs incurred in connection with meetings conducted for the purpose of training and educating financial consultants.

**3.** **NON-CASH COMP.** Distributor may also support the sales efforts of
Financial Intermediary's sales staff through the use of non-cash compensation marketing support.

Any amounts set forth above shall only be due and payable provided the corresponding consideration is received by or will be provided to Distributor in full. Financial Intermediary's failure to provide the consideration in whole or in part shall result in a corresponding reduction in the amount payable by Distributor.

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**SCHEDULE B** 

**SERVICES** 

**1.** Financial Intermediary desires to appoint Distributor as a provider of mutual funds and provide to Distributor all of the benefits provided to sponsors of such program. The parties agree that participation in such program does not obligate Financial Intermediary to include a Fund on any recommended or similar list prepared by Financial Intermediary. The parties also agree that participation in such program will not be a factor in any recommendation by Financial Intermediary to its customers regarding the advisability of investing in a Fund;

**2.** The Funds will be listed on Financial Intermediary's intranet site;

**3.** Distributor will have the opportunity to submit to Financial Intermediary sales material which has been approved by Distributor and, if required, filed with FINRA advertising department for inclusion in Financial Intermediary communication with its registered representatives ("RRs");

**4.** Distributor shall have access to periodic conferences held by Financial Intermediary and may invite RRs to due diligence and training meetings, subject to prior approval by Financial Intermediary's Compliance Department in each instance. The cost for attending each meeting shall be as set forth on Schedule A; and

**5.** Financial Intermediary shall provide to Distributor any information generally available to all sponsors, including but not limited to market share information, listing of all RRs and calendar of planned conferences. Without the prior written consent of Financial Intermediary, Distributor shall be prohibited from using the listing of RRs for any purpose, other than fulfilling Distributor's obligations under this Agreement.

## Ex-99.(H)(4)(Iii)

![LOGO](g934124g0724074723423.jpg)

**SUB-ACCOUNTING AGREEMENT** 

This Agreement is entered into as of April <u>2nd</u>, 2025 between THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, (the "Sub-Accounting Agent") and Invesco Investment Services, Inc. ("IIS"), acting for itself, except for Paragraph 4 wherein it is acting as agent for the Funds (hereinafter defined).

In exchange for a sub-accounting fee described in Paragraph 1 herein, Sub-Accounting Agent shall provide the sub-accounting services enumerated in Paragraph 2 herein to IIS for the benefit of shareholders of the registered investment companies for which IIS now or in the future acts as transfer agent, (the "Funds"). Such services shall be provided in connection with the purchase and redemption of shares of the Funds through one or more specified accounts in each Fund (individually, an "Account" and collectively, the "Accounts"), subject to the terms and conditions of this Agreement.

**1. SUB-ACCOUNTING FEE.** IIS will pay a sub-accounting fee to Sub-Accounting Agent in the amount described in Schedule A hereto (the "Sub-Accounting Fee"). The Sub-Accounting Fee will be paid on the average daily net assets of plan participants accounts per Fund (excluding funds-of-funds) (each, a "Sub-Account"), per year, payable within 30 days following the receipt of the information required by IIS to complete the calculation of the invoice, listed in Schedule B of this agreement the ("Fee Information"). If the Fee Information is not complete or accurate, the fee payment may be delayed or in some circumstances not paid at all. Sub-Accounting Agent will provide the Fee Information within 15 days of calendar quarter end, and such information will be sent by electronic mail to "subaccounting@invesco.com". IIS is not required to pay invoices for which the Fee Information is presented more than 60 days after the end of the calendar year. The Sub- Accounting Agent and IIS agree that the payment of any Sub-Accounting Fee is strictly for record keeping and/or administrative services only and not for legal, investment advisory or distribution services and will be made via the Automatic Clearing House (ACH) system, upon receipt of a completed Vendor ACH Direct Deposit Payment Application attached hereto in Schedule C. Amounts less than $500.00 are considered nominal and IIS is not obligated to make an individual payment for any amount thereunder.

**2. SUB-ACCOUNTING SERVICES.** Sub-Accounting Agent shall provide to IIS, for the benefit of shareholders investing in the Funds through the Accounts, the services outlined in this section. Sub-Accounting Agent may delegate its obligation to provide such services under this Agreement to an affiliate, provided that (i) Sub-Accounting Agent notifies IIS immediately upon the delegation of any service; and (ii) such entity has all authorizations to perform the services delegated. Notwithstanding any such delegation, Sub-Accounting Agent shall remain responsible for the performance of such services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Record Keeping.** Record keeping for Sub-Accounting Agent's customers (each a retirement "Plan" or "Plans") shall be the responsibility of the Sub-Accounting Agent. The Sub-Accounting Agent shall maintain one Account per Plan or one Account for all Plans, unless otherwise specifically agreed. IIS will recognize on the books of the Funds each of Sub-Accounting Agent's Accounts as a single shareholder and as an unallocated account in the Funds, and will not maintain separate accounts for each of Sub-Accounting Agent's Sub-Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Maintenance of Records.** Sub-Accounting Agent shall maintain and preserve all records as required by law to be maintained and preserved in connection with providing the sub-accounting services. Upon the request of IIS, Sub-Accounting Agent shall provide copies of all records relating to the Funds as may reasonably be requested to enable the Funds or their representatives to (i) respond to the directors/trustees requests for information; (ii) monitor and

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review the services provided under this agreement; or (iii) comply with any request of a governmental body or self-regulatory organization. Sub-Accounting Agent agrees that it will permit IIS and its affiliates, the Funds or their representatives to have reasonable access to its personnel and records in order to facilitate the monitoring of the quality of the services and to make an accurate determination of the number of Sub-Accounts being reimbursed. Sub-Accounting Agent and IIS will provide names and phone numbers of appropriate contacts as requested on Schedule D attached hereto in order to facilitate access to their personnel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Administrative Services.** Sub-Accounting Agent shall assist Plan participants with any inquiries, transactions or requests in respect of the Funds which such Plan participants may have.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Other Services.** Sub-Accounting Agent shall provide other services to Plan participants beneficially owning Shares of the Funds as IIS or its affiliates may reasonably from time to time request.

**3. PRICING INFORMATION.** Each Fund or its representatives will provide to Sub-Accounting Agent on each business day that the New York Stock Exchange is open for business ("Business Day"), the following: (i) net asset value information as of the close of trading (currently 4:00 p.m. Eastern Time) on the New York Stock Exchange or as at such later times at which a Fund's net asset value is calculated as specified in such Fund's prospectus ("Close of Trading"), (ii) dividend and capital gains information as it becomes available, and (iii) in the case of income Funds, the daily accrual or interest rate factor (mil rate). The Funds shall use their best efforts to provide such information to Sub-Accounting Agent by 6:00 p.m. Central Time on the same Business Day.

**4. ORDERS AND SETTLEMENT.** Provided Sub-Accounting agent is a member of the National Securities Clearing Corporation ("NSCC") and submits orders for purchases and/or redemptions of Shares of the Funds to IIS via the Defined Contribution Clearance System and/or FundServ, the parties agree to comply with the rules of the NSCC unless otherwise agreed in writing. Provided Sub-Accounting Agent does not submit orders to IIS using the NSCC, then the parties agree as follows: if Sub-Accounting Agent receives instructions in proper form from Sub-Accounting Agent's Plan(s) and/or Sub-Accounts before the Close of Trading on a Business Day, Sub-Accounting Agent will process such instructions that same evening. No later than the next Business Day, Sub-Accounting Agent will transmit orders that identify all contribution purchases, all other purchases (i.e., exchanges, loan repayments) and all redemptions of Shares to IIS or its affiliate by 9:00 a.m. Central Time on that day and wire payment for net purchases by 2:00 p.m. Central Time. IIS or its affiliate will wire payment for net redemptions on the Business Day following the day the order is executed for the Accounts. IIS, pursuant to authority granted to it by the Funds, hereby appoints Sub-Accounting Agent as the Funds' agent for the purposes of accepting orders for purchases and redemptions from its clients prior to the Close of Trading on a business day. Shares will be purchased and redeemed as of the Business Day on which Sub-Accounting Agent receives the instructions if before the Close of Trading on that day. Sub-Accounting Agent will record time and date of receipt of instructions and will, upon request, provide such instructions and other records relating to the services to IIS or its affiliate's auditors. If Sub-Accounting Agent receives instructions in proper form after the Close of Trading on a Business Day, Sub-Accounting Agent will treat the instructions as if received on the next Business Day. In any instance where Sub-Accounting Agent utilizes a designee for the above mentioned, which designee is to be considered the Fund's agent pursuant to the foregoing, Sub-Accounting Agent shall ensure by an agreement with such designee that such designee shall comply with the duties and responsibilities imposed upon Sub-Accounting Agent in this Agreement, to the extent applicable, as if they were the designee's, including but not limited to the duties and responsibilities in this Section 4 and the rights to inspect books and records in Section 2(B). If Sub-Accounting Agent or its designee willfully or negligently processes trades in a manner other than described in this paragraph, such trade will be rejected and Sub-Accounting Agent will be responsible for all costs associated therewith; additionally, such action shall be considered a

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breach of this Agreement and IIS shall be entitled to immediately terminate this Agreement at its sole discretion.

**5. EXPENSES.** Each party shall bear all its expenses incidental to the performance of its obligations under this Agreement.

**6. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SUB-ACCOUNTING AGENT.** The Sub-Accounting Agent hereby represent, warrant and agree as to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Excessive Short-Term Trading.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Sub-Accounting Agent will comply with all applicable laws, rules and
regulations of any governmental or regulatory body (as may be amended from time to time) as well as the terms of the applicable prospectus and Statement of Additional Information of each fund (collectively, "Prospectus") with respect to
excessive short-term trading;

ii) Sub-Accounting Agent will use best efforts to assist IIS in identifying, deterring and removing individuals participating in or facilitating excessive short-term trading activities (as determined in IIS's sole discretion), including but not limited to providing any relevant account information, facilitating access by IIS to records regarding beneficial owners of shares and allowing IIS to verify that adequate processes, procedures and controls are in place to accomplish the foregoing; 

iii) Sub-Accounting Agent will use best efforts to assist IIS in implementing policies and procedures relating to excessive short-term trading; and

iv) Sub-Accounting Agent agrees to use best efforts to enforce any exchange limitations as required by the applicable Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Orders and Settlement.** 

Sub-Accounting Agent will facilitate any audit or review of its files and records undertaken by IIS pursuant to Section 2(B) hereof. Specifically if services have been delegated by Sub-Accounting Agent, the Sub-Accounting Agent will work with IIS to facilitate access to all files and records as if such files and records were their own.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Redemption Fees.** 

Sub-Accounting Agent agrees to use best efforts to enforce redemption fees as required by the applicable Prospectus or IIS' operational procedures as communicated to Sub-Accounting Agent from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. General.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Sub-Accounting Agent agrees to use best efforts to assist IIS in facilitating
shareholders' rights, privileges and services required by the applicable Prospectus;

ii) Sub-Accounting Agent will at all times ensure that a party other than IIS or any of its affiliates remains the Broker/Dealer of record or otherwise responsible for determinations of suitability and similar fiduciary duties with respect to all Fund shares serviced under this Agreement;

iii) In the event Sub-Accounting Agent delegates its obligation to provide any services hereunder, it will ensure that such designee is aware of all representations, warranties and covenants hereunder; and

iv) To the extent that Sub-Accounting Agent maintains third party agreements with Plans or Plan participants, Sub-Accounting Agent agrees that such arrangements

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will not contravene the terms of this Agreement or the terms of the applicable Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) The parties hereto understand and agree that neither IIS nor its affiliates will provide, and Sub-Accounting Agent will not accept, any brokerage commissions for transactions in portfolio securities of the Funds or affiliates of the Funds ("Directed Brokerage") that would in any way pay for,
mitigate or offset any financial obligation that IIS has under this Agreement. Directed Brokerage would include any agreement or arrangement, whether explicit or implicit, and whether written or oral, in which Sub-Accounting Agent receives, in consideration for, or recognition of, the sale of Fund shares, support payments in the form of brokerage commissions, brokerage transactions (orders for the purchase or sale
of Fund portfolio securities), mark-up or other quid pro quo-type arrangement, such as the purchase or sale of a security issued by Sub-Accounting Agent or its affiliates in recognition of Sub-Accounting Agent's sale or promotion of Fund shares or client referrals.

vi) Sub-Accounting Agent will provide applicable point of sale disclosure regarding all appropriate facts relating to this Agreement to all shareholders in compliance with all applicable laws, rules and regulations.

vii) Sub-Accounting Agent is a properly formed corporation under state law, and, if not, Sub-Accounting Agent agrees to submit to IIS upon reasonable request a Form W-9 for tax purposes.

viii) Sub-Accounting Agent will comply with all applicable laws, rules and regulations and will notify IIS immediately in writing if it fails to do so.

**8. USE OF NAMES.** Sub-Accounting Agent and its affiliates will not, without the prior written approval of IIS, make public references to Invesco Management Group Inc., its successors or assigns or any of its subsidiaries ("Invesco Management"), or to the Funds (collectively the "Fund Entities"). Any brochure or other communication to the public that mentions the Fund Entities shall be submitted to a compliance officer of IIS or its affiliate, for written approval prior to use by Sub-Accounting Agent or affiliates. Sub-Accounting Agent shall provide copies to IIS or its affiliate's compliance officer of any of its regulatory filings that include any reference to the Fund Entities. If Sub-Accounting Agent or its affiliates should make unauthorized references or representations, Sub- Accounting Agent agrees to indemnify and hold harmless the Fund Entities from any claims, losses, expenses or liability arising in any way out of or connected in any way with such unauthorized references or representations. This requirement shall not apply to a simple list including the name of any Fund Entity. Furthermore, in all such circumstances, it is the sole responsibility of Sub- Accounting Agent to ensure that all references to Fund Entities are correct and current.

**9. INDEMNIFICATION.** Each party hereto agrees to indemnify and hold harmless the other party and its affiliates (including the Funds in the case of IIS), employees, and agents (the "Indemnitees") against any losses, claims, damages, liabilities or expenses to which an Indemnitee may become subject insofar as those losses, claims, damages, liabilities or expenses or actions in respect thereof, arise out of or are based upon (i) such party's negligence or willful misconduct in carrying out its duties and responsibilities under this Agreement, or (ii) any breach by such party of any material provision of this Agreement. Such party will reimburse the Indemnitee for any legal or

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other expenses reasonably incurred, as incurred, by them in connection with investigating or defending such loss, claim or action. This indemnity agreement will be in addition to any liability which the party may otherwise have.

**10. CONFIDENTIALITY.** The terms of this Agreement, including specifically the fee arrangements, shall remain confidential as between the parties.

**11. TERMINATION.** Either party may terminate this Agreement upon sixty (60) days' prior written notice to the other party at the address specified below. Notwithstanding the foregoing, IIS may cancel the Agreement immediately upon any breach or violation by Sub-Accounting Agent of any representation, warranty or covenant herein or any violation of any applicable law, rule, or regulation. Upon termination, the provisions of Paragraph 9 shall survive for a period thereafter until statues of limitations bar all claims that could be asserted thereunder.

**12. GOVERNING LAW.** This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York applicable to agreements fully executed and to be performed therein.

**13. MODIFICATION.** This Agreement may be modified or amended, and the terms of this Agreement may be waived, only by a writing signed by each of the parties. Schedule A hereto may be modified from time to time as evidenced by distribution by IIS of an amended Schedule A, effective upon receipt by Sub-Accounting Agent.

**14. ASSIGNMENT.** This Agreement shall not be assigned by a party hereto, without the prior written consent of the other parties hereto, except that a party may assign this Agreement to an affiliate having the same ultimate ownership as the assigning party without such consent, and further provided, that such affiliate shall have the capability and resources, including without limitation financial resources and creditworthiness, to perform the party's obligations hereunder, including without limitation, the settlement of orders, indemnification and the payment of fees.

**15. ENTIRE AGREEMENT.** This Agreement, including the attachments hereto, constitutes the complete understanding and agreement of the parties relating to the subject matter hereof and supersedes and replaces all prior understandings and agreements relating to such subject matter. Additionally, this Agreement specifically supersedes and replaces any sub-accounting arrangement between Sub-Accounting Agent and A I M Distributors, Inc., INVESCO Funds Group, Inc. and/or their affiliates concerning the Funds.

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IN WITNESS WHEREOF, the undersigned have executed this Agreement by their duly authorized officers as of the date first above written.

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| | | | |
|:---|:---|:---|:---|
| <u>THE UNITED STATES LIFE INSURANCE</u> | <u>THE UNITED STATES LIFE INSURANCE</u> | <u>INVESCO INVESTMENT SERVICES, INC.</u> | <u>INVESCO INVESTMENT SERVICES, INC.</u> |
| <u>COMPANY IN THE CITY OF NEW YORK</u> | <u>COMPANY IN THE CITY OF NEW YORK</u> |  |  |
| (SUB-ACCOUNTING AGENT) | (SUB-ACCOUNTING AGENT) |  |  |
| By: | ![LOGO](g934124dsp006a.jpg) | By: | ![LOGO](g934124dsp006b.jpg) |

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| | |
|:---|:---|
| Print Name: <u>Barbara Rayll</u>  | Print Name: Rhonda Dixon-Gunner<u> </u> |
| Title: <u>Vice President, Business Case Development</u> | Title: Global Head of Transfer Agency |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Address: 2919 Allen Parkway<br> <u>Houston, TX 77019</u>  | Address: <u>11 Greenway Plaza</u> |
|  | <u>Suite 1000</u> |
| <u> </u> | <u>Houston, TX 77046</u> |

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**SCHEDULE A** 

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| | |
|:---|:---|
| **Fund**  | **Fee** |
|  Invesco Balanced Risk Commodity Strategy Class R5 | 10bps |

---

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**SCHEDULE B** 

IIS Account Number(s):

Fund Name(s) and Fund Number(s):

Number of Plan Participant(s) per Fund:

Fee Rate:

Market Value of Account(s) Being Invoiced by Fund Class:

Sub-Accounting Fee Amount by Fund:

**Sample Format of Invoice Information – EXCEL SPREADSHEET ONLY** 

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **IIS**<br>**Account**<br>**Number**<br>| **Fund Name** | **Fund**<br>**Number** | **Number of**<br>**Participants**<br>**Per Fund** | **Fee**<br>**Rate** | **Market**<br>**Value of**<br>**Account**<br>| **Sub-**<br>**Accounting**<br>**Fee**<br>|
| &nbsp;&nbsp;&nbsp; **0000000000** | **Charter A** | **1501** | **2500** | **.002** | **$10000.00** | **$20.00** |

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**SCHEDULE C** 

**Vendor ACH Direct Deposit Payment Application** 

**Your Company Name** 

**<u>THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK ("USL")</u>**

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| |
|:---|
| ![LOGO](g934124g92g73.jpg) |
| &nbsp;&nbsp;&nbsp;&nbsp; Corebridge Financial<br> 2919 Allen Parkway<br> Houston, TX 77019 |

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March 18, 2025

To Whom It May Concern:

Banking details for vendor USL ACH payments:

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| | |
|:---|:---|
| Bank Name | BNY Mellon |
| Bank Phone number | (412) 236-3338 |
| **ABA** routing number | 021000018 |
| Bank Account number | 8901712795 |

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Cambridge contact e-mail addresses: <u> </u>

<u>vrsco.invoicing@corebridgefinancial.com</u>

<u>trading@corebridgefinancial.com</u>

We agree that if IIS deposits or attempts to deposit funds into an incorrect bank account due to inaccurate bank account information provided by us, IIS is not required to disburse funds again to satisfy the obligation until IIS recovers the funds disbursed in its first payment attempt. We agree to assist IIS in recovering any Funds incorrectly disbursed in an attempt to pay for our services or products and agree to continue to provide the applicable services or products to IIS while the matter is under investigation. We agree to immediately notify IIS if we do not receive payment from IIS.

Print Name <u>Jin Han</u> 

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| | |
|:---|:---|
| Authorizing Signature #1 | ![LOGO](g934124dsp010.jpg)  |

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Title Director of Trading Operations

Telephone number _(832) <u>727-0575</u>

Corebridge Financial represents AIG member companies—The Variable Annuity Life Insurance Company (VALIC) and its subsidiaries, VALIC Financial Advisors, Inc. (VFA) and VALIC Retirement Services Company (VRSCO). Securities offered through VFA member FINRA, SIPC and an SEC-registered investment advisor. Annuities issued by VALIC, Houston, TX. Variable annuities distributed by its affiliate, AIG Capital Services, Inc. (ACS), member FINRA. All companies are members of American International Group, Inc. (AIG).

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**SCHEDULE D** 

**CONTACT INFORMATION** 

**Invesco Transfer Agent/Operations Officer** 

Name: <u>Laura Stanley</u> 

Title: <u>Director</u> 

Phone Number (direct): <u>(713) 214-1101</u> 

Back up Contact: <u>George Bryant</u> Phone Number: <u>(713) 214-1522</u>

## Ex-99.(H)(5)(I)

**<u>FUND PARTICIPATION AGREEMENT</u>**

THIS AGREEMENT (the "Agreement"), made and entered into as of this 16<sup>th</sup> day of January, 2025 by and among THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF EW YORK, a ew York life insurance company (the "Company"), on its own behalf and on behalf of the separate account(s) listed on Schedule A hereto, each a segregated asset account of the Company (each referred to as an "Account") and T. ROWE PRICE INVESTMENT SERVICES, INC., a Maryland corporation ("Underwriter"), T. ROWE PRICE SERVICES, INC., a Maryland corporation ("Transfer Agent") and T. ROWE PRICE ASSOCIATES, INC. (hereinafter, the "Adviser"), a Maryland corporation (Underwriter, Transfer Agent and Adviser collectively, "T. Rowe Price") and each series of T. Rowe Price funds listed on Schedule A hereto as such schedule may be amended from time to time (each such series hereinafter referred to as a "Fund"). The Company and T. Rowe Price are referred to herein collectively as the "Parties".

WITNESSETH:

WHEREAS, T. Rowe Price funds engage in business as open-end management investment companies and are available to act as an investment vehicle for separate accounts established for variable life insurance policies and variable annuity contracts to be offered by insurance companies; and

WHEREAS, THE VARIABLE ANNUITY LIFE INSURANCE COMPANY ("VALIC'.) and T. Rowe Price entered into a Participation Agreement on December 1, 2014, as amended (the "VALIC FPA");

WHEREAS, the Parties wish to enter into a separate agreement to provide for the purchase and redemption by the Company, on behalf of the Accounts, of shares of Funds of T. Rowe Price pursuant to the terms of the Agreement, based on the form of the VALIC FPA previously agreed to among VALIC and T. Rowe Price;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Company and T. Rowe Price hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties hereto adopt and agree to the terms of the VALIC FPA, as amended, in the form attached hereto as Exhibit A ("Exhibit A"), which for this purpose excludes the signature pages to such VALIC FPA and the Amendment to Participation Agreement Regarding Fund Shareholder Reports dated January 1, 2021, subject to the changes described below. For avoidance of doubt, this Agreement does not amend, delete or supersede the VALIC FPA or amend, delete or supersede participation agreement(s), if any, between some or all of the Parties with respect to other separate accounts of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For purposes of this Agreement, all references to The Variable Annuity Life Insurance Company or VALIC in Exhibit A are deleted and replaced with The United States Life Insurance Company in the City of New York and all references to the term "Company" in Exhibit A shall be deemed references to The United States Life Insurance Company in the City

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of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For purposes of this Agreement, the following are added as additional provisions relating to Rule 498 of the 1933 Act ("Rule 498"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. T. Rowe Price on behalf of one or more Funds will provide the Company upon its request with copies of summary prospectuses and supplements thereto in the same manner and at the same time that T. Rowe Price provides the Company with statutory prospectuses. T. Rowe Price has adopted policies and procedures reasonable designed to ensure compliance with the requirements of Rule 498 applicable to its Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Company represents and warrants that its use of the summary prospectuses and supplements, its website and the manner and procedures related to its hosting of the summary prospectuses and supplements on its website will at all times comply with the requirements of Rule 498. T. Rowe Price, at its sole cost and expense, shall provide the Company with summary prospectuses containing the appropriate hyperlinks required by Rule 498 and such other documentation that may be required by Rule 498.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. In the event T. Rowe Price determines, or is required under applicable law, rule or regulation, to cease use of any summary prospectuses, T. Rowe Price and Company shall work together to promptly implement a reasonable alternative documentation process. T. Rowe Price agrees that the Company is not required to distribute the summary prospectuses to its Contract owners and that any use will be in the discretion of the Company. The Company shall provide T. Rowe Price with at least thirty (30) days' prior written notice of its intended use of the 'summary prospectuses and at least sixty (60) days' prior written notice of its intent to terminate use of the summary prospectuses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. For purposes of this Agreement, the following are added as additional provisions relating to Rule 30e-1 under the 1940 Act ("Rule 30e- l"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. T. Rowe Price shall be responsible for preparing and providing the materials required by Rule 30e-1 and Item 27A(i) of Form N-lA (collectively, the "Required Materials,") which may include, among other things:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Current Annual and Semi-Annual Reports to Shareholders (Tailored Shareholder Reports);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Current Annual and Semi-Annual financial statements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Portfolio Holdings for Most Recent First and Third Fiscal Quarters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. T. Rowe Price shall host and maintain the website specified in paragraph (b)(2)(i) of Rule 30e-l, so that the relevant Required Materials are publicly accessible, free of charge, at that website, in accordance with the conditions set forth in that paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. T. Rowe Price shall be responsible for the content and substance of the Required Materials as provided to the Company, including, but not limited to, the accuracy and

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completeness of the Required Materials. Without limiting the generality of the foregoing in any manner, T. Rowe Price shall be responsible for ensuring that the Required Materials as provided to the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Meet the applicable standards of the Securities Act of 1933, as amended; the
Securities Exchange Act of 1934, as amended; the 1940 Act; and all rules and regulations under those Acts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Do not contain any untrue statement of a material fact or omit to state a material
fact necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. T. Rowe Price shall, at its expense, as the Company may reasonably request from time to time, provide the Company with sufficient paper copies of the then current Required Materials, so that the Company may maintain a supply of such current paper documents sufficient in its reasonable judgment to meet anticipated requests from Contract owners pursuant to Rule 30e-l. Such Company requests shall be fulfilled reasonably promptly, but in no event more than seven (7) business days after the request from the Company is received by T. Rowe Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Alternatively, if requested by the Company in lieu thereof, T. Rowe Price or its designee shall provide such electronic or other documentation (including "camera ready" copies of the current Required Materials as set in type, or at the request of the Company, physical data storage in a form suitable to be sent to a financial printer, such as, for example, a USB flash drive or comparable device), and such other assistance as is reasonably necessary to have the then current Required Materials printed for distribution (pursuant to requests from Contract owners; see paragraph (b)(3) of Rule 30e-l, as applicable); the reasonable costs of providing the electronic documentation and of such printing to be borne by T. Rowe Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. T. Rowe Price shall be responsible for preparing and providing the following "T. Rowe Documents," as specified in paragraph (j)(l)(iii) of Rule 498A:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Summary Prospectus for the Funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Statutory Prospectus for the Funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Statement of Additional Information ("SAI") for the Funds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Most Recent Annual and Semi-Annual Reports to Shareholders (under Rule 30e-l under the 1940 Act) for the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. T. Rowe Price shall provide the T. Rowe Documents specified above to the Company (or its designee) on a timely basis (to facilitate the required website posting) and provide updated versions as necessary, to facilitate a continuous offering of the Fund Company's securities and the Contracts. T. Rowe Price shall provide the Shareholder Reports specified above within 60 days after the close of each of the Fund's reporting periods (in accordance with Rule 30e-1 under the 1940 Act).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. T. Rowe Price shall provide the T. Rowe Documents to the Company (or its designee) in an electronic format that is suitable for website posting, and in a format, or formats, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) are both human-readable and capable of being printed on paper in human-readable format
(in accordance with paragraph (h)(2)(i) of Rule 498A);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) permit persons accessing the Statutory Prospectus and SAI to move directly back and
forth between each section heading in a table of contents of such document and the section of the document referenced in that section heading (that is, these documents must include  ***linking,*** in accordance with paragraph (h)(2)(ii) of
Rule 498A); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) permit persons accessing the T. Rowe Documents to permanently retain, free of
charge, an electronic version of such materials that meet the requirements of subparagraphs 11(a) and (b) above (in accordance with paragraph (h)(3) of Rule 498A).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The Company shall host and maintain the website specified in paragraph U)(i)(iii) of Rule 498A, so that the T. Rowe Documents are publicly accessible, free of charge, at that website, in accordance with the conditions set forth in that paragraph, provided that T. Rowe Price fulfill their obligations under this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. The Company shall ensure that an Initial Summary Prospectus is used for each currently offered Variable Contract described under the related registration statement, in accordance with paragraph U)(1)(i) of Rule 498A. T. Rowe Price shall ensure that a summary prospectus is provided for the Funds, in accordance with paragraph U)(1)(ii) of Rule 498A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. T. Rowe Price shall be responsible for the content and substance of the T. Rowe Documents as provided to the Company, including, but not limited to, the accuracy and completeness of the T. Rowe Documents. Without limiting the generality of the foregoing in any manner, T. Rowe Price shall be responsible for ensuring that the T. Rowe Documents as provided to the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Meet the applicable standards of the 1933 Act, the Securities Exchange Act of 1 934,
as amended; the 1940 Act; and all rules and regulations under those Acts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Do not contain any untrue statement of a material fact or omit to state a material
fact necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. T. Rowe Price shall, at its expense, as the Company may reasonably request from time to time, provide the Company with sufficient paper copies of the then current T. Rowe Documents, so that the Company may maintain a supply of such current paper documents sufficient in its reasonable judgment to meet anticipated requests from Contract owners (see paragraphs (i)(l) and U)(3) of Rule 498A). Such Company requests shall be fulfilled reasonably

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promptly, but in no event more than three (3) business days after the request from the Company is received by T. Rowe Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Alternatively, if requested by the Company in lieu thereof. T. Rowe Price or its
designee shall provide such electronic or other documentation (including "camera ready" copies of the current T. Rowe Documents as set in type), and such other assistance as is reasonably necessary to have the then current T. Rowe
Documents printed for distribution; the reasonable costs of providing the electronic documentation and of such printing and mailing for Contract owners to be borne by T. Rowe Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) T. Rowe Price shall reimburse the Company for the reasonable costs of printing and
mailing the T. Rowe Documents to Contract owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m. T. Rowe Price shall provide such data regarding each Fund's expense ratios and investment performance as the Company shall reasonably request, to facilitate the registration and sale of the Variable Contracts. Without limiting the generality of the foregoing, T. Rowe Price shall provide the following Fund expense and performance data on a timely basis to facilitate the Company's preparation of its annually updated registration statements for the Variable Contracts (and as otherwise reasonably requested by the Company), but in no event later than eighty (80) calendar days after the close of each Fund's fiscal year:

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| | |
|:---|:---|
| **(i).** | the *gross* "Annual Fund Company Expenses" for each Fund calculated in accordance with Item 3 of Form N-1 A, before any expense reimbursements or fee waiver arrangements;  |

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| | |
|:---|:---|
| **(ii).** | the *net* "Annual Fund Company Expenses" (aka "Total Annual Fund Operating Expenses") for each Fund calculated in accordance with Item 3 of Form N-1 A, that <u>include</u> any expense reimbursements or fee waiver arrangements, and the period for which the expense reimbursements or fee waiver arrangement is expected to continue and whether it can be terminated by T. Rowe Price; and  |

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| | |
|:---|:---|
| **(iii).** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the "Average Annual Total Returns" for each Fund (before taxes) as calculated pursuant to Item 4(b)(2)(iii) of Forn1 N-lA (for the 1, 5, and 10 year periods).  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. For purposes of this Agreement, the following provisions relating to Rule 22c-2 under the 1940 Act, as amended, are added:

&nbsp;&nbsp;&nbsp;&nbsp;a. Definitions. As used in this section of the Agreement relating to Rule 22c-2 under the 1940 Act, the following terms shall have the following meanings, unless a different meaning is clearly required by the contexts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The term "Fund" does not include any "excepted funds" as defined in
the Rule, which includes any: (i) money market fund; (ii) fund that issues securities that are listed on a national exchange; or (iii) fund that affirmatively permits short-term trading of its securities, if its prospectus clearly and
prominently discloses that the fund permits

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short-term trading of its securities and that such trading may result in additional costs for the fund. The term "Fund" shall also include the Funds' designee (i.e., principal underwriter or transfer agent).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The term "Fund Policies" means policies established by a Fund for the purpose
of eliminating or reducing any dilution of the value of the outstanding shares issued by the Fund resulting from short-term trading, as described in the applicable Fund's current prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The term "Shares" means the interests of Shareholders corresponding to the
redeemable securities of record issued by a Fund under the 1940 Act that are held through Accounts established by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The term "Shareholders" shall mean those contract or policy owners of the
Company that hold an interest in a Fund, directly or indirectly through Contracts issued by the Company on behalf of the Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The term "Shareholder-Initiated Transfer Purchase" means a transaction that is
initiated or directed by a Shareholder that results in a transfer of assets within a Contract to a Fund, but does not include the following: (i) transactions that are executed automatically pursuant to a contractual or systematic program or
enrollment such as transfer of assets within a Contract to a Fund as a result of "dollar cost averaging" programs, asset allocation programs or any other automatic rebalancing programs; (ii) required transactions pursuant to a
Contract living or death benefit; (iii) one-time step-up in Contract value pursuant to a Contract death or living benefit; (iv) transactions that are executed
as a result of allocation of assets to a Fund through a Contract as a result of payments such as loan repayments, scheduled contributions, retirement plan salary reduction contributions, or planned premium payments to the Contract; or (v) pre-arranged transfers at the conclusion of a required free look period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The term "Shareholder-Initiated Transfer Redemption" means a transaction that
is initiated or directed by a Shareholder that results in a transfer of assets within a Contract out of a Fund, but does not include the following: (i) transactions that are executed automatically pursuant to a contractual or systematic program
or enrollments such as transfers of assets within a Contract out of a Fund as a result of annuity payouts, loans, systematic withdrawal programs, asset allocation programs and automatic rebalancing programs; (ii) transactions that are executed
as a result of any deduction of charges or fees under a Contract; (iii) transactions within a Contract out of a Fund as a result of scheduled withdrawals or surrenders from a Contract; (iv) transactions that are executed as a result of
payment of a death benefit from a Contract; or (v) transactions that are executed as a result of minimum distributions required by applicable federal tax law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) The term "written'' includes electronic and facsimile writings and
transmissions and such other means as the Parties may agree from time-to-time.

&nbsp;&nbsp;&nbsp;&nbsp;b. Agreement to Provide Information. Company agrees to provide the Fund the taxpayer

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identification number ("TIN"), the Individual/International Taxpayer Identification Number ("ITIN") or other government-issued identifier, (or an equivalent identifying number), as well as the Contract owners number or participant account number associated with the Shareholder, if known, of any or all Shareholder(s) of the Account, and the amount, date and transaction type (purchase, redemption, transfer, or exchange) of every purchase, redemption, transfer, or exchange of Shares held through an Account maintained by the Company ("Transaction Information"). It is understood that Company intends to provide the Transaction Information regarding each Fund daily, but a Fund may, from time to time, make a written request ("Request") regarding a specific Fund or for a specific period in accordance with this Agreement. <br>

Unless otherwise specifically requested by a Fund, Company shall only be required to provide information relating to Shareholder-Initiated Transfer Purchases or Shareholder-Initiated Transfer Redemptions.

&nbsp;&nbsp;&nbsp;&nbsp;c. Period Covered by Request. Any Request must set forth a specific period for which the
Transaction Information is being sought (the "Covered Period"), but the Covered Period shall not include any day that is earlier than 180 days prior to the day Company received the Request. The Fund may request Transaction Information
older than 180 days from the date of the Request as it deems necessary to investigate compliance with Fund Policies.

&nbsp;&nbsp;&nbsp;&nbsp;d. Form and Timing of Response/Indirect Intermediaries. Instructions must include the TIN,
ITIN or other government-issued identifier if known, and the specific restriction(s) to be executed. If the TIN, ITIN or government-issued identifier is not known, the instructions must include an equivalent identifying number of the Shareholder(s)
or account(s) or other agreed upon information to which the instruction relates.

Company agrees to transmit the Transaction Information on its books and records to the Fund promptly, but in any event not later than seven (7) business days, or as otherwise agreed to by the Parties, after receipt of a Request. The format for the Transaction Information provided to the Fund (either daily or as part of a Request) shall be via file transfer protocol (FTP) formal or other agreed upon method.

lf requested by a Fund in writing, Company agrees to use best efforts to determine whether any specific Shareholder about whom it has Transaction Information is itself a financial Company ("Indirect Company") and, upon further request by a Fund, to promptly either (i) provide (or arrange to have provided) the Transaction Information for those Shareholders who hold an account with an Indirect Company, or (ii) restrict or prohibit the Indirect Company from purchasing, in nominee name on behalf of others, Shares of the Fund. Company additionally agrees to inform the Fund whether it plans to perform (i) or (ii).

&nbsp;&nbsp;&nbsp;&nbsp;e. Limitations on Use of Information. The Fund agrees not to use the information received
pursuant to this Agreement for any purpose other than as necessary to comply with the provisions of the Rule without prior written consent of Company, or for any purpose not permitted under the privacy provisions of Title V of the GrammLeachBliley
Act (Public Law 106 102) and comparable state laws.

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&nbsp;&nbsp;&nbsp;&nbsp;f. Agreement to Restrict Trading. Company agrees to execute written instructions from a Fund
to restrict or prohibit further purchases or exchanges of Shares by a Shareholder that has been identified by the Fund as having engaged in transactions of the Fund's Shares (directly or indirectly through the Company's Account) that
violate Fund Policies.

Any such restrictions or prohibitions shall only apply to Shareholder-Initiated Transfer Purchases or Shareholder-Initiated Transfer Redemptions as set forth in Section 2. Company will execute such instructions with respect to the Shareholder, but only for the Contract through which such transactions in the Fund's shares occurred in violation of the Fund's Policies.

&nbsp;&nbsp;&nbsp;&nbsp;g. Form of Instructions. Company agrees to execute written instructions from the Fund, or
Fund's designee, to restrict or prohibit further purchases or exchanges of Shares or take such other action as requested by the Fund, or Fund's designee, for a Shareholder that has been identified by the Fund, or Fund's designee, as
having engaged in transactions of the Fund's Shares (directly or indirectly through the Intermediary's account) that violate policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the
outstanding Shares issued by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;h. Timing of Response. Company agrees to execute instructions as soon as reasonably
practicable, but not later than seven (7) business days, or as otherwise agreed to by the Parties, after receipt of the instructions by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;i. Confirmation by Company. Company will provide written confirmation regarding any
instructions executed on behalf of T. Rowe Price pursuant to this Agreement. The confirmation will be provided via FTP format as soon as reasonably practicable, but not later than ten (10) business days, or as otherwise agreed to by the
Parties, after the instructions have been executed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Change of Control.

At the time of entering into this Agreement, American International Group ("AIG") has a controlling interest of the parent company of the Company. AIG intends to transfer a "controlling" block of outstanding voting securities of the Company's parent company (the "Divestment") within the meaning of Section 2(a)(4) of the Investment Company Act of 1940 (the "1940 Act") and, as a result, the Company will no longer be a "controlled company" of AIG within the meaning of the 1940 Act (the "Change of Control"). T. Rowe Price hereby consent to any "assignment" of this Agreement that is deemed to have occurred as a result of the Change of Control. Further, the Fund hereby consents to any future assignments that may occur as the result of the sale of a controlling block of securities by AIG of the Company's parent company to a new controlling company, so long as such assignment occurs during the Divestment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Choice of Law

For purposes of this Agreement, the applicable state law in Article VIII, Section 8.1 of Exhibit A under which this Agreement shall be construed shall be the laws of the State of ew York instead of the laws of the State of Texas.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Notices

The notification addresses for the Company in Article X of Exhibit A are deleted and replaced in their entirety as follows:

If to the Company:

The United States Life Insurance Company in the City of New York

Attn: Johnpaul S. Van Maele

Assistant General Counsel 2919

Allen Parkway, L4-0 I

Houston, TX 77019

Email: <u>saamcolegal@corebridgefinancial.com</u>

If to Transfer Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Services, Inc.

4515 Painters Mill Boulevard

Owings Mills, Maryland 21117

If to Underwriter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Investment Services, Inc.

4515 Painters Mill Boulevard

Owings Mills, Maryland 21117

Email: <u>Legal-US Intermediary Distribution Team@troweprice.com</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. New Schedules

Schedules A, B, C and D of Exhibit A are hereby deleted in their entirety and replaced with Schedules A, B, C and D attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. This Agreement shall be interpreted consistent with the intent of the Parties which is to create a fully separate agreement among the Parties in respect of investment(s) by the Company, on behalf of the Accounts, in shares of Funds of T. Rowe Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Counterparts and Delivery. This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument. A signed copy of this Amendment delivered by facsimile or by emailing a copy in pdf form shall be treated as an original and shall bind all Parties just as would the exchange of originally signed copies.

*(signature page follows)* 

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

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| | |
|:---|:---|
| THE UNITED STATES LIFE INSURANCE COMPANY | THE UNITED STATES LIFE INSURANCE COMPANY |
| IN THE CITY OF NEW YORK | IN THE CITY OF NEW YORK |
| By: | ![LOGO](g934124page009a.jpg) |
|  | <br> Baruara Kayll |
|  | Vice President, Business Case Development |
| T. ROWE PRICE INVESTMENT SERVICES, INC. | T. ROWE PRICE INVESTMENT SERVICES, INC. |
| By: | ![LOGO](g934124dsp075.jpg) <br>|
|  | William Presley |
|  | Vice President |
| T. ROWE PRICE SERVICES, INC. | T. ROWE PRICE SERVICES, INC. |
| By: | ![LOGO](g934124dsp075.jpg) <br>|
|  | William Presley |
|  | Vice President |
| T. ROWE PRICE ASSOCIATES, INC. | T. ROWE PRICE ASSOCIATES, INC. |
| By: | ![LOGO](g934124dsp075.jpg) <br>|
|  | William Presley |
|  | Vice President |

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<u>SCHEDULE A</u> 

**<u>SEPARATE ACCOUNT(S)</u>**

USL Separate Account RS

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<u>SCHEDULE B</u> 

**<u>CONTRACTS</u>**

Portfolio Director Series

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<u>SCHEDULE C</u> 

**<u>FUND(S) AVAILABILE UNDER THE CONTRACTS</u>**

**T. ROWE PRICE RETIREMENT FUNDS, Inc. (Advisor Class)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Retirement 2015 Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Retirement 2020 Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Retirement 2025 Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Retirement 2030 Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Retirement 2035 Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Retirement 2040 Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Retirement 2045 Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Retirement 2050 Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Retirement 2055 Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Retirement 2060 Fund

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<u>SCHEDULED</u> 

**Investor Trading Policy** 

The United States Life Insurance Company in the City of New York ("USL") has a policy to discourage excessive trading and market timing. Our investment options are not designed to accommodate short-term trading or "market timing" organizations, or individuals engaged in certain trading strategies, such as programmed transfers, frequent transfers, or transfers that are large in relation to the total assets of a mutual fund. These trading strategies may be disruptive to mutual funds by diluting the value of the fund shares, negatively affecting investment strategies and increasing portfolio turnover. Excessive trading also raises fund expenses, such as recordkeeping and transaction costs, and harms fund performance.

Accordingly, USL implemented certain policies and procedures intended to hinder short-term trading. If an investor sells fund shares valued at $5,000 or more, whether through an exchange, transfer, or any other redemption, the investor will not be able to make a purchase of $5,000 or more in that same fund for 30 calendar days.

This policy applies only to investor-initiated trades of $5.000 or more, and does not apply to the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Plan-level or employer-initiated transactions;

&nbsp;&nbsp;&nbsp;&nbsp;• Purchase transactions involving transfers of assets or rollovers;

&nbsp;&nbsp;&nbsp;&nbsp;• Retirement plan contributions, loans, and distributions (including hardship
withdrawals);

&nbsp;&nbsp;&nbsp;&nbsp;• Roth IRA conversions or IRA recharacterizations;

&nbsp;&nbsp;&nbsp;&nbsp;• Systematic purchases or redemptions;

&nbsp;&nbsp;&nbsp;&nbsp;• Systematic account reallocations and/or rebalancing; or

&nbsp;&nbsp;&nbsp;&nbsp;• Trades of less than $5,000.

As described in a fund's prospectus or other disclosure documents, in addition to the above, fund purchases, transfers and other redemptions may be subject to other investor trading policies, including redemption fees, if applicable. Certain funds may set limits on transfers in and out of a fund within a set time period in addition to or in lieu of the policy above. Also, an employer's benefit plan may limit an investor's rights to transfer.

We intend to enforce these investor trading policies uniformly. We make no assurances, however, that all the risks associated with frequent trading will be completely eliminated by these policies and/or restrictions. If we are unable to detect or prevent market timing activity, the effect of such activity may result in additional transaction costs for the investment options and dilution of long-term performance returns. Thus, an investor's account value may be lower due to the effect of the extra costs and resultant lower performance. We reserve the right to modify these policies at any time.

Last updated: October 10, 2024

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**Exhibit A** 

**<u>PARTICIPATION AGREEMENT</u>**

**among** 

**T. ROWE PRICE INVESTMENT SERVICES, INC.,** 

**T. ROWE PRICE SERVICES, INC.,** 

**and** 

**T. ROWE PRICE ASSOCIATES, INC.** 

**and** 

**THE VARIABLE ANNUITY LIFE INSURANCE COMPANY** 

THIS AGREEMENT, made and entered into as of this 1**<sup>st</sup>** day of December, 2014 by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY, (hereinafter the "Company"), organized under the laws of the State of Texas, on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A hereto as such schedule may be amended from time to time (each such account hereinafter referred to as the "Account"), and T. ROWE PRICE INVESTMENT SERVICES, INC., a Maryland corporation ("Underwriter"), T. ROWE PRICE SERVICES, INC., a Maryland corporation (Transfer Agent"), and T. ROWE PRICE ASSOCIATES, INC. (hereinafter the "Adviser"), a Maryland corporation (Underwriter, Transfer Agent and Adviser collectively, "T. Rowe Price").

WHEREAS, the T. Rowe Price funds engage in business as open-end management investment companies (individually a "Fund", collectively the "Funds") and are available to act as an investment vehicle for separate accounts established for variable life insurance policies and variable annuity contracts to be offered by insurance companies; and

WHEREAS, the Funds are registered as open-end management investment companies under the Investment Company Act of 1940, as amended (the "1940 Act") and the shares are registered under the Securities Act of 1933, as amended (hereinafter the "1933 Act"); and

WHEREAS, certain Funds have issued an Advisor Class of shares ("Advisor Class"); and

WHEREAS, the Fund intends to offer the Advisor Class of shares as set forth on Schedule C, as may be amended from time to time by mutual agreement of the parties hereto; under this Agreement to the Accounts of the Company; and

WHEREAS, the Underwriter is registered as a broker-dealer with the Securities Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as amended, and is a member in good standing of the Financial Industry Regulatory Authority ("FINRA"); and

WHEREAS, the Transfer Agent is the registered transfer agent of the Funds; and

WHEREAS, the Adviser is duly registered as an investment adviser under the Investment Advisers Act of 1940; and

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WHEREAS, the Company has registered or will register certain variable annuity contracts under the 1933 Act (the "Contracts", as defined in Section I .4 hereto); and

WHEREAS, each Account is a duly organized, validly ex1stmg segregated asset account, established by resolution of the Board of Directors of the Company, on the date shown for such Account on Schedule A hereto, to set aside and invest assets attributable to one or more Contracts; and

WHEREAS, the Company has registered or will register each Account as a unit investment trust under the 1940 Act; and

WHEREAS, to the extent permitted by applicable insurance laws and regulations, the Company intends to purchase shares in the Fund at net asset value on behalf of each Account to fund certain of the aforesaid Contracts; and

NOW THEREFORE, in consideration of their mutual promises, the Company and, the Fund agree as follows:

**ARTICLE I. Sale of Fund Shares** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 T. Rowe Price agrees to make available to the Company those shares of the Fund which each Account orders, executing such purchase and/or redemption orders on a daily basis at the net asset value next computed after receipt by the Fund or its designee of the order for the shares of the Fund. For purposes of this Section 1.1, the Company shall be the designee of the Fund for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order on any Business Day by 4:00 p.m. Eastern Time or such other time that the New York Stock Exchange (NYSE) is open and the Fund receives notice of such order by 8:00 a.m. Eastern time on the next following Business Day ("Trade Date + I"). In placing orders with the Fund, the Company shall net all purchases and redemptions into one order request; the Company will not place two separate orders with the Fund. "Business Day" shall mean any day on which the NYSE is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 T. Rowe Price agrees to make shares of the Fund available for purchase at the applicable net asset value per share by the Company and its Accounts on those days on which the Fund calculates its net asset value pursuant to rules of the SEC and the Fund shall use reasonable efforts to calculate such net asset value on each day which the NYSE is open for trading. Notwithstanding the foregoing, the Fund may refuse to offer shares to any person, or suspend or terminate the offering of its shares as authorized in the Fund's current registration statement. To the maximum extent permissible and practicable, notice of election to suspend or terminate shall be furnished in writing, by the Fund. Absent extraordinary circumstances, said termination would be effective no earlier than ten (I 0) Business Days after receipt of such notice by the Company in order to give the Company sufficient time to take appropriate steps in response to such suspension or termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 Redemption proceeds shall be wired to the Company within three (3) Business Days or such longer period permitted by the 1940 Act or the rules, orders or regulations thereunder, and, if practicable, the Fund shall notify the person designated in writing by the Company as the recipient for such notice of such delay by 3:00 p.m. Central time the same Business Day that the Company transmits the redemption order to the Fund. The Parties recognize the impact to the Company and its Contract owners of failing to satisfy redemption requests in cash and recognize that the need to redeem in kind would only occur in extraordinary circumstances. If such a circumstance were to occur, the Trust will use best efforts to satisfy redemption proceeds solely in cash, in accordance with applicable law.

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Notwithstanding anything to the contrary, the Fund reserves the right to make redemptions in kind if the Adviser determines extraordinary circumstances require such an election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 The Company agrees to purchase and redeem the shares of the Fund in accordance with the provisions of this Agreement and the Fund's then current prospectus and statement of additional information. In the event of a conflict between this Agreement and the Fund's prospectus or statement of additional information, the Fund's prospectus and statement of additional information shall control. The Company agrees that all net amounts available under the variable annuity contracts listed on Schedule B attached hereto and incorporated herein by this reference, as such Schedule B may be amended from time to time hereafter by mutual written agreement of all the parties hereto, (the "Contracts") shall be invested in the Fund, in such other Funds advised by the Adviser as may be mutually agreed to in writing by the parties hereto, in the Company's general account, or in an investment company other than the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5 The Company shall pay for Fund shares on Trade Date + 1 in accordance with the provisions of Section 1.1 hereof. Payment shall be in federal funds transmitted by wire. For purpose of Section 2.10 and 2.11, upon receipt by the Fund of the federal funds so wired, such funds shall cease to be the responsibility of the Company and shall become the responsibility of the Fund. If payment is not received by Fund by the close of business on Trade Date + 1, Transfer Agent shall have the right to cancel the purchase in the Fund and hold the Company responsible for any losses, charges, costs, fees, interest, or other expenses incurred by Transfer Agent or the Funds in connection with any advances to, or borrowings or overdrafts, or any similar expense or loss incurred by the Funds, as a result of portfolio transactions effected by the Funds based upon such purchase orders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6 Issuance and transfer of the Fund's shares will be by book entry only. Stock certificates will not be issued to the Company or any Account. Shares ordered from the Fund will be recorded in an appropriate title for each Account or the appropriate subaccount of each Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7 T. Rowe Price shall provide written notification, which may include email communication, to the Company of any income, dividends or capital gain distributions payable on the Fund's shares. Notwithstanding this Section 1.7, T. Rowe Price shall utilize its best efforts to provide the Company with at least ten (10) Business Days advance notice of any forthcoming dividend or capital gain distributions. The Company hereby elects to receive all such income dividends and capital gain distributions as are payable on the Fund shares in additional shares of the Fund. The Company reserves the right to revoke this election and to receive all such income dividends and capital gain distributions in cash. T. Rowe Price shall notify the Company of the number of shares so issued as payment of such dividends and distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8 T. Rowe Price shall make the Funds' net asset value per share available to the Company on a daily basis as soon as reasonably practical after the net asset value per share is calculated and shall use its best efforts to make such net asset value per share available by 7:00 p.m. Eastern time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9 Any material error in the calculation or reporting of a Fund's net asset value per share, dividend or capital gain information triggering a material impact to the Fund, shall be reported reasonably promptly upon discovery by T. Rowe Price to the Company. If the Fund provides the Company with materially incorrect net asset value information, through no fault of the Company, the Company shall be entitled to (I) an adjustment with respect to the Fund shares purchased or redeemed to reflect the correct net asset value per share ("Adjustment") and (2) reimbursement of out-of-pocket expenses, up to $30,000 per pricing error occurrence, incurred by the Company in connection with the Company's responsibility to adjust any plan participant's account value affected by the materially incorrect net asset value; provided, the Company adjusts all Contract owner and plan participant's accounts invested in the Account and nets Contract owner gains with losses. Any necessary Adjustment hereunder shall be made or paid as

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applicable no later than fifteen (15) Business Days, if reasonably practicable, after the receipt of notice from T. Rowe Price; provided however, that the Company shall not be required to repay an overpayment forwarded to a plan participant that is no longer a client of the Company. The determination of materiality of any net asset value pricing error shall be based on the SEC's recommended guidelines regarding such errors. Any material error in the calculation or reporting of net asset value per share, dividend or capital gain information shall be reported promptly upon discovery by the Fund to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10 The Fund shall provide written notification, which may include email communication, to the Company of the amount of shares traded and the associated net asset value total trade amount and the outstanding share balances held in the Account(s) as of the end of each Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.11 The Company agrees that purchases and redemptions of Fund shares offered by the then current prospectus and statement of additional information of the Fund shall be made in accordance with the provisions of the prospectus and statement of additional information provided, however, that the Company will apply its frequent trading policy described in and attached as Schedule D to this Agreement to Contract owners investing in the shares of the Fund. Schedule D may be amended by the Company from time to time with the consent of the Transfer Agent, which consent shall not be unreasonably withheld or delayed provided that such amendment is no less restrictive than the Company's existing frequent trading policy.

**ARTICLE II. <u>Representations</u> and Warranties** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 **Representations of the Company.** The Company represents and warrants that

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it is an insurance company duly organized and in good standing under applicable law and that it has legally and validly established each Account prior to any issuance or sale thereof as a segregated asset account under the Insurance Code of the State of Texas and has registered or, prior to any issuance or sale of the Contracts, will register each Account as a unit investment trust in accordance with the provisions of the 1940 Act to serve as a segregated investment account for the Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contracts are or will be registered under the 1933 Act; that the Contracts will be issued and sold in compliance in all material respects with all applicable federal and state laws and that the sale of the Contracts shall comply in all material respects with state insurance suitability requirements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) it will maintain errors and omissions or other professional liability insurance coverage with coverage limits in amounts standard in the industry, covering its activities as contemplated by this Agreement. The Company shall provide any party to this Agreement with evidence of insurance coverage upon request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) it has adopted an Anti-Money Laundering Program as required by the USA PATRIOT Act, which includes development of internal policies, procedures and controls to detect and prevent money laundering and that investments in the Funds is within the scope of its AML Program. Company also represents and warrants that with respect to accounts held in the Funds, it is an exempt entity as defined under Section 326 of the Patriot Act (Customer Identification Rule) and accordingly is not a "customer" or "account" of the Funds. If Company is not an exempt entity under Section 326, it agrees to submit documents requested by Transfer Agent to allow it to verify the existence of the Company's identity. Company also agrees to comply with economic sanction programs administered by the U.S. Treasury Department's Office of Foreign Asset Control ("OFAC"). Company certifies that it has OFAC

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compliance programs in place which includes: (l) procedures for checking customer names and, to the extent required, persons with signature authority over accounts against the OFAC lists of sanctioned governments and specially designated nationals, terrorists and drug traffickers and (2) screening of wire transfers and other payments against the OFAC lists. Company also agrees to comply with all applicable laws, statues, regulations and codes relating to anti-bribery and anti-corruption, including but not limited to the Foreign Corrupt Practices Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 **Representations of the Adviser.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Adviser represents and warrants that Fund shares sold pursuant to this Agreement shall be registered under the 1933 Act, duly authorized for issuance and sold in compliance with all applicable federal and state securities laws and that the Fund is and shall remain registered under the 1940 Act. The Adviser shall amend the Fund's Registration Statement for its shares under the 1933 Act and the 1940 Act from time to time as required in order to effect the continuous offering of its shares. The Adviser shall register and qualify the shares for sale in accordance with the laws of the various states only if and to the extent deemed advisable. The Adviser makes no representations as to whether any aspect of the Fund's operations, including but not limited to, investment policies, fees, and expenses, complies with the insurance and other applicable laws of the various states.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Adviser represents that, under the terms of its investment advisory agreements with the Fund, the Adviser is and will be responsible for managing the Fund in compliance with the Fund's investment objectives, policies and restrictions as set forth in the Fund Prospectus. The Adviser represents that these objectives, policies and restrictions do and will include that the Fund is operating as a regulated investment company ("RIC") in compliance with Subchapter M of the Code and regulations thereunder. The Adviser further represents that the Fund has adopted and will maintain procedures to make every effort to ensure that the Fund is managed in compliance with Subchapter M and regulations thereunder. On request, the Fund shall also provide the Company with such cooperation and assistance as may be reasonably necessary for the Company or any appropriate person designated by the Company to review from time to time a summary of the procedures and practices of the Adviser for ensuring that the Fund is managed in compliance with Subchapter M and regulations thereunder. In the event of any noncompliance regarding its status as a RIC, the Adviser shall notify the Company immediately and shall pursue those efforts necessary to enable each affected series of the Fund to qualify once again for treatment as a RIC in compliance with Subchapter M, including cooperation in good faith with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Adviser represents that it seeks to ensure that the Fund's investment policies, fees and expenses are and shall at all times remain in compliance with applicable federal and state laws, and seeks to remain in material compliance with applicable federal and state laws to the extent required to perform this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Adviser represents that the Fund is lawfully organized and validly existing under applicable laws and that it does and will comply in all material respects with the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Adviser represents and warrants that all of their directors, officers, employees, and other individuals/entities dealing with the money or securities of the Fund are and shall continue to be at all times covered by a blanket fidelity bond or similar coverage for the benefit of the Fund in an amount not less than the minimal coverage as required currently by Rule l 7g-(1) of the 1940 Act or related provisions as may be promulgated from time to time. The aforesaid Bond shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Adviser represents and warrants that it is and shall remain duly registered in all material respects under all applicable federal laws and that it shall perform its obligations for the Fund in compliance in all material respects any applicable state and federal securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Adviser represents and warrants that it is registered as an investment adviser under federal securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) For each Fund that meets the requirements of Section l.8l7-5(f)(2)(i) of the regulations under the Internal Revenue code of 1986, as amended, (the "Code"), the Adviser represents and warrants that it will use commercially reasonably efforts to comply and maintain such Fund's compliance with the diversification requirements set forth in Section 8l7(h) of the Code and Section 1.817-5 of the regulations under the Code. The Adviser will notify the Company immediately upon having a reasonable basis for believing that such Fund has ceased to so comply or that such Fund might not so comply in the future. In the event of a breach of this Section 2.2(h) by such Fund, it will take all reasonable steps to adequately diversify such Fund so as to achieve compliance within the grace period afforded by Section 1.817-5 of the regulations under the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 **Representations of the Transfer Agent/Underwriter.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Transfer Agent and Underwriter each represent and warrant that it has full power and authority to enter into and perform this Agreement and, when executed and delivered, this Agreement shall constitute a valid, legal and binding obligation of the Transfer Agent or Underwriter, enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Transfer Agent and Underwriter each represent and warrant that it is duly qualified and duly authorized to act on behalf of the Fund as contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Transfer Agent and Underwriter shall promptly notify the Company in the event that it is, for any reason, unable to perform any of its obligations under this Agreement.

**ARTICLE III. <u>Prospectuses and Proxy Statements; Voting</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 The Adviser shall provide the Company with as many copies of the Fund's current prospectus as the Company may reasonably request. If requested by the Company in lieu thereof, the Fund shall provide camera-ready film containing the Fund's prospectus and Statement of Additional Information, and such other assistance as is reasonably necessary in order for the Company once each year (or more frequently if the prospectus and/or Statement of Additional Information for the Fund is amended during the year) to have the prospectus for the Contracts and the Fund's prospectus printed together in one document, and to have the Statement of Additional Information for the Fund and the Statement of Additional Information for the Contracts printed together in one document. Alternatively, the Company may print the Fund's prospectus and/or its Statement of Additional Information in combination with other Fund companies' prospectuses and statements of additional information or place the Fund's Prospectus and Statement of Additional Information on the Company's internet website or other electronic media. For Fund prospectuses and Statements of Additional Information provided by the Company to its existing owners of Contracts, who are invested in the Fund on or about the date of the Fund's then-current prospectus, in order to update disclosure as required by the 1933 Act and/or the 1940 Act, the cost of printing shall be borne by the Fund. If the Company chooses to receive camera-ready film in lieu of receiving printed copies of the Fund's prospectus, the Fund will reimburse the Company in an amount equal to the product of A and B where A is the number of such prospectuses distributed to owners of the Contracts, and B is the Fund's per unit cost of typesetting and printing the Fund's

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prospectus, provided such reimbursement does not exceed the Fund's cost to typeset and print its own prospectus and Statement of Additional Information. The same procedures shall be followed with respect to the Fund's Statement of Additional Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 The Fund's prospectus shall state that the Statement of Additional Information for the Fund is available upon request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 The Adviser, at its expense, shall provide the Company with copies of Fund reports to shareholders, and other communications to shareholders in such quantity as the Company shall reasonably require for distribution to Contract owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 To the extent that the SEC interprets the 1940 Act to require pass-through voting privileges for variable Contract owners: (a) the Company will provide pass-through voting privileges to Contract owners whose cash values are invested, through the Account, in shares of the Fund; and (b) with respect to each Account, the Company will vote shares of the Fund held by the Account and for which no timely voting instructions from Contract owners or plan participants are received, as well as shares held by the Separate Account that are owned by the Company for their general accounts, in the same proportion as the Company votes shares held by the Account for which timely voting instructions are received from Contract owners and plan participants.

Upon notification of an upcoming proxy mailing or information statement (or mailing of any other non-routine materials, if requested), the Company shall provide to the Fund's print/mail vendor a list of plan and/or Contract owner addresses, as appropriate, as of the requested record date for inclusion in the mailing. Unless otherwise provided in the plan document or by the plan sponsor, plan participants and Contract owners will be responsible for voting all proxies. Non-routine materials such as prospectus supplements and proxy or information statement materials shall be printed and distributed at the expense of the Fund or an affiliate.

**ARTICLE IV. Sales Material and Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 The Company shall furnish, or shall cause to be furnished, to the Underwriter or its designee, each piece of sales literature or other promotional material in which the Fund or the Adviser is named, at least fifteen (15) Business Days prior to its use. No such material shall be used if the Underwriter or its designee object to such use within fifteen (15) Business Days after receipt of such material. The Underwriter, the Adviser, or the designee of either reserves the right to reasonably object to the continued use of any such sales literature or other promotional material in which the Fund or the Adviser is named, and no such material shall be used if the Fund, the Adviser, or the designee of either so objects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 The Company shall not give any information or make any representations or statements on behalf of the Fund or concerning the Fund in connection with the sale of the Contracts other than the information or representations contained in the registration statement or prospectus for the Fund shares, as such registration statement and prospectus may be amended or supplemented from time to time, or in reports or proxy statements for the Fund, or in sales literature or other promotional material approved by the Fund or its designee or by the Underwriter, except with the permission of the Fund or the Adviser or the designee of either.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 The Underwriter, the Adviser, or the designee of either shall furnish, or shall cause to be furnished, to the Company or its designee, each piece of sales literature or other promotional material in which the Company or its Account(s), is named at least fifteen (15) Business Days prior to its use. No such material shall be used if the Company or its designee object to such use within fifteen (15) Business

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Days after receipt of such material. Notwithstanding that the Company did not initially object, the Company reserves the right to object at any time thereafter to the continued use of any such sales literature or other promotional material in which the Company is named, and no such material shall be used thereafter if the Company so objects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 The Underwriter and the Adviser shall not give any information or make any representations on behalf of the Company or concerning the Company, each Account, or the Contracts other than the information or representations contained in a registration statement or prospectus for the Contracts, as such registration statement and prospectus may be amended or supplemented from time to time, or in published reports for each Account which are in the public domain or approved by the Company for distribution to Contract owners, or in sales literature or other promotional material approved by the Company or its designee, except with the permission of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 The Underwriter will promptly provide to the Company at least one complete copy of all of the Fund's public registration statements, prospectuses, summary prospectuses, Statements of Additional Information (SAI), shareholder reports, proxy statements, no-action letters and, notices of exemptive orders, and notices, orders or responses relating thereto, and all supplements and amendments to any of the above, that relate to the Fund or its shares, as reasonably practicable following the effective date of such document with, or the issuance of such documents by, the SEC or other regulatory authorities; provided however, that the Fund's prospectus and SAI (and summary prospectus, if requested by the Company) shall not be provided later than the effective date of such filing. Upon request, the Underwriter will promptly provide to the Company at least one complete copy of all sales literature and other promotional materials, and all amendments to any of the foregoing, that relate to the Fund or its shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 Upon request, the Company will provide to the Fund at least one complete copy of all registration statements, prospectuses, Statements of Additional Information, reports, solicitations for voting instructions, sales literature and other promotional materials, applications for exemptions, requests for no-action letters, and notices, orders or responses relating thereto and all supplements and amendments to any of the above, that relate to the Contracts or each Account, contemporaneously with the filing of such document with, or the issuance of such documents by, the SEC or other regulatory authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 For purposes of this Article IV, the phrase "sales literature or other promotional material: includes, but is not limited to, advertisements (such as material published, or designed for use in, a newspaper, magazine, or other periodical, radio, television, telephone or tape recording, videotape display, signs or billboards, motion pictures, telephone directories (other than routine listings), electronic or other public media), sales literature (<u>i.e</u>., any written or electronic communication distributed or made generally available to customers or the public, including brochures, circulars, research reports, market letters, performance reports or summaries, form letters, telemarketing scripts, seminar texts, reprints or excerpts of any other advertisement, sales literature, or published article), educational or training materials or other communications distributed or made generally available to some or all agents or employees, and registration statements, prospectuses, Statements of Additional Information, shareholder reports, and proxy materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 The Adviser will provide the Company with as much notice as is reasonably practicable of any proxy solicitation for the Fund. The Adviser will work with the Company so as to enable the Company to solicit proxies from Contract owners. In addition, the Adviser agrees to provide the Company with as much notice as is reasonably practicable of any material change in the Fund's registration statement, particularly any change that would result in a change to the registration statement or prospectus for any Account.

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**ARTICLE V. <u>Fees and Expenses</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 All expenses incident to performance by T. Rowe Price under this Agreement shall be paid by T. Rowe Price, with the understanding that Fund related expenses may be charged by T. Rowe Price back to the Fund, as applicable. The Adviser shall be responsible for ensuring that all shares are registered and authorized for issuance in accordance with applicable federal law and, if and to the extent deemed advisable by the Fund, in accordance with applicable state laws prior to their sale. T. Rowe Price shall bear the expenses for the cost of registration and qualification of the Fund's shares, preparation and filing of the Fund's prospectus and registration statement, proxy materials and reports, setting the prospectus in type, setting in type and printing the proxy materials and reports to shareholders (including the costs of printing a prospectus that constitutes an annual report), the preparation of all statements and notices required by any federal or state law, all taxes on the issuance or transfer of the Fund's shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 T. Rowe Price shall bear the expense of printing the Fund's prospectus for owners of Contracts, who are invested in the Fund on or about the date of the Fund's then-current prospectus, pursuant to Section 3.1 of this Agreement. The Fund shall also bear the expense of printing the Fund's proxy materials and reports to such Contract owners.

**ARTICLE VI. <u>Foreign</u> <u>Tax</u> <u>Credits</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 For each Fund that meets the requirements of Section 853(a) of the Code, the Fund will make the election thereunder to pass through foreign tax credits to its shareholders unless the Fund determines, in its sole discretion, that the amount of foreign tax credits per share is immaterial.

**ARTICLE VII. <u>Indemnification</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Indemnification By The Company</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company agrees to indemnify and hold harmless T. Rowe Price, the Fund, and each director of the Board and officers (collectively, the "Indemnified Parties" for purposes of this Section 7.1) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of the Company) or litigation (including reasonable legal and other expenses), to which the Indemnified Parties may become subject under any statute, regulation, at common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses (or actions in respect thereof) or settlements are related to the sale or acquisition of the Fund's shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or are based upon any untrue statements or alleged untrue statements of any material fact
contained in the Registration Statement or prospectus for the Contracts or contained in the Contracts or advertisements or sales literature for the Contracts (or any amendment or supplement to any of the foregoing), or arise out of or are based upon
the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified Party if
such statement or omission or such alleged statement or omission was made in reliance upon and in conformity with information furnished to the Company by or on behalf of the Fund for use in the Registration Statement or prospectus for the Contracts
or in the Contracts or advertisements or sales literature

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(or any amendment or supplement) or otherwise for use in connection with the sale of the Contracts or Fund shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or as a result of statements or representations (other than statements or representations
contained in the Registration Statement, prospectus or sales literature of the Fund not supplied by the Company, or persons under its control) or wrongful conduct of the Company or persons under its control, with respect to the sale or distribution
of the Contracts or Fund Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact contained in a Registration
Statement, prospectus, advertisements or sales literature of the Fund or any amendment thereof or supplement thereto or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein not misleading if such a statement or omission was made in reliance upon information furnished to the Fund by or on behalf of the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise as a result of any failure by the Company to provide the services and furnish the materials under the
terms of this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) arise out of or result from any material breach of any representation or warranty made by the Company in
this Agreement or arise out of or result from any other material breach of this Agreement by the Company, as limited by and in accordance with the provisions of Sections 7.1(b) and 7.1(c) hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company shall not be liable under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation incurred or assessed against an Indemnified Party as such may arise from such Indemnified Party's willful misfeasance, bad faith, or negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations or duties under this Agreement or to the Fund, whichever is applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified the Company in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify the Company of any such claim shall not relieve the Company from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, the Company shall be entitled to participate, at its own expense, in the defense of such action. The Company also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from the Company to such party of the Company's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and the Company will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Indemnified Parties will promptly notify the Company of the commencement of any material litigation or proceedings against the Fund in connection with the issuance or sale of the Fund shares or the contracts or the operation of the Fund.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Indemnification by T. Rowe</u> Price

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) T. Rowe Price agrees to indemnify and hold harmless the Company and the principal underwriter for the Contracts and each of their respective directors and officers and the principal underwriter for the Contracts and each person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties" for purposes of this Section 7.2) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of the Adviser) or litigation (including legal and other expenses) to which the Indemnified Parties may become subject under any statute, at common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses (or actions in respect thereof) or settlements are related to the sale or acquisition of the Fund's shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact
contained in the Registration Statement or prospectus or advertisements or sales literature of the Fund (or any amendment or supplement to any of the foregoing), or arise out of or are based upon the omission or the alleged omission to state therein
a material fact required to be stated therein or necessary to make the statements therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified Party if such statement or omission or such alleged statement
or omission was made in reliance upon and in conformity with information furnished to the Adviser by or on behalf of the Company for use in the Registration Statement or prospectus for the Fund or in sales literature (or any amendment or supplement)
or otherwise for use in connection with the sale of the contracts or Trust shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or as a result of statements or representations (other than statements or representations
contained in the Registration Statement, prospectus or sales literature for the Contracts not supplied by the Adviser or persons under its control) or wrongful conduct of the Adviser or persons under their control, with respect to the sale or
distribution of Fund shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact contained in a Registration
Statement, prospectus, advertisements or sales literature covering the Contracts, or any amendment thereof or supplement thereto, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make
the statement or statements therein not misleading, if such statement or omission was made in reliance upon information furnished to the Company by or on behalf of the Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise as a result of any failure by T. Rowe Price to provide the services and furnish the materials under
the terms of this Agreement (including a failure to qualify as a regulated investment company under Subchapter M of the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) arise as a result of the Fund's or T. Rowe Price's (or their designated agent's) (i)
incorrect calculation of the daily net asset value, dividend rate or capital gain distribution rate; (ii) incorrect reporting of the daily net asset value, dividend rate or capital gain distribution rate; or (iii) untimely reporting of the
net asset value, dividend rate or capital gain distribution rate. Any gain accruing to the Company attributable to the Fund's or T. Rowe Price's (or their designated agent's) incorrect calculation or reporting of the daily net asset
value shall be returned to the Fund by the Company upon receipt of notice from the Fund or T. Rowe Price regarding such

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incorrect calculation or reporting; provided, however, any out-of-pocket expenses are limited to the expenses identified in Section 1.9; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) arise out of or result from any material breach of any representation or warranty made by the Fund or the
Adviser in this Agreement or arise out of or result from any other material breach of this Agreement by the Fund or the Adviser; as limited by and in accordance with the provisions of Section 7.2(b) and 7.2(c) hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) T. Rowe Price shall not be liable under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation to which an Indemnified Party would otherwise be subject by reason of such Indemnified Party's willful misfeasance, bad faith, or negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations and duties under this Agreement or to each Company or the Account, whichever is applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) T. Rowe Price shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified T. Rowe Price in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify T. Rowe Price of any such claim shall not relieve T. Rowe Price from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, T. Rowe Price also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from T. Rowe Price to such party of T. Rowe Price's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and T. Rowe Price will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company agrees promptly to notify T. Rowe Price of the commencement of any litigation or proceedings against it or any of its officers or directors in connection with this Agreement, the issuance or sale of the contracts, the operation of each Account, or the sale or acquisition of shares of the Fund.

**ARTICLE VIII. Applicable Law** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 This Agreement shall be construed and the provisions hereof interpreted under and in accordance with the laws of the State of Texas without giving effect to conflict of laws. Each party also hereby irrevocably submits to the exclusive jurisdiction of the courts located in the State of Texas in any proceeding arising out of or relating to this agreement, agrees not to commence any suit, action or proceeding relating thereto except in such courts, and waives, to the fullest extent permitted by law, the right to move to dismiss or transfer any action brought in such court on the basis of any objection to personal jurisdiction or venue. Each party hereby irrevocably consents to the service of process in any such proceeding by the mailing of copies of such process to it at its address set forth in Article X hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 This Agreement shall be subject to the provisions of the 1933 Act, 1934 Act and 1940 Act, and the rules and regulations and rulings thereunder, including such exemptions from those statutes, rules and regulations as the SEC may grant and the terms hereof shall be interpreted and construed in accordance therewith.

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**ARTICLE IX. Termination** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 This Agreement shall continue in full force and effect until the first to occur of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) termination by any party for any reason by one hundred eighty (180) day's advance written notice
delivered to the other parties; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) termination by the Company by written notice to T. Rowe Price and the Adviser based upon the Company's
determination that shares of such Fund are not reasonably available to meet the requirements of the Contracts; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) termination by the Company by written notice to T. Rowe Price in the event the Fund's shares are not
registered, issued or sold in accordance with applicable state or federal law or such law precludes the use of such shares as the underlying investment media of the Contracts issued or to be issued by the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) termination by the Company by written notice to T. Rowe Price in the event that the Fund ceases to qualify
as a RIC under Subchapter M of the Code or under any successor or similar provision, or if the Company reasonably believes that the Fund may fail to do so qualify; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) termination by either the Underwriter, Transfer Agent or the Adviser by written notice to the Company, if
either one or both of the Fund or the Adviser respectively, shall determine, in their sole judgment exercised in good faith, that the Company or its affiliated companies has suffered a material adverse change in its business, operations, financial
condition or prospects since the date of this Agreement or is the subject of material adverse publicity; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) termination by the Company by written notice to the Fund and the Adviser, if the Company shall determine, in
its sole judgment exercised in good faith, that either the Fund or the Adviser has suffered a material adverse change in its business, operations, financial condition or prospects since the date of this Agreement or is the subject of material
adverse publicity; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) termination by any party by written notice upon the institution of formal proceedings against the Company,
the Fund, or the Adviser by the FINRA", the SEC or other regulatory body; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) termination by the Company or the Fund by written notice to the other party upon a determination by the
majority of the Fund's Board that a material irreconcilable conflict exists among the interests of (i) all contract owners of all separate accounts or (ii) the interests of the Participating Insurance Companies; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) termination by any party by advance written notice upon the "assignment" of the Agreement (as
defined under the 1940 Act) unless made with the written consent of each party to the Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) termination by the Company by written notice upon the sale, acquisition or change of control of the Adviser;
or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) termination by the Company arising from the substitution of Fund shares with the shares of another
investment company for the Contracts for which the Fund shares have been selected to serve as the underlying investment medium, subject to compliance with applicable regulations of the SEC, Company will give sixty (60) day's written notice to
the Fund and the Adviser of any proposed action to replace Fund shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) termination by the Company, the Underwriter, Transfer Agent or the Adviser by written notice to the other
parties upon a material breach of the Agreement by the other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <u>Effect of Termination</u>. Notwithstanding any termination of this Agreement and for so long as Fund continues to be available for sale to existing shareholders, the Fund and the Adviser shall at the option of the Company, continue to make available additional shares of the Fund pursuant to the terms and conditions of this Agreement, for all Contracts in effect on the effective date of termination of this Agreement (hereinafter referred to as "Existing Contracts"). Specifically, without limitation, the owners of the Existing Contracts shall be permitted to reallocate investments in the Fund, redeem investments in the Fund or invest in the Fund upon the making of additional purchase payments under the Existing Contracts. All orders for the purchase of shares are subject to acceptance or rejection by T. Rowe Price or the Funds in their sole discretion.

ARTICLE X. <u>Notices</u>

Any notice shall be sufficiently given when sent by registered or certified mail, overnight delivery or facsimile to the other party at the address of such party set forth below or at such other address as such party may from time to time specify in writing to the other party.

If to the Underwriter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Investment Services, Inc.

100 East Pratt Street

Baltimore, MD 21202

With a copy to General Counsel at the same address.

If to the Transfer Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Services, Inc.

100 East Pratt Street

Baltimore, MD 21202

With a copy to General Counsel at the same address.

If to the Adviser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Associates, Inc.

100 East Pratt Street

Baltimore, MD 21202

With a copy to General Counsel at the same address.

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If to the Company:

The Variable Annuity Life Insurance Company

2929 Allen Parkway L13

Houston, TX 77019

Attention: Tom Ward

With a copy to:

The Variable Annuity Life Insurance Company

ATTN: General Counsel

2929 Allen Parkway L4-01

Houston, TX 77019

**ARTICLE XI. Miscellaneous** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 Subject to the requirements of legal process and regulatory authority, each party hereto shall treat as confidential the names and addresses of the owners of the Contracts and all information reasonably identified as confidential in writing by any other party hereto and, except as permitted by this Agreement, shall not disclose, disseminate or utilize such names and addresses and other confidential information until such time as it may come into the public domain without the express written consent of the affected party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 The captions in this Agreement are included for convenience of reference only and in no way define or delineate any of the provisions hereof or otherwise affect their construction or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 This Agreement may be executed simultaneously in two or more counterparts, each of which taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of the Agreement shall not be affected thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5 Each party hereto shall cooperate with each other party and all appropriate governmental authorities having jurisdiction over them (which may include but not be limited to the SEC and state insurance regulators) and shall permit such authorities reasonable access to its relevant non-privileged books and records in connection with any investigation or inquiry relating to this Agreement or the transactions contemplated hereby to the extent practicable and except where a party's respective interests are adverse to or in conflict with another party's interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6 The rights, remedies and obligations contained in this Agreement are cumulative and are in addition to any and all rights, remedies and obligations, at law or in equity, which the parties hereto are entitled to under state and federal laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.7 This Agreement or any of the rights and obligations hereunder may not be assigned by any party without the prior consent of all parties hereto; provided, however, that the Adviser may assign this Agreement or any rights or obligations hereunder to any affiliate of or company under common control with the Adviser if such assignee is duly organized, licensed and registered to perform the obligations of the Adviser under this Agreement.

------

<u>Schedule</u> A

<u>Accounts</u> 

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; <br> Name of Account | <br> Date of Resolution of Company's Board which<br> Established the Account |
| &nbsp;&nbsp;&nbsp; The Variable Annuity Life Insurance Company Separate Account A | April 18, 1979 |

---

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<u>Schedule B</u> 

<u>Contracts</u> 

Portfolio Director Series

------

<u>Schedule C</u> 

<u>Series</u> 

T. Rowe Price Retirement 2015 Fund (Advisor Class)

T. Rowe Price Retirement 2020 Fund (Advisor Class)

T. Rowe Price Retirement 2025 Fund (Advisor Class)

T. Rowe Price Retirement 2030 Fund (Advisor Class)

T. Rowe Price Retirement 2035 Fund (Advisor Class)

T. Rowe Price Retirement 2040 Fund (Advisor Class)

T. Rowe Price Retirement 2045 Fund (Advisor Class)

T. Rowe Price Retirement 2050 Fund (Advisor Class)

T. Rowe Price Retirement 2055 Fund (Advisor Class)

T. Rowe Price Retirement 2060 Fund (Advisor Class)

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Schedule D

Investor Trading Policy

VALIC has a policy to discourage excessive trading and market timing. Our investment options are not designed to accommodate short-term trading or "market timing" organizations, or individuals engaged in certain trading strategies, such as programmed transfers, frequent transfers, or transfers that are large in relation to the total assets of a mutual fund. These trading strategies may be disruptive to mutual funds by diluting the value of the fund shares, negatively affecting investment strategies and increasing portfolio turnover. Excessive trading also raises fund expenses, such as recordkeeping and transaction costs, and harms fund performance.

Accordingly, VALIC implemented certain policies and procedures intended to hinder short-term trading. If an investor sells fund shares valued at $5,000 or more, whether through an exchange, transfer, or any other redemption, the investor will not be able to make a purchase of $5,000 or more in that same fund for 30 calendar days.

This policy applies only to investor-initiated trades of $5,000 or more, and does not apply to the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Plan-level or employer-initiated transactions;

&nbsp;&nbsp;&nbsp;&nbsp;• Purchase transactions involving transfers of assets or rollovers;

&nbsp;&nbsp;&nbsp;&nbsp;• Retirement plan contributions, loans, and distributions (including hardship withdrawals);

&nbsp;&nbsp;&nbsp;&nbsp;• Roth IRA conversions or IRA recharacterizations;

&nbsp;&nbsp;&nbsp;&nbsp;• Systematic purchases or redemptions;

&nbsp;&nbsp;&nbsp;&nbsp;• Systematic account rebalancing; or

&nbsp;&nbsp;&nbsp;&nbsp;• Trades of less than $5,000.

As described in a fund's prospectus and statement of additional information, in addition to the above, fund purchases, transfers and other redemptions may be subject to other investor trading policies, including redemption fees, if applicable. Certain funds may set limits on transfers in and out of a fund within a set time period in addition to or in lieu of the policy above. Also, an employer's benefit plan may limit an investor's rights to transfer.

We intend to enforce these investor trading policies uniformly. We make no assurances, however, that all the risks associated with frequent trading will be completely eliminated by these policies and/or restrictions. If we are unable to detect or prevent market timing activity, the effect of such activity may result in additional transaction costs for the investment options and dilution of long-term performance returns. Thus, an investor's account value may be lower due to the effect of the extra costs and resultant lower performance. We reserve the right to modify these policies at any time.

*VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries VALIC Financial Advisors, Inc. and VALIC Retirement Services Company.* 

Last updated: April 8, 2009

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**AMENDMENT TO PARTICIPATION AGREEMENT** 

Regarding

**FUND SHAREHOLDER REPORTS** 

This Amendment (the "Amendment") is entered into as of January 1, 2021, by and among **The Variable Annuity Life Insurance Company** (the "Company") on its own behalf and on behalf of each separate account of the Company as set forth on Schedule A, as may be amended from time to time (individually and collectively the "Accounts"), and **T. Rowe Price Investment Services, Inc.,** a Maryland corporation ("Underwriter"), and **T. Rowe Price Services, Inc.,** a Maryland corporation ("Transfer Agent") and **T. Rowe Price Associates, Inc.** ("Adviser"), a Maryland corporation (Underwriter, Transfer Agent and Adviser collectively, "T. Rowe Price"). T. Rowe Price funds engage in business as open-ended management investment companies (individually a "Fund", collectively the "Funds").

**RECITALS** 

WHEREAS, the Company, the Underwriter, the Transfer Agent, and the Adviser (collectively, the "Parties") have entered into a certain Participation Agreement dated as of December 1, 2014 (the "Participation Agreement"); and

WHEREAS, pursuant to the Participation Agreement among the Parties, the Company invests in shares of certain of the portfolios of the Fund (the "Portfolios") as a funding vehicle for the Accounts that issue variable annuity and/or life insurance contracts (the "Variable Contracts") to persons that are registered owners of such Variable Contracts on the books and records of the Company (the "Contract Owners"); and

WHEREAS, the Fund maintains on its books and records one or more account(s) that hold and record shares of the Portfolios owned by the Company on behalf of the Accounts; and

WHEREAS, the Accounts are registered as unit investment trusts under the Investment Company Act of 1940, as amended (the "1940 Act"); and

WHEREAS, the Accounts and/or the Company have certain obligations pursuant to Rule 30e-2 under the 1940 Act to deliver Fund shareholder reports to Contract Owners, which obligations may be satisfied by compliance with Rule 30e-3 under the 1940 Act ("Rule 30e-3" or "the Rule"); and

WHEREAS, the Parties desire to supplement and amend the Participation Agreement to reflect and implement the requirements, terms and conditions of Rule 30e-3 so as to satisfy the Accounts' and the Company's obligations under Rule 30e-2 and enable them to rely on Rule 30e- 3;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Parties hereby agree to supplement and amend the Participation Agreement as follows:

**1. Maintaining Website; Posting and Availability of Fund Shareholder Reports and Other Required Materials**. The Fund (or its affiliates on its behalf) shall be responsible for and shall fulfill the website posting and other requirements and obligations specified in paragraph (b) of Rule 30e-3, as amended from time to time. Without limiting the generality of the foregoing:

**(a).** The Fund (or its affiliates on its behalf) shall ensure that, as specified in paragraph (b)(1) of Rule 30e- 3, the following Fund materials are posted to a website address specified by the Fund (the "Specified Website"), and are publicly accessible and free of charge on the Specified Website: (i) *Current Report to*

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 *Shareholders*; (ii) *Prior Report to Shareholders*; (iii) *Complete Portfolio Holdings From Reports Containing a Summary Schedule of Investments*; and (iv) *Portfolio Holdings For Most Recent First and Third Fiscal Quarters*; all of (i) through (iv) to be as specified in paragraph (b)(1) of Rule 30e- 3 (items (i) through (iv) collectively, the "Required Materials");

**(b).** The Fund (or its affiliates on its behalf) shall ensure that the Required Materials are presented on the Specified Website in a format, or formats, that are convenient for both reading online and printing on paper (in accordance with paragraph (b)(3) of Rule 30e-3);

**(c).** The Fund (or its affiliates on its behalf) shall ensure that persons accessing the Required Materials are able to permanently retain, free of charge, an electronic version of the Required Materials in a format, or formats, that meet the conditions of paragraph (b)(3) of Rule 30e-3 (in accordance with paragraph (b)(4) of Rule 30e-3);

**(d).** The Fund (or its affiliates on its behalf) shall ensure that the Required Materials are posted at the Specified Website when required by Rule 30e-3, and kept current (up-to-date) and posted for the duration or period required by Rule 30e-3;

**(e).** Compliance by the Fund and the Underwriter with the "safe harbor" provisions, terms and conditions of paragraph (b)(5) of Rule 30e-3 shall constitute compliance with subsections (a) through (d) of this section 1 of this Amendment (for this purpose, the "Company" referred to in said paragraph (b)(5) of Rule 30e-3 means the Fund); and

**2. Content of Required Materials.** The Fund shall be responsible for the content of the Required Materials as posted to the Specified Website, including, but not limited to, the accuracy and completeness of the Required Materials. Without limiting the generality of the foregoing in any manner, the Fund (or its affiliates on its behalf) be responsible for ensuring that the Required Materials as posted to the Specified Website:

**(a).** Meet the applicable standards of the Securities Act of 1933, as amended; the Securities Exchange Act of 1934, as amended; the 1940 Act; and all rules and regulations under those Acts; and

**(b).** Do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading.

**3. Specified Website.** 

**(a).** The Specified Website is as identified in Schedule B hereto, as it may be changed from time to time; *provided,* that the Fund or its affiliate shall use commercially reasonable efforts to provide the Company with information regarding any changes to the Specified Website.

**(b).** The Fund or its affiliate shall ensure that the Specified Website address is "specific enough," and that any links thereon are sufficiently "prominent," to meet the requirements of paragraph (c)(1)(iv) of Rule 30e-3 (in addition to the requirements of paragraph (b) of the Rule).

**4. Paper Notice to Contract Owners.** The Company shall be responsible for providing the paper *Notice* to its Contract Owners, in accordance with paragraphs (c) and (d) of Rule 30e-3 (except that the Company is not responsible for the website requirements specified in paragraph (c)(1)(iv) of the Rule, which are the responsibility of the Fund (or its affiliates on its behalf) pursuant to subsection 3(b) above).

------

**5. Delivery of Paper Copy Upon** *"****Ad Hoc****"* **Request.** The Company shall be responsible for fulfilling *ad hoc* requests from Contract Owners for a paper copy of any of the Required Materials, in accordance with paragraph (e) of Rule 30e-3.

**6. Investor Elections to Receive Future Fund Reports in Paper.** The Company shall be responsible for fulfilling Contract Owner elections to receive future Fund shareholder reports in paper, in accordance with paragraph (f) of Rule 30e-3.

**7. Provision of Paper or Electronic Documents.** The Fund and/or the Underwriter shall:

**(a).** At their reasonable expense, provide the Company with sufficient paper copies of the then current Required Materials as the Company shall reasonably request, so that the Company may maintain a supply of such current paper documents sufficient in its reasonable judgment to meet anticipated requests from Contract Owners under sections 5 and 6 above (see paragraphs (e) and (f) of Rule 30e-3). Such requests shall be fulfilled reasonably promptly within a time frame that will allow the Company to deliver such Required Materials in accordance with applicable regulations.

**(b).** Alternatively, if requested by the Company in lieu thereof, the Fund or its designee shall provide such electronic or other documentation (including "camera ready" copies of the current Required Materials as set in type, or at the request of the Company, a diskette in a form suitable to be sent to a financial printer), and such other assistance as is reasonably necessary to have the then current Required Materials printed for distribution pursuant to sections 5 and 6 hereof, as such Required Materials are posted to the Specified Website; the reasonable costs of providing the electronic documentation and of such printing to be borne by the Fund.

**8. Force Majeure Event.** Each Party is excused from performance under this Amendment and shall not be liable for any delay in performance or non-performance, in whole or in part, caused by the occurrence of any event or contingency beyond the control of the parties including, but not limited to, work stoppages, fires, civil disobedience, riots, rebellions, natural disasters, acts of God, acts of war or terrorism (actual or threatened), actions or decrees of governmental bodies, and similar occurrences. The Party who has been so affected shall promptly give written notice to the other Party and shall use its best efforts to resume performance. Upon receipt of such notice, all obligations under this Amendment shall be immediately suspended for the duration of such Force Majeure Event.

**9. Construction of this Amendment; Participation Agreement**.

**(a).** This Amendment shall be interpreted to be consistent with, and to facilitate compliance with and reliance on, Rule 30e-3 under the 1940 Act and any interpretations of the Rule by the Securities and Exchange Commission, its staff, courts, or other appropriate legal authorities.

**(b).** The Parties have entered into the Participation Agreement between and among them for the purchase and redemption of shares of the Funds by separate accounts maintained by the Company. This Amendment supplements the Participation Agreement. To the extent the terms of this Amendment conflict with the terms of the Participation Agreement, the terms of this Amendment shall control; otherwise, and except as otherwise specifically set forth in this Amendment, the terms of the Participation Agreement shall continue to apply, and shall apply to the duties, responsibilities, rights and obligations of the Parties under and pursuant to this Amendment.

**10. Termination.** This Amendment shall terminate upon the earlier of:

**(a).** termination of the Participation Agreement; or

------

**(b).** 180 days written notice from any Party to the other Parties.

**11.** [RESERVED]

**12. Notices.** All notices or other communications required or provided for in this Amendment to any Party shall be duly given if:

**(a).** sent by registered or certified mail, mailed, first class postage prepaid, hand delivered or sent by overnight courier service to the applicable address set forth below; or

**(b).** sent to an authorized employee, agent or representative of the receiving Party by electronic mail or by facsimile, at the electronic address that the recipient Party may from time to time specify in writing to the other Party(ies).

The Company:

The Variable Annuity Life Insurance Company

2929 Allen Parkway, L13-20

Houston, TX 77019

Attention: Thomas M. Ward

E-mail: Tom.Ward@aig.com

Phone: (713) 831-5399

copy to:

The Variable Annuity Life Insurance Company

2919 Allen Parkway, L4-01

Houston, TX 77019

Attention: General Counsel

The Underwriter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Investment Services, Inc.

4515 Painters Mill Road

Owings Mills, Maryland 21117

Attn: Legal Department

Legal-US.Intermediary.Distribution.Team@troweprice.com

The Transfer Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Services, Inc.

4515 Painters Mill Road

Owings Mills, Maryland 21117

Attn: Legal Department

The Adviser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Associates, Inc.

4515 Painters Mill Road

Owings Mills, Maryland 21117

Attn: Legal Department

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**13. Applicable Law.** This Amendment shall be governed by and construed in accordance with the laws of the State of Texas without giving effect to principles of conflicts of laws.

**14. Assignment.** No Party to this Amendment may assign this Amendment, or any of the rights, obligations, or liabilities under this Amendment, without the written consent of all Parties hereto.

**15. Counterparts and Delivery.** This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument. A signed copy of this Amendment delivered by facsimile or by emailing a copy in .pdf form shall be treated as an original and shall bind all Parties just as would the exchange of originally signed copies.

IN WITNESS WHEREOF, the undersigned have caused this Amendment to be executed as of the date first above written.

**The Company: THE VARIABLE ANNUITY LIFE INSURANCE COMPANY, on behalf of itself and each separate account set forth on Schedule A** 

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| | |
|:---|:---|
| By: | ![LOGO](g934124dsp103a.jpg) |
| Print Name: Thomas M. Ward | Print Name: Thomas M. Ward |
| Title: | Vice President |
| Date: | 3/30/2021 |
| **The Underwriter: T. Rowe Price Investment Services, Inc.** | **The Underwriter: T. Rowe Price Investment Services, Inc.** |
| By: | ![LOGO](g934124dsp103b.jpg) |
| Print Name: William Presley | Print Name: William Presley |
| Title: | Vice President |
| Date: | 3/30/2021 |
| **The Transfer Agent: T. Rowe Price Services, Inc.** | **The Transfer Agent: T. Rowe Price Services, Inc.** |
| By: | ![LOGO](g934124dsp103c.jpg) |
| Print Name: William Presley | Print Name: William Presley |
| Title: | Vice President |
| Date: | 3/30/2021 |

---

------

---

| | |
|:---|:---|
| **The Adviser: T. Rowe Price Associates, Inc.** | **The Adviser: T. Rowe Price Associates, Inc.** |
| By: | ![LOGO](g934124dsp104a.jpg) |
| Print Name: William Presley | Print Name: William Presley |
| Title: | Vice President |
| Date: | 3/30/2021 |

---

---

| |
|:---|
| &nbsp;&nbsp;&nbsp; <br> **APPROVED FOR EXECUTION BY AIG CONSUMER** |
| &nbsp;&nbsp;&nbsp;**LEGAL DEPARTMENT** |
| &nbsp;&nbsp;&nbsp;**CONTROL NO. <u>CW 2393257</u>** |
| &nbsp;&nbsp;&nbsp;**DATE:** <u>3/30/2021</u> |
| &nbsp;&nbsp;&nbsp;**SIGNED:** |

---

------

**SCHEDULE A** 

**Separate Accounts of the Company** 

The Variable Annuity Life Insurance Company Separate Account A

------

**SCHEDULE B** 

**Specified Website** 

www.troweprice.com/prospectus

## Ex-99.(H)(5)(Ii)

**<u>SERVICES AGREEMENT</u>**

THIS AGREEMENT (the **"Agreement"),** made and entered into as of this 16th day of January, 2025 by and among THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, a New York life insurance company **("USL"),** and T. ROWE PRICE INVESTMENT SERVICES, INC., a Maryland corporation **("Underwriter")** and T. ROWE PRICE SERVICES, INC., a Maryland corporation **("Transfer Agent") (Underwriter** and **Transfer Agent** collectively, **"T. Rowe Price",** and with USL, the **"Parties").**

WITNESSETH:

WHEREAS, the T. Rowe Price funds are investment companies registered as open-end management investment companies under the Investment Company Act of 1940, as amended (the **"1940 Act")** (such investment companies are hereinafter collectively called the **"Funds,"** or each a **"Fund"),** and certain Funds have issued an Advisor Class of shares **("Advisor Class")** listed on Schedule One hereto **("Schedule One,"** as the same may be amended from time to time); and

WHEREAS, each of the Funds is available as an investment vehicle for USL for its separate account to fund variable annuity contracts **("Contracts")** listed on Schedule Two hereto **("Schedule Two,"** as the same may be amended from time to time); and

WHEREAS, the Parties have entered into a participation agreement dated as of January 16, 2025, as may be amended from time to time (the **"Participation Agreement");**

WHEREAS, T. Rowe Price provides, among other things, certain services with respect to shareholder servicing, maintenance of shareholder accounts and/or administrative services to the Funds; and

WHEREAS, T. Rowe Price desires USL to provide the services specified in the attached Exhibit A **("Services"),** in connection with the Contracts for the benefit of persons who maintain their ownership interests in the separate account, whose interests are included in the master account **("Master Account")** referred to in paragraph 1 of Exhibit A **("Contract Owners"),** and USL is willing and able to provide such Services on the terms and conditions hereinafter set forth;

WHEREAS, THE VARIABLE ANNUITY LIFE INSURANCE COMPANY **("VALIC")** and T. Rowe Price entered into a Services Agreement on December 1, 2014, as amended (the **"VALIC SA"**);

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Parties hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties hereto adopt and agree to the terms of the VALIC SA in the form attached hereto as Appendix A **("Appendix A"),** which for this purpose excludes the signature pages to such VALIC SA, subject to the changes described below. For avoidance of doubt, this

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Agreement does not amend, delete or supersede the VALIC SA or amend, delete or supersede agreement(s), if any, between the Parties with respect to other separate accounts of USL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For purposes of this Agreement, all references to The Variable Annuity Life Insurance Company or VALIC in Appendix A are deleted and replaced with The United States Life Insurance Company in the City of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For purposes of this Agreement, the applicable state law in Section 15 of Appendix A under which this Agreement shall be construed shall be the laws of the State of New York instead of the laws of the State of Texas.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. For purposes of this Agreement, Schedules One and Two in Appendix A are deleted and replaced with the separate Schedules One and Two to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. At the time of entering into this Agreement, American International Group **("AIG")** has a controlling interest of the parent company of USL. AIG intends to transfer a "controlling" block of outstanding voting securities of USL's parent company (the **"Divestment")** within the meaning of Section 2(a)(4) of the Investment Company Act of 1940 (the "1940 Act") and, as a result, USL will no longer be a "controlled company" of AIG within the meaning of the 1940 Act (the **"Change of Control").** The Distributor hereby consents to any "assignment" of this Agreement that is deemed to have occurred as a result of the Change of Control. Further, the Distributor hereby consents to any future assignments that may occur as the result of the sale of a controlling block of securities to a new controlling company, so long as such assignment occurs during the Divestment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. This Agreement shall be interpreted consistent with the intent of the Parties which is to create a fully separate agreement among the Parties in respect of investment(s) by USL, on behalf of the Accounts, in shares of Funds of the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. This Agreement may be executed in any number of counterparts, including facsimile copies thereof or electronic scan copies thereof delivered by electronic mail, each of which shall be deemed an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.

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| | |
|:---|:---|
| THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK | THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK |
| By: | ![LOGO](g934124s1.jpg) |
|  | Barbara Rayll |
|  | Vice President, Business Case Development |

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| | |
|:---|:---|
| T. ROWE PRICE INVESTMENT SERVICES, INC. | T. ROWE PRICE INVESTMENT SERVICES, INC. |
| By: | ![LOGO](g934124s2.jpg)  |
|  | William Presley |
|  | Vice President |
| <br> T. ROWE PRICE SERVICES, INC. | <br> T. ROWE PRICE SERVICES, INC. |
| By: | ![LOGO](g934124s3.jpg)  |
|  | William Presley |
|  | Vice President |

---

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<u>Appendix A</u>

[VALIC TROWE SA (excluding signature pages)]

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**SCHEDULE ONE** 

**T. ROWE PRICE RETIREMENT FUNDS, Inc. (10 FUNDS)** 

T. Rowe Price Retirement 2015 Fund

T. Rowe Price Retirement 2020 Fund

T. Rowe Price Retirement 2025 Fund

T. Rowe Price Retirement 2030 Fund

T. Rowe Price Retirement 2035 Fund

T. Rowe Price Retirement 2040 Fund

T. Rowe Price Retirement 2045 Fund

T. Rowe Price Retirement 2050 Fund

T. Rowe Price Retirement 2055 Fund

T. Rowe Price Retirement 2060 Fund

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**SCHEDULE TWO** 

**List of Contracts** 

Portfolio Director Series

## Ex-99.(H)(6)(I)

**<u>FUND PARTICIPATION AGREEMENT</u>**

THIS AGREEMENT (the "Agreement"), made and entered into as of this 13<sup>th</sup> day of March, 2025, by and among THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, a New York life insurance company (hereinafter the "Company"), on its own behalf and on behalf of the separate accounts listed on Schedule A hereto, a segregated asset account of the Company (each referred to as an "Account"), each fund listed on Schedule A (collectively, the "Funds"), THE VANGUARD GROUP, INC., a Pennsylvania corporation (the "Adviser"). The Company, the Funds and the Adviser are referred to herein collectively as the "Parties".

WITNESSETH:

WHEREAS, THE VARIABLE ANNUITY LIFE INSURANCE COMPANY ("VALIC"), the Funds, and Adviser entered into a Participation Agreement on May 8, 1996, as amended (the "VALIC FPA");

WHEREAS, the Parties wish to enter into a separate agreement to provide for the purchase and redemption by the Company, on behalf of the Accounts, of shares of the Funds pursuant to the terms of the Agreement, based on the form of the VALIC FPA previously agreed to among VALIC, certain of the Funds and the Adviser;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Parties hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties hereto adopt and agree to the terms of the VALIC FPA in the form attached hereto as Exhibit A ("Exhibit A"), which for this purpose excludes the signature pages to such VALIC FPA, subject to the changes described below. For avoidance of doubt, this Agreement does not amend, delete or supersede the VALIC FPA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For purposes of this Agreement, all references to The Variable Annuity Life Insurance Company or VALIC in Exhibit A are deleted and replaced with The United States Life Insurance Company in the City of New York and all references to the term "Company" in Exhibit A shall be deemed references to The United States Life Insurance Company in the City of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For purposes of this Agreement, the following are added as additional provisions relating to Rule 498 of the 1933 Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Funds will provide the Company upon its request with copies of summary prospectuses and supplements thereto in the same manner and at the same time that the Funds provide the Company with statutory prospectuses. The Funds represent and warrant that the summary prospectuses and any supplements provided thereto will comply with the requirements of Rule 498 of the 1933 Act ("Rule 498") applicable to its Funds.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Company represents and warrants that its use of the summary prospectuses and supplements, its website and the manner and procedures related to its hosting of the summary prospectuses and supplements on its website will at all times comply with the requirements of Rule 498. The Funds, at their sole cost and expense, shall provide the Company with summary prospectuses containing the appropriate hyperlinks required by Rule 498 and such other documentation that may be required by Rule 498. The Company shall provide the Funds with the website URL(s) that will serve as the hyperlinks within the summary prospectus and other required documentation and the Company shall be responsible for maintaining the required documents at such website URLs for the requisite period set forth in Rule 498.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. The Funds may require the Company to terminate the use of the summary prospectuses by providing the Company with at least one hundred and thirty-five (135) days' prior written notice. The Funds agree that the Company is not required to distribute the summary prospectuses to its Contract owners and that any use will be in the discretion of the Company. The Company shall provide the Funds with at least thirty (30) days' prior written notice of its intended use of the summary prospectuses and at least sixty (60) days' prior written notice of its intent to terminate use of the summary prospectuses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. For purposes of this Agreement, the following shall be added to the Agreement and the Amendment to Participation Agreement Regarding Fund Shareholder Reports dated December 5, 2022, in Exhibit A shall be deleted:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Funds shall be responsible for preparing and providing the materials required by Rule 30e-1 under the 1940 Act ("Rule 30e-1") and Items 27(d)(4) and 27(d)(5) of Form N-1A (collectively, the "Required Materials,") which may include, among other things:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Current Annual Reports and Semi-Annual Reports to Shareholders (*i.e.* "Tailored Shareholder Reports");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Current Annual or Semi-Annual Financial Statements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Quarterly Portfolio Holdings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Portfolio Holdings for Most Recent First and Third Fiscal Quarters; and Proxy Voting Policies specified in Item 17(f) of Form N-1A and the most recently filed report on Form N-PX. The Funds shall host and maintain the website specified in paragraph (b)(2)(i) of Rule 30e-1, so that the relevant Required Materials are publicly accessible, free of charge, at that website, in accordance with the conditions set forth in that paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. The Funds shall be responsible for the content and substance of the Required Materials as provided to the Company, including, but not limited to, the accuracy and completeness of the Required Materials. Without limiting the generality of the foregoing in any manner, the Funds shall be responsible for ensuring that the

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Required Materials as provided to the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Meet the applicable standards of the Securities Act of 1933, as amended; the Securities
Exchange Act of 1934, as amended; the 1940 Act; and all rules and regulations under those Acts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Do not contain any untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. The Funds shall be responsible for preparing and providing the following "Fund Documents," as specified in paragraph (j)(1)(iii) of Rule 498A:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Summary Prospectus for the Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Statutory Prospectus for the Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Statement of Additional Information ("SAI") for the Funds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Most Recent Annual and Semi-Annual Reports to Shareholders (under Rule 30e-1 under the 1940 Act) for the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. The Funds shall provide the Fund Documents specified in Paragraphs 10(a), (b), and (c) above to the Company (or its designee) on a timely basis (to facilitate the required website posting) and provide updated versions as necessary, to facilitate a continuous offering of the Fund Company's securities and the Contracts. The Funds shall provide the Shareholder Reports specified in Paragraph 10(d) above within 60 days after the close of each of the Fund's reporting periods (in accordance with Rule 30e-1 under the 1940 Act).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. The Funds shall provide the Fund Documents to the Company (or its designee) in an electronic format that is suitable for website posting, and in a format, or formats, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) are both human-readable and capable of being printed on paper in human- readable format
(in accordance with paragraph (h)(2)(i) of Rule 498A);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) permit persons accessing the Statutory Prospectus and SAI to move directly back and forth
between each section heading in a table of contents of such document and the section heading in a table of contents of such document and the section of the document referenced in that section heading (that is, these documents must include  ***linking*** , in accordance with paragraph (h)(2)(ii) of Rule 498A); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) permit persons accessing the Fund Documents to permanently retain, free of charge, an
electronic version of such materials that meet the

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requirements of subparagraphs 11(a) and (b) above (in accordance with paragraph (h)(3) of Rule 498A).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. The Company shall host and maintain the website specified in paragraph (j)(i)(iii) of Rule 498A, so that the Fund Documents are publicly accessible, free of charge, at that website, in accordance with the conditions set forth in that paragraph, provided that the Funds fulfill their obligations under this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. The Company shall ensure that an Initial Summary Prospectus is used for each currently offered Variable Contract described under the related registration statement, in accordance with paragraph (j)(1)(i) of Rule 498A. The Funds shall ensure that a summary prospectus is used for the Funds, in accordance with paragraph (j)(1)(ii) of Rule 498A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. The Funds shall provide such data regarding each Fund's expense ratios and investment performance as the Company shall reasonably request, to facilitate the registration and sale of the Variable Contracts. Without limiting the generality of the foregoing, the Funds shall provide the following Fund expense and performance data on a timely basis to facilitate the Company's preparation of its annually updated registration statements for the Variable Contracts (and as otherwise reasonably requested by the Company), but in no event later than eighty (80) calendar days after the close of each Fund's fiscal year:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the *gross* "Annual Fund Company Expenses" for each Fund calculated in
accordance with Item 3 of Form N-1A, before any expense reimbursements or fee waiver arrangements (and in accordance with (i) Instruction 16 to Item 4 of Form N-4, and (ii) Instruction 4(a) to Item 4 of Form N-6); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the *net* "Annual Fund Company Expenses" (aka "Total Annual Fund
Operating Expenses") for each Fund calculated in accordance with Item 3 of Form N-1A, that <u>include</u> any expense reimbursements or fee waiver arrangements (and in accordance with (i) Instruction
17 to Item 4 of Form N-4 and (ii) Instruction 4 to Item 17 of Form N-4, and (iii) Instruction 4(b) to Item 4 of Form N-6, and (iv) Instruction 4 to Item 18 of Form N-6)), and the period for which the expense reimbursements or fee waiver arrangement is expected to continue and
whether it can be terminated by the Funds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the "Average Annual Total Returns" for each Fund (before taxes) as calculated
pursuant to Item 4(b)(2)(iii) of Form N-1A (for the 1, 5, and 10 year periods, and in accordance with (i) Instruction 7 to Item 17 of Form N-4, and
(ii) Instruction 7 to Item 18 of Form N-6)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. For purposes of this Agreement, the Company makes the representations in Section 12 of Exhibit A except that it represents that is has legally and validly established ACCOUNT as a segregated asset account under New York law instead of under Texas law.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. For purposes of this Agreement, the notification address for the Company in Section 18 of Exhibit A is deleted and replaced in its entirety as follows:

If to the Company:

The United States Life Insurance Company in the City of New York

21650 Oxnard Street, Suite 750

Woodland Hills, California 91367

Attn: Bryan Pinsky

Email: <u>bryan.pinsky@corebridgefinancial.com</u>

With a copy to:

Mallary Reznik

21650 Oxnard Street, Suite 750

Woodland Hills, California 91367

Attn: Mallary Reznik

Email: <u>mallary.reznik@corebridgefinancial.com</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. For purposes of this Agreement, the applicable state law in Section 20 of Exhibit A under which this Agreement shall be construed shall be the laws of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. For purposes of this Agreement, Schedule A in Exhibit A is deleted and replaced with the separate Schedule A to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. This Agreement shall be interpreted consistent with the intent of the Parties which is to create a fully separate agreement among the Parties in respect of investment(s) by the Company, on behalf of the Accounts, in shares of Funds.

[The remainder of this page is intentionally blank. Signatures to follow.]

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IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.

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| | |
|:---|:---|
| THE UNITED STATES LIFE INSURANCE COMPANY | THE UNITED STATES LIFE INSURANCE COMPANY |
| IN THE CITY OF NEW YORK,<br> on behalf of itself and on behalf of the Accounts set forth on Schedule A | IN THE CITY OF NEW YORK,<br> on behalf of itself and on behalf of the Accounts set forth on Schedule A |
| By: | ![LOGO](g934124dsp431.jpg) |
|  | <br> Barbara Rayll |
|  | Vice President, Business Case Development |
| VANGUARD FIXED INCOME SECURITIES FUNDS (2 FUNDS) | VANGUARD FIXED INCOME SECURITIES FUNDS (2 FUNDS) |
|  | Vanguard Long-Term Investment-Grade Fund |
|  | Vanguard Long-Term Treasury Fund |
| VANGUARD STAR FUNDS (3 FUNDS) | VANGUARD STAR FUNDS (3 FUNDS) |
|  | Vanguard LifeStrategy Conservative Growth Fund |
|  | Vanguard LifeStrategy Moderate Growth Fund |
|  | Vanguard LifeStrategy Growth Fund |
| VANGUARD WELLINGTON FUND (1 FUND) | VANGUARD WELLINGTON FUND (1 FUND) |
|  | Vanguard Wellington Fund |
| VANGUARD WINDSOR FUND (1 FUND) | VANGUARD WINDSOR FUND (1 FUND) |
|  | Vanguard Windsor II Fund |
| **VANGUARD CHESTER FUNDS (12 FUNDS)** | **VANGUARD CHESTER FUNDS (12 FUNDS)** |
|  | Vanguard Target Retirement 2020 Fund, Investor Class<br> Vanguard Target Retirement 2050 Fund, Investor Class<br> Vanguard Target Retirement 2025 Fund, Investor Class<br> Vanguard Target Retirement 2055 Fund, Investor Class<br> Vanguard Target Retirement 2030 Fund, Investor Class<br> Vanguard Target Retirement 2060 Fund, Investor Class<br> Vanguard Target Retirement 2035 Fund, Investor Class<br> Vanguard Target Retirement 2065 Fund, Investor Class<br> Vanguard Target Retirement 2040 Fund, Investor Class<br> Vanguard Target Retirement 2070 Fund, Investor Class<br> Vanguard Target Retirement 2045 Fund, Investor Class<br> Vanguard Target Retirement Income Fund, Investor Class |

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| | |
|:---|:---|
| **VANGUARD EXPLORER FUND (1 FUND)** | **VANGUARD EXPLORER FUND (1 FUND)** |
| Vanguard Explorer Fund, Admiral Class | Vanguard Explorer Fund, Admiral Class |
| **VANGUARD FENWAY FUNDS (1 FUND)** | **VANGUARD FENWAY FUNDS (1 FUND)** |
| Vanguard Equity-Income Fund, Admiral Class | Vanguard Equity-Income Fund, Admiral Class |
| **VANGUARD MONEY MARKET RESERVES (1 FUND)** | **VANGUARD MONEY MARKET RESERVES (1 FUND)** |
| Vanguard Federal Money Market. Fund, Investor Class | Vanguard Federal Money Market. Fund, Investor Class |
| **VANGUARD WORLD FUND (1 FUND)** | **VANGUARD WORLD FUND (1 FUND)** |
| Vanguard FTSE Social Index Fund, Institutional Class | Vanguard FTSE Social Index Fund, Institutional Class |
| By: | ![LOGO](g934124dsp432a.jpg) |
|  | <br> [Name] John Schadl |
|  | [Title] Assistant Secretary |
| THE VANGUARD GROUP, INC. | THE VANGUARD GROUP, INC. |
| By: | ![LOGO](g934124dsp432b.jpg) |
|  | <br> [Name] Carolyn Sherry |
|  | [Title] Principal |

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<u>Schedule A</u> 

<u>Accounts</u> 

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Name of Account | Date of Resolution of Company's Board<br> which Established the Account |
| &nbsp;&nbsp;&nbsp;USL Separate Account RS | June 14, 2024 |

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<u>Funds</u> 

VANGUARD FIXED INCOME SECURITIES FUNDS (2 FUNDS)

Vanguard Long-Term Investment-Grade Fund Vanguard Long-Term Treasury Fund

VANGUARD STAR FUNDS (3 FUNDS)

Vanguard LifeStrategy Conservative Growth Fund Vanguard LifeStrategy Moderate Growth Fund <br> Vanguard LifeStrategy Growth Fund

VANGUARD WELLINGTON FUND (1 FUND)

Vanguard Wellington Fund

VANGUARD WINDSOR FUND (1 FUND)

Vanguard Windsor II Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each Vanguard Fund is organized as a Delaware Business Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Notices may be sent to the Funds at:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o The Vanguard Group, Inc., Post Office Box 2600, Valley Forge, PA 19842 (for overnight
delivery)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o The Vanguard Group, Inc., 100 Vanguard Boulevard, Malvern, PA 19355

**VANGUARD CHESTER FUNDS (12 FUNDS)** 

Vanguard Target Retirement 2020 Fund, Investor Class Vanguard Target Retirement 2050 Fund, Investor Class

Vanguard Target Retirement 2025 Fund, Investor Class Vanguard Target Retirement 2055 Fund, Investor Class

Vanguard Target Retirement 2030 Fund, Investor Class Vanguard Target Retirement 2060 Fund, Investor Class

Vanguard Target Retirement 2035 Fund, Investor Class Vanguard Target Retirement 2065 Fund, Investor Class

Vanguard Target Retirement 2040 Fund, Investor Class Vanguard Target Retirement 2070 Fund, Investor Class

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Vanguard Target Retirement 2045 Fund, Investor Class Vanguard Target Retirement Income Fund, Investor Class

**VANGUARD EXPLORER FUND (1 FUND)** 

Vanguard Explorer Fund, Admiral Class

**VANGUARD FENWAY FUNDS (1 FUND)** 

Vanguard Equity-Income Fund, Admiral Class

**VANGUARD MONEY MARKET RESERVES (1 FUND)** 

Vanguard Federal Money Market. Fund, Investor Class

**VANGUARD WORLD FUND (1 FUND)** 

Vanguard FTSE Social Index Fund, Institutional Class

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Exhibit A

**PARTICIPATION AGREEMENT** 

This AGREEMENT is made by and between the mutual funds which are identified on Schedule A hereto, as amended from time to time, and which have executed this Agreement (the "Funds"), the Vanguard Group, Inc. ("Adviser"), a Pennsylvania corporation, and The Variable Annuity Life Insurance Company ('VALIC"), a life insurance company organized under the laws of the State of Texas, on its own behalf and on behalf of each segregated asset account set forth on Schedule A hereto as amended from time to time (each such account hereinafter referred to as "ACCOUNT").

WHEREAS, VALIC wishes to offer as investment options under certain group variable annuity and funding contracts and certain employee benefit plans under the Internal Revenue Code of 1986, as amended, one or more of the Funds;

WHEREAS, each Fund is registered with the Securities and Exchange Commission ("SEC") under the Investment Company Act of 1940 (the "1940 Act") as an open-end, diversified, management investment company; and

WHEREAS, each Fund is (i) organized as (A) a series fund, and currently intends to issue shares of separate series (each a "Portfolior<sup>1</sup>); those Portfolios which are subject to this Agreement are listed on Schedule B hereto, and the Board of Directors/Trustees of each such Fund (the <sup>11</sup>Board") may in the future issue shares of additional Portfolios; or (B) an individual portfolio; and (ii) issues shares to the general public and to the separate accounts of insurance companies ("Participating Insurance Companies") to fund variable insurance products and certain qualified pension and retirement plans; and

WHEREAS, Adviser is registered as an investment adviser under the Investment Advisers Act of 1940 and any applicable state securities law; and

WHEREAS, VALIC has established ACCOUNT to offer variable contracts (the "Contracts") and is desirous of having each of the Funds as one of the underlying funding vehicles for the Contracts; and:

WHEREAS, the Funds and Adviser know of no reason why shares in any Fund or Portfolio ("Shares") may not be sold to Participating Insurance Companies to fund variable insurance products and qualified pension and retirement plans; and

WHEREAS, VALIC intends to purchase shares of other open-end management investment companies that offer shares to the general public to fund the Contracts; and

WHEREAS, to the extent permitted by applicable insurance laws and regulations, VALIC intends to purchase shares of the Funds to fund the Contracts and Adviser is or will be authorized to sell such shares to VALIC at net asset value;

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NOW, THEREFORE, in consideration of their mutual promises, VALIC, the Funds and Adviser agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Each Fund and Adviser agree to make Shares available for purchase by VALIC and ACCOUNT at the applicable net asset value per Share on those days on which each Fund calculates its net asset value pursuant to SEC rules. Each Fund shall use reasonable efforts to calculate such net asset value on each day which the New York Stock Exchange is open for trading. Notwithstanding the foregoing, the Board of a Fund may refuse to sell Shares to any person, or suspend or terminate the offering of Shares, if such action is required by law or by regulatory authorities having jurisdiction or is, in the sole discretion of the Board acting in good faith and in light of their fiduciary duties under federal and any applicable state laws, necessary in the best interests of the shareholders of the Fund or the Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Subject to the terms and conditions set forth in this Agreement, Adviser hereby appoints and retains VALIC, and VALIC agrees to act as, each Fund's agent to perform the administrative services set forth herein with respect to accepting purchase and redemption orders for Shares of each Fund or Portolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Issuance and transfer of shares will be by book entry only. Stock certificates will not be issued to VALIC or ACCOUNT. Shares ordered from a Fund will be recorded in an appropriate title for ACCOUNT or the appropriate subaccount of ACCOUNT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. VALIC agrees to provide services to the Adviser including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) responding to inquiries from Contract owners using one or more of the Funds or Portfolios as an investment vehicle regarding the services performed by VALIC as they relate to a Fund or Portfolio;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) providing information to the Adviser and to Contract owners with respect to shares attributable to Contract owner accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) developing and maintaining a means of identifying and analyzing information relating to Contract owners using one or more of the Funds or Portfolios as an investment vehicle through computer databases or similar approaches;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) printing and mailing of shareholder communications from each Fund as may be required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) serving as the agent of the Funds for the receipt of orders to purchase and redeem shares of the Funds and Portfolios pursuant to Section 5;

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| **54022720.7 050196 1930E 94125291** | - 2 - |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) cooperating with the Funds, the Adviser, and governmental authorities in connection with the regulation of the Funds and the sale of the shares of the Funds and Portfolios pursuant to Section 14;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) providing data and materials to the Funds needed to maintain the compliance of the Funds with the securities laws; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) communicating directly with Contract owners concerning the Funds' operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Each Fund shall furnish same day notice (by wire, telecopier, or telephone followed by written confirmation) to VALIC of any income, dividends or capital gain distributions payable on any Shares. VALIC hereby elects to receive all such income, dividends and capital gain distributions of a Fund or Portfolio in the form of additional Shares of that Fund or Portfolio. VALIC reserves the right to revoke this election and to receive all such income, dividends and capital gain distributions in cash. Adviser shall notify VALIC of the number of shares so issued as payment of such dividends and distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. (a) Each Fund agrees to sell to VALIC Shares which VALIC orders, (which orders will be based exclusively on the net transaction requests VALIC receives from Contract holders) executing such orders on a daily basis at the net asset value next computed after receipt by Adviser or its agent of the order for the Shares. For purposes of this Section 6(a), VALIC shall be the agent of each Fund for receipt of such orders from VALIC and receipt in proper form by such agent prior to 4:00 p.m. Eastern time shall constitute receipt by such Fund; provided that the Fund receives notice via the Adviser's standard electronic data transmission format of such order by 5:00 a.m. New York time on the next following Business Day. "In proper form" means that amounts to be invested or redeemed are identified on VALIC's computer systems by Participant, Plan, Contract and Fund in accordance with VALIC's standard procedures for processing transactions. If such order is received by the Fund after 5:00 a.m., the Fund will reject such order and VALIC may resubmit such order (either by including it with the next day's electronic data transmission or through other mutually acceptable means) and the resubmitted order will be executed on the basis of the net asset value computed that day. "Business Day" shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Fund agrees to redeem for cash, on VALIC's request, (which requests will be based exclusively on the net transaction requests VALIC receives from Contract holders) any full or fractional shares of such Fund or Portfolio held by VALIC, executing such requests on a daily basis at the net asset value next computed after receipt by such Fund or its designee of the request for redemption. For purposes of this Section 6(b), VALIC shall be the agent of each Fund for receipt of requests for redemption from

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| **54022720.7 050196 1930E 94125291** | - 3 - |

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VALIC and receipt in proper form by such agent prior to 4:00 p.m. Eastern time shall constitute receipt by the Fund; provided that the Fund receives notice of such request for redemption by 5:00 a.m. New York time on the next following Business Day. If such request for redemption is received by the Fund after 5:00 a.m., the request will be executed on the basis of the net asset value computed that day. If such request is received by the Fund after 5:00 a.m., the Fund will reject such request and VALIC may resubmit such request (either by including it with the next day's electronic data transmission or through other mutually acceptable means) and the resubmitted request will be executed on the basis of the net asset value computed that day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Funds shall make the net asset value per share for each Fund or Portfolio available to VALIC on a daily basis as soon as reasonably practical after the net asset value per share is calculated but shall use its best efforts to make such net asset value available by 6:30 p.m. New York time. If a Fund provides VALIC with the incorrect share net asset value information through no fault of VALIC, VALIC on behalf of the Separate Accounts, shall be entitled to an adjustment to the number of shares purchased or redeemed to reflect the correct share net asset value. Any error in the calculation of net asset value, dividend and capital gain information greater than or equal to $.01 per Share, shall be reported immediately upon discovery to VALIC. Any error of a lesser amount shall be corrected in the next Business Day's net asset value per share for such Fund or Portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If VALIC requests the purchase of Shares pursuant to Section 6(a), VALIC shall pay for such purchase by wiring federal funds to the Fund or its designated custodial account on the Business Day following the Business Day on which the order is trade dated. If VALIC requests a net redemption resulting in a payment of redemption proceeds to VALIC pursuant to Section 6(b), the Fund shall wire the redemption proceeds to VALIC on the Business Day following the Business Day on which the order is trade dated, unless doing so would require Adviser to dispose of portfolio securities or otherwise incur additional costs, but in such event, proceeds shall be wired to VALIC within three business days and the Fund shall notify the person designated in writing by VALIC as the recipient for such notice of such delay by 3:00 p.m. New York time the same Business Day that VALIC transmits the redemption order to the Fund. If VALIC's order requests the application of redemption proceeds from the redemption of shares of one Portfolio or Fund to the purchase of shares of another Portfolio or Fund, the Fund shall so apply such proceeds to the other Portfolio, or transfer them to the other Fund, on the same Business Day that VALIC transmits such order to the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Purchase and redemption orders shall be transmitted separately for each Fund by VALIC to Adviser in a format consistent with Adviser's specified file formats, which Adviser shall provide to VALIC within a reasonable period of time prior to their application.

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| **54022720.7 050196 1930E 94125291** | - 4 - |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. (a) The Funds or Adviser shall provide VALIC with as many copies of each Fund's and Portfolio's current prospectus, statements of additional information, latest annual and semi-annual report, and when applicable, current proxy material, in each case as VALIC may reasonably request. Each Fund or Adviser shall provide VALIC with as many copies of any prospectus supplement for such Fund or Portfolio as VALIC may reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unless otherwise provided herein, all parties to this Agreement shall bear all expenses incident to the performance of their respective duties under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. (a) VALIC will furnish, or will cause to be furnished, to Adviser or its designee, each piece of sales literature or other promotional material in which Adviser or any Fund is named. No such material will be used if Adviser or its designee reasonably objects to its use in writing within ten days after receipt of such material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Fund or its designee will furnish, or will cause to be furnished, to VALIC, each piece of sales literature or other promotional material in which VALIC is named. No such material will be used if VALIC reasonably objects to its use in writing within ten days after receipt of such material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Neither Adviser, any Fund or their affiliates or agents shall give any information or make any representations on behalf of VALIC or concerning VALIC, ACCOUNT, or the Contracts issued by VALIC, other than the information or representations contained in a registration statement or prospectus for such Contracts, as such registration statement and prospectus may be amended or supplemented from time to time, or in reports for ACCOUNT or prepared for distribution to owners of the Contracts, or in sales literature or other promotional material approved by VALIC or its designee, except with the permission of VALIC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) VALIC and its affiliates and agents shall not give any information or make any representations on behalf of Adviser or any Fund or concerning Adviser or any Fund other than the information or representations contained in a registration statement or prospectus for such Fund, as such registration statement and prospectus may be amended or supplemented from time to time, or in sales literature or other promotional material approved by the Fund or its designee, except with the permission of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) For purposes of this Agreement, the phrase "sales literature or other promotional material" or words of similar import include, without limitation, advertisements (such as material published, or designed for use, in a newspaper, magazine or other periodical, radio, television, telephone or tape recording, videotape display, signs or billboards, motion pictures, computer facility or service including the internet, or other public media), sales literature (such as any written communication distributed or made

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| **54022720.7 050196 1930E 94125291** | - 5 - |

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generally available to customers or the public, including brochures, circulars, research reports, market letters, form letters, seminar texts, or reprints or excerpts or any other advertisement, sales literature, or published article), educational or training materials or other communications distributed or made generally available to some or all agents or employees, registration statements, prospectuses, statements of additional information, shareholder reports and proxy materials, and any other material constituting sales literature or advertising under National Association of Securities Dealers, Inc. ("NASD") rules or the 1933 or 1940 Acts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. (a) Except as limited by and in accordance with the provisions of Sections 9(b) and 9(c) hereof, VALIC agrees to indemnify and hold harmless Adviser and each Fund and each trustee of the Board of each Fund and officers of each Fund and each person, if any, who controls each Fund and each of the directors and officers of Adviser and each person, if any, who controls Adviser within the meaning of Section IS of the 1933 Act (collectively, the "Indemnified Parties" for purposes of this Section 9) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of VALIC) or litigation (including legal and other expenses) to which the Indemnified Parties may become subject under any statute, regulation, at common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses (or actions in respect thereof) or settlements are related to the sale or acquisition of any Shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or are based upon any untrue statements or alleged untrue statements of any material fact
contained in the registration statement or prospectus or sales literature for the Contracts or contained in the Contracts (or any amendment or supplement to any of the foregoing), or arise out of or are based upon the omission or the alleged
omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified Party if such statement or omission or such alleged
statement or omission was made in reliance upon and in conformity with information furnished to VALIC by or on behalf of any Fund for use in the registration statement or prospectus for the Contracts or in the Contracts or sales literature (or any
amendment or supplement) or otherwise for use in connection with the sale of the Contracts or Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or as a result of statements or representations (other than statements or representations
contained in the registration statement, prospectus or sales literature of any

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| **54022720.7 050196 1930E 94125291** | - 6 - |

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Fund not supplied by VALIC, or persons under its control) or wrongful conduct of VALIC or persons under its control, with respect to the sale or distribution of the Contracts or Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact contained in a registration
statement, prospectus, or sales literature of any Fund, or any amendment thereof or supplement thereto, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein
not misleading if such statement or omission or such alleged statement or omission was made in reliance upon and in conformity with information furnished to such Fund by or on behalf of VALIC; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise as a result of any failure by VALIC to substantially provide the services and furnish the materials under
the terms of this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) arise out of or result from any material breach of any representation and/or warranty made by VALIC in this
Agreement or arise out of or result from any other material breach of this Agreement by VALIC; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) arise out of or result from the fact that the Contracts are invested in shares of regulated investment
companies that are also available without limitation to investors from the general public.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) VALIC shall not be liable under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation to which an Indemnified Party is subject by reason of such Indemnified Party's willful misfeasance, bad faith, or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations or duties under this Agreement or to a Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) VALIC shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified VALIC in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify VALIC of any such claim shall not

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| **54022720.7 050196 1930E 94125291** | - 7 - |

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relieve VALIC from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against an Indemnified Party, VALIC shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action; provided, however, that VALIC shall not settle or in any way compromise such action without first obtaining the consent of the Indemnified Party (which consent shall not be unreasonably withheld). After notice from VALIC to such party of VALIC's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and VALIC will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. (a) Except as limited by and in accordance with the provisions of Sections IO(b) and IO(c), Adviser agrees to indemnify and hold harmless VALIC and each of its directors and officers and each person, if any, who controls VALIC within the meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties" for purposes of this Section 10) against any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of Adviser) or litigation (including legal and other expenses) to which the Indemnified Parties may become subject under any statute, regulation, at common law or otherwise, insofar as such losses, claims, damages, liabilities or expenses (or actions in respect thereof) or settlements are related to the sale or acquisition of any Fund's shares or the Contracts and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained
in the registration statement or prospectus or sales literature of any Fund (or any amendment or supplement to any of the foregoing), or arise out of or are based upon the omission or the alleged omission to state therein a material fact required to
be stated therein or necessary to make the statements therein not misleading, provided that this agreement to indemnify shall not apply as to any Indemnified Party if such statement or omission or such alleged statement or omission was made in
reliance upon and in conformity with information furnished to Adviser or any Fund or its adviser by or on behalf of VALIC for use in the registration statement or prospectus for any Fund or in sales literature (or any amendment or supplement) or
otherwise for use in connection with the sale of the Contracts or Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) arise out of or as a result of statements or representations (other than statements or representations
contained in the registration statement, prospectus or sales literature for the

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| **54022720.7 0501% 1930E 94125291** | - 8 - |

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Contracts not supplied by Adviser or any Fund or its adviser or persons under their control) or wrongful conduct of Adviser or any Fund or persons under their control, with respect to the sale or distribution of the Contracts or Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) arise out of any untrue statement or alleged untrue statement of a material fact contained in a registration
statement, prospectus, or sales literature covering the Contracts, or any amendment thereof or supplement thereto, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading, if such statement or omission or such alleged statement or omission was made in reliance upon and in conformity with information furnished to VALIC by or on behalf of any Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) arise as a result of (a) a failure by any Fund to substantially provide the services and furnish the
materials under the terms of this Agreement; (b) a failure by any Fund to qualify as a Regulated Investment Company under Subchapter M of the Code; or (c) a failure by any Fund to register its shares as required by the laws of the various
states; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) arise out of or result from any material breach of any representation and/or warranty made by Adviser in this
Agreement or arise out of or result from any other material breach of this Agreement by Adviser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Adviser shall not be liable under this indemnification provision with respect to any losses, claims, damages, liabilities or litigation to which an Indemnified Party is subject by reason of such Indemnified Party's willful misfeasance, bad faith, or gross negligence in the performance of such Indemnified Party's duties or by reason of such Indemnified Party's reckless disregard of obligations and duties under this Agreement or to VALIC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Adviser shall not be liable under this indemnification provision with respect to any claim made against an Indemnified Party unless such Indemnified Party shall have notified Adviser in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim shall have been served upon such Indemnified Party (or after such Indemnified Party shall have received notice of such service on any designated agent), but failure to notify Adviser of any such claim shall not

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| **54022720.7 050196 1930E 94125291** | - 9 - |

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relieve Adviser from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of this indemnification provision. In case any such action is brought against the Indemnified Parties, Adviser shall be entitled to participate at its own expense in the defense thereof. Adviser also shall be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action; provided, however, that Adviser shall not settle or in any way compromise such action without first obtaining the consent of the Indemnified Party (which consent shall not be unreasonably withheld). After notice from Adviser to such party of Adviser's election to assume the defense thereof, the Indemnified Party shall bear the fees and expenses of any additional counsel retained by it, and Adviser will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Each Fund represents and warrants that Shares sold pursuant to this Agreement shall be registered under the 1933 Act and duly authorized for issuance, and shall be issued, in compliance in all material respects with applicable law, and that each Fund is and shall remain registered under the 1940 Act for so long as required thereunder. Each Fund further represents and warrants that it qualifies as a Regulated Investment Company under Subchapter M of the Code, and will make every effort to maintain such qualification (under Subchapter M or any successor or similar provisions), and that each Fund will notify VALIC immediately upon having a reasonable basis for believing that it has ceased to so qualify or that it might not so qualify in the future. Each Fund will register and qualify its shares for sale in accordance with the laws of the various states as may be required by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. VALIC represents and warrants that it is an insurance company duly organized and in good standing under applicable law and that it has legally and validly established ACCOUNT as a segregated asset account under Texas law and has registered ACCOUNT as a unit investment trust under the 1940 Act. VALIC represents and warrants that the Contracts are or will be registered under the 1933 Act and that the Contracts will be issued in compliance in all material respects with all applicable federal and state laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. Each Fund will provide VALIC with at least one complete copy of all prospectuses, statements of additional information, annual and semi-annual reports, proxy statements, exemptive applications and all amendments or supplements to any of the above that relate to the Funds and Portfolios promptly after such documents become available to all investors in the Fund or Portfolio. VALIC will provide each Fund or its designee with at least one complete copy of all prospectuses, statements of additional information, annual and semi-annual reports, proxy statements, exemptive applications and all amendments or supplements to any of the above that relate to ACCOUNT promptly after such documents become available to all investors in the Fund or Portfolio.

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| **54022720.7 050196 1930E 94125291** | - 10 - |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Each party hereto shall cooperate with each other party and all appropriate governmental authorities having jurisdiction (including, without limitation, the SEC, the NASD, and state insurance regulators) and shall permit such authorities reasonable access to its books and records in connection with any investigation or inquiry relating to this Agreement or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. VALIC reserves the right to vote Shares held in the Account in its own right, to the extent permitted by Jaw.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. (a) This Agreement shall continue in full force and effect until termination by any Party for any reason, by two (2) months advance written notice delivered to the other Parties (which may, however, be waived by the other party). Notwithstanding any termination of this Agreement, the Funds shall continue to make available additional Shares for all Contracts in effect on the effective date of termination of this Agreement unless the Adviser, in its sole judgment exercised in good faith, determines that VALIC has failed to comply with any provision of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding any termination of this Agreement, VALIC's and the Adviser's obligation under Sections 9 and IO to indemnify the other shall survive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. Each Fund and Adviser agree to comply with, and to ensure that each Fund complies with, any applicable state insurance Jaws or regulations, including cooperating with VALIC in any filings of sales literature for the Contracts, to the extent notified thereof in writing by VALIC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. Any notice shall be sufficiently given when sent by registered or certified mail (return receipt requested) to the other party at the address of such party set forth below or at such other address as such party may from time to time specify in writing to the other party.

If to a Fund:

As set forth on Schedule A

If to Adviser:

The Vanguard Group, Inc.

I00 Vanguard Boulevard

Malvern, PA 19355

Attention: Dennis Simmons

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| **54022720.7 050196 1930E 94125291** | - 11 - |

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If to VALIC:

The Variable Annuity Life Insurance Company

2929 Allen Parkway

Houston, TX 77019

ATTN: Cynthia A. Toles

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. This Agreement shall be subject to the provisions of the 1933, 1934 and 1940 Acts and the rules and regulations thereunder, including any exemptive relief therefrom and the orders of the SEC setting forth such relief.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. This Agreement shall be construed and the provisions hereof interpreted under and in accordance with the laws of the Commonwealth of Pennsylvania.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. This Agreement may be executed in two or more counterparts, each of which taken together shall constitute one instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. A copy of each Fund's Articles of Incorporation/Declaration of Trust is on file with the Secretary of State of the State of the Fund's organization, as set forth on Schedule A. The Articles of Incorporation/Declaration of Trust has been executed on behalf of each Fund by certain Directors/Trustees in their capacity as Directors/Trustees of such Fund and not individually. All persons dealing with each Fund must look solely to the property of the Fund for the enforcement of any claims against the Fund as neither the Board, officers, agents, or shareholders assume any personal liability for obligations entered into on behalf of the Fund.

THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK

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| **54022720.7 0501% 1930E 94125291** | - 12 - |

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**SCHEDULE A** 

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| | | |
|:---|:---|:---|
|  |  | **State of** |
| **<u>Fund</u>** |  **<u>Address</u>** | **<u>Organization</u>** |
| Vanguard/ | Vanguard Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maryland |
| Wellington Fund | Attn: Wellington Fund |  |
|  | Vanguard Financial Center |  |
|  | Valley Forge, PA 19482 |  |
| Vanguard/ | Vanguard Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maryland |
| Windsor II | Attn: Windsor II |  |
|  | Vanguard Financial Center |  |
|  | Valley Forge, PA 19482 |  |
| Vanguard Fixed | Vanguard Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maryland |
| Income Securities | Attn: Vanguard Fixed Income |  |
| Fund, Inc. | Securities Fund, Inc. |  |
|  | Vanguard Financial Center |  |
|  | Valley Forge, PA 19482 |  |

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| **54022720.7 050196 I930E 94125291** | - 14 - |

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**SCHEDULE B** 

**<u>Portfolios</u>**

Vanguard Fixed Income Securities Fund, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Long-term Corporate Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Long-term U.S. Treasury Portfolio

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| **54022720.7 050196 1930E 94125291** | - 15 - |

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**AMENDMENT NO.1 TO PARTICIPATION AGREEMENT** 

**THIS AMENDMENT NO. 1 TO PARTICIPATION AGREEMENT** (the "Amendment") is effective as of July 17, 1998, by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY (the "Company") and THE VANGUARD GROUP, INC. (the "Adviser").

**RECITALS** 

WHEREAS, the Company, the Adviser and certain Funds are parties to that Participation Agreement dated May 18, 1996 (the "Agreement") in connection with the participation by the Funds in Contracts offered by the Company; and

WHEREAS, the Company and the Adviser desire to limit the parties to the Agreement and desire to list new Funds under the Agreement;

NOW, THEREFORE, in consideration of the mutual promises set forth herein, the Company and the Adviser agree as follows:

The parties to the Agreement hereafter shall be the Company and the Adviser, and shall not require that each Fund under the Agreement be a party to the Agreement.

The Adviser shall uphold the representations made by the Funds in the Agreement.

Schedules A and B shall be combined into said Schedule A, and Schedule A to this Amendment shall replace the Schedule A and Schedule B to the Agreement.

Schedule A will list the Vanguard Funds and Portfolios to be used as funding vehicles by the Company under the Agreement.

IN WITNESS WHEREOF, the undersigned have executed this Amendment No. **1** effective the day and year first above written.

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| | | | |
|:---|:---|:---|:---|
| THE VARIABLE ANNUITY<br> LIFE INSURANCE COMPANY | THE VARIABLE ANNUITY<br> LIFE INSURANCE COMPANY | THE VANGUARD GROUP, INC. | THE VANGUARD GROUP, INC. |
| By: | ![LOGO](g934124page048.jpg) | By: | ![LOGO](g934124dsp449.jpg) |
|  | <br> Cynthia A. Toles<br> Senior Vice President,<br> General Counsel and Secretary |  | <br> Dennis Simmons<br> Principal - Legal |

---

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**SCHEDULE A** 

**Vanguard/ Wellington Fund** 

**Vanguard/ Windsor II** 

**Vanguard Fixed Income Securities Fund, Inc.** 

Long-Term Corporate Portfolio Long-Term U.S. Treasury Portfolio

**Vanguard STAR Fund** 

Vanguard LifeStrategy Growth Portfolio

Vanguard LifeStrategy Moderate Growth Portfolio

Vanguard LifeStrategy Conservative Growth Portfolio

• Each Vanguard Fund is organized as a Delaware Business Trust

• Notices may be sent to the Funds at:

The Vanguard Group, Inc., Post Office Box 2600, Valley Forge, PA 19482, (for overnight delivery)

The Vanguard Group, Inc., 100 Vanguard Boulevard, Malvern, PA 19355

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**THE VANGUARD GROUP, INC.** 

**SECOND AMENDMENT TO** 

**PARTICIPATION AGREEMENT** 

THIS SECOND AMENDMENT TO PARTICIPATION AGREEMENT, made this <u>13<sup>th</sup> day</u> of April, 2007, by and between THE VANGUARD GROUP, INC. ("Vanguard"), a Pennsylvania corporation with its principal place of business in Pennsylvania, and THE VARIABLE ANNUITY LIFE INSURANCE COMPANY ("VALIC"), a Texas life insurance company with its principal place of business in Texas, on its own behalf and on behalf of each segregated asset account ofV ALIC identified on Schedule A hereto (each, an "Account" and collectively, the "Accounts").

WITNESSETH:

WHEREAS, Vanguard, VALIC and certain Vanguard mutual funds entered into a Participation Agreement dated as of May 8, 1996 (the "Agreement");

WHEREAS, Vanguard and VALIC deem it necessary and desirable to amend the Agreement with respect to the application of certain Vanguard policies and procedures to the accounts maintained by VALIC, to remove the Vanguard funds as parties to the Agreement, and in certain other respects, all on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto, intending to be legally bound, hereby agree as follows:

**1. <u>Definitions.</u>** Unless otherwise defined herein, capitalized terms in this Amendment shall have the meanings assigned in the Agreement.

**2. <u>Amendments.</u>** The Agreement is hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All references in the Agreement to "Adviser" are changed to "Vanguard", and all references in the Agreement to a "Portfolio" or "Portfolios", or to a "Fund [and/or] Portfolio" or "Funds [and/or] Portfolios" are changed to "Fund" or "Funds," respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A new first "WHEREAS" clause is added on the first page of the Agreement to read in full as follows:

"WHEREAS, Vanguard provides services as transfer agent, dividend disbursement agent, and shareholder servicing agent for the open-end management investment companies registered under the Investment Company Act of 1940, as amended (the "1940 Act"), that are included in The Vanguard Group of investment companies, as well as Vanguard STAR Funds and Vanguard Institutional Index Fund (each, a "Fund" and collectively, the "Funds");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The current first "WHEREAS" clause on the first page of the Agreement is amended and restated to read in full as follows:

"WHEREAS, VALIC provides participant accounting, record-keeping, administrative and/or other services to certain variable annuity contracts designed and offered by VALIC (each, a "Contract" and collectively, the "Contracts") and to certain tax-qualified defined contribution plans (each, a "Plan" and collectively, the "Plans"); and".

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The current second and third "WHEREAS" clauses on the first page of the Agreement are deleted, and the current fifth "WHEREAS" clause on the first page of the Agreement is amended and restated to read in full as follows:

"WHEREAS, VALIC has established the Accounts to offer the Contracts and is desirous of having the Funds serve as underlying investment vehicles for the Contracts and as underlying investment options for the Plans; and".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The following new "WHEREAS" clauses are added after the "WHEREAS" clauses on the first page of the Agreement:

"WHEREAS, the Plans and the Contracts allow for the allocation of net amounts received by VALIC to the Accounts which correspond to each Fund for investment in shares of the Funds; and

WHEREAS, selection of a particular sub-account is made by the Plan participant or Contract owner, and such Plan participants and/or Contract owners may reallocate their investment options among the Accounts in accordance with the terms of the Plans or Contracts, as appropriate; and

WHEREAS, VALIC has established or will establish individual accounts on its record-keeping system reflecting all transactions by or on behalf of Plan participants and beneficiaries and Contract owners which result in purchases or redemptions by the Accounts of shares of the Funds;

WHEREAS, Vanguard has established or will establish accounts on its mutual fund shareholder record-keeping system to reflect the Accounts' ownership of shares of the Funds and all transactions by the Accounts involving such shares;

WHEREAS, Vanguard and VALIC desire to communicate information with respect to transactions by the Accounts involving shares of the Funds, pursuant to the terms and conditions set forth in this **Agreement;".**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The second sentence of Section 6(a) of the Agreement is amended and restated to read in full as follows:

"For purposes of this Section 6(a), VALIC shall be the agent of each Fund for receipt of such orders from VALIC and receipt in proper form by such agent prior to the close of regular trading on the New York Stock Exchange (generally, 4:00 p.m. Eastern time) ("Market Close") shall constitute receipt by such Fund; provided that the Fund receives notice via Vanguard's standard electronic data transmission format of such order by 5:00 a.m. Eastern time on the next following Business **Day."**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Section 6 of the Agreement is amended by adding new subsections (f), (g), (h), (i) and (j) to read in full as follows:

"(f) <u>Purchase and Redemption Fee Funds.</u> The parties acknowledge that VALIC does not hold shares of any Fund that imposes a purchase fee or a redemption fee (each, a "Fee Fund"). VALIC agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) It will not establish an account in any Fee Fund at any time during the term of this Agreement;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) IfV ALIC establishes an account in a Fee Fund in violation of this Section 6(1), Vanguard shall be authorized to cancel the order by means of which the account was established and to terminate the account at any time. Any such cancellation and termination shall be on a current-day basis, and Vanguard will return to VALIC the lesser of (A) the amount initially invested or (B) the then-current value of such investment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if the Board of Trustees of any Fund then held by VALIC determines to impose a purchase and/or redemption fee on transactions in such Fund, then upon receipt of notice from Vanguard of the Fund Board's decision, VALIC will cooperate in good faith with Vanguard to reach a mutually agreeable resolution regarding VALIC's investment in such Fund, which may include, as appropriate, VALIC's decision to divest itself of such Fund within a reasonable time, the parties' entering into an amendment to this Agreement addressing applicable requirements relating to the tracking, assessment and remittance of purchase and/or redemption fees, or such other arrangement as the parties may adopt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Multiple Share Class</u> <u>Funds.</u> The parties acknowledge that VALIC does not hold shares other than Investor Shares of any Fund offering multiple share classes (each, a "Multiple Class Fund"). VALIC agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) It will not establish an account in any share class of a Multiple Class Fund other than Investor Shares at any time during the term of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) IfV ALIC establishes an account in a share class of a Multiple Class Fund other than Investor Shares in violation of this Section 6(g), Vanguard shall be authorized to cancel the order by means of which the account was established and to terminate the account at any time. Any such cancellation and termination shall be on a current-day basis, and Vanguard will return to VALIC the lesser of (A) the amount initially invested or (B) the then-current value of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>VALIC's Frequent Trading Policy.</u> VALIC agrees that it will apply the frequent trading policy described in or attached as Exhibit A to this Agreement to Plan participants and Contract owners investing in the Funds through the Accounts, as such Exhibit may be amended by VALIC upon reasonable advance written notice to Vanguard.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Extraordinary Plan Events.</u> VALIC is not authorized to accept as Vanguard's agent any purchase or redemption of shares in an amount which equals or exceeds the "Large Transaction Amount" for a Fund (as specified in Exhibit B attached to this Agreement, as in effect from time to time), where such order is the result of an "Extraordinary Plan Event" of which VALIC is aware, unless VALIC has notified Vanguard of such order, by calling VALIC's designated Vanguard operations team, as soon as practicable on the trade date and in no event later than one hour prior to the Market Close on the trade date. For these purposes, an "Extraordinary Plan Event" shall mean an event outside the normal operation of a Plan or an Account such as an entire Plan or Account moving into or out of a Fund or an asset transfer or merger arising from a merger, acquisition or divestiture. In addition, in accordance with the prospectus of each Fund, Vanguard reserves the right to refuse any purchase order, or to delay settlement of any redemption order, which Vanguard, in its sole discretion, deems disruptive or detrimental to the applicable Fund. In connection with any redemption order that equals or exceeds the applicable Large Transaction Amount, Vanguard reserves the right to delay delivery of redemption proceeds for up to seven days, to the extent permitted by applicable law or regulation, or to effect the redemption through an in-kind distribution of securities. Vanguard reserves the right to revise Exhibit B at any time and will provide 30 days' advance written notice of such revision to VALIC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G) <u>Certain Transactions and Restrictions.</u>

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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;(i) VALIC agrees that it will provide, not later than five Business Days after receipt of a written request by Vanguard on behalf of a Fund, the Taxpayer Identification Number of any or all Plan participants and/or Contract owner(s) and the amount, date, name of investment professional associated with the Plan participant and/or Contract owner (if any), and transaction type (purchase, redemption, transfer, or exchange) of every purchase, redemption, transfer, or exchange transaction by such Plan participant and/or Contract owner investing in a Fund through an Account, held through an account maintained by VALIC during the specific period covered by the request. Requests must set forth a specific period, not to exceed 90 calendar days from the date of the request, for which transaction information is sought. Vanguard may request transaction information older than 90 calendar days from the date of the request as it deems necessary to investigate compliance with policies established by a Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding shares issued by such Fund. Unless required by applicable law, rule or regulation, Vanguard and the Funds agree not to use the information received under this Section for marketing or any other purpose not related to (A) limiting or reducing abusive trading in shares issued by the Funds or (B) collecting purchase or redemption fees (if any).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) VALIC agrees that it will execute written instructions from Vanguard on behalf of a Fund, including instructions to restrict or prohibit purchases or exchanges of Fund shares in specific accounts or by or on behalf of specific Plan participants and/or Contract owners identified by such Fund. Any such instructions by Vanguard shall include the Taxpayer Identification Number or equivalent identifying number of the Plan participant(s) and/or Contract owner(s) to which the instructions relate and the specific restriction(s) to be executed. VALIC agrees that it will execute any such instructions as soon as reasonably practicable, but not later than five Business Days after receipt of the instructions by VALIC. VALIC agrees to provide confirmation to Vanguard as soon as reasonably practicable that instructions have been executed, but not later than ten Business Days after the instructions have been executed."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) Section 7 of the Agreement is amended and restated to read in full as follows:

"(a) Vanguard shall provide VALIC with as many copies of each Fund's current prospectus, statement of additional information and latest annual and semi-annual report, in each case as VALIC may reasonably request. Vanguard shall provide VALIC with as many copies of any prospectus supplement(s) for each Fund as VALIC may reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon Vanguard's notification to VALIC of an upcoming Fund proxy solicitation, VALIC shall provide to the Fund's print/mail vendor a list of Plan participant and/or Contract owner addresses as of the requested record date for inclusion in the Fund's proxy mailing. Plan participants and Contract owners, as appropriate, will be responsible for voting all proxies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Copies of the materials described in this Section shall be furnished to VALIC at Vanguard's expense and shall be distributed to Plan participants and Contract owners at VALIC's expense, except that Fund proxy solicitation and/or information statement materials shall be printed and distributed to Plan participants and Contract owners at the expense of Vanguard or the appropriate Fund(s). Unless otherwise provided herein, all parties to this Agreement shall bear all expenses incident to the performance of their respective duties under this Agreement."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Section 16 of the Agreement is amended by adding a new subsection (c) to read in full as follows:

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"(c) This Agreement may be modified or amended from time to time by mutual written agreement of the parties; *provided, however,* that Exhibit A may be modified by VALIC at any time upon reasonable advance written notice to Vanguard, and *provided further,* that Exhibit B may be modified by Vanguard upon 30 days' advance written notice to Vanguard."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The parties' notice addresses in Section 18 are modified to read as follows: "If to Vanguard The Vanguard Group, Inc.

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| | |
|:---|:---|
| "If to Vanguard | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Vanguard Group, Inc. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 Vanguard Boulevard |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Malvern, PA 19355 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Attention: Principal, Institutional Asset Management Operations Fax |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No.: (610) 669-4637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No.: (610) 669-4637 |
| Copy to: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Vanguard Group, Inc. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal Department, V26 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 Vanguard Blvd. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Malvern, PA 19355 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Attention: Intermediary Agreements |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fax No.: (610) 503-5737 |
| If to VALIC: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Variable Annuity Life Insurance Company |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2929 Allen Parkway, L4-01 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Houston, TX 77019 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Attention: Katherine Stoner |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fax No.: (713) 831-5011 |
| Copy to: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Variable Annuity Life Insurance Company |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2929 Allen Parkway, L13-20 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Houston, TX 77019 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Attention: Thomas M. Ward |
|  | Fax No.: (713) 831-4124" |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) New Sections 23 and 24 are added to the Agreement to read as follows:

"23. <u>Proprietary Information and Privacy.</u> Each party hereto aclmowledges that the identities of the other party's customers (including, with respect to VALIC, for purposes of this section, Plans, Plan participants and Contract owners), information maintained by such other party regarding those customers ("Customer Information"), and all computer programs and procedures developed by such other party or such other party's affiliates or agents in connection with such other party's performance of its duties hereunder (such information, together with Customer Information, "Confidential Information") constitute the valuable property of such other party. Each party agrees that should it come into possession of any Confidential Information of the other party, pursuant to this Agreement or any other agreement related to services under this Agreement, the party who acquired such Confidential Information (the "receiving party") shall use its best efforts to hold such Confidential Information in confidence and refrain from using, disclosing, or distributing any of such Confidential Information, except (a) as required or necessary to carry out the obligations imposed by this Agreement, (b) with the other party's prior written consent, or (c) as required by law or judicial process. Each party agrees to comply, at a minimum, with all applicable privacy laws, including those promulgated pursuant to Title V of the Grarnm-Leach-Bliley Act of 1999. The receiving party agrees to maintain physical, electronic and procedural safeguards reasonably designed to protect the security, confidentiality, and integrity of, and to prevent unauthorized access to or use of, Customer Information. Each party aclmowledges that any breach of the

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foregoing agreements as to the other party would result in immediate and irreparable harm to such other party for which there would be no adequate remedy at law and agrees that in the event of such a breach, such other party will be entitled to equitable relief by way of temporary and permanent iajunctions, as well as such other relief as any court of competent jurisdiction shall deem appropriate. Notwithstanding the foregoing, this section shall not prohibit the receiving party from utilizing the other party's Confidential Information, if and to the extent such Confidential Information: (i) is or becomes a matter of public knowledge through no fault of the receiving party; or (ii) was in the receiving party's possession or known by it prior to receipt from such other party; or (iii) was rightfully disclosed to the receiving party by another person without restriction; or (iv) is independently developed by the receiving party without access to such other party's Confidential Information. The provisions of this section shall survive the termination of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. <u>Anti-Money Laundering Policies.</u> VALIC understands and acknowledges that it may have responsibility for complying with applicable federal anti-money laundering laws and regulations with respect to customers. VALIC has adopted and enforces an effective anti-money laundering program as required by applicable federal law and regulation, and will provide to Vanguard such additional certifications as it may request in writing from time to time as to the existence, enforcement and effectiveness of such program."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Schedule A to the Agreement is replaced with Schedule A to this Amendment, and Exhibits A and B to this Amendment are added to the Agreement as Exhibits A and B, respectively.

3. **<u>No Other Amendments.</u>** Except as specifically modified herein, the Agreement remains in full force and effect.

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SCHEDULE A

VALIC ACCOUNTS

The Variable Annnity Life Insnrance Company Separate Account A

The Variable Annuity Life Insurance Company Separate Account C

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**Exhibit A** 

**INVESTOR TRADING POLICY** 

VALIC has a policy to discourage excessive trading and market timing. Excessive trading can be harmful for long-term investors because it can be disruptive to a mutual fund and cause fund expenses to increase. **VALIC will permit up to 15 transfers per calendar year between investment options, submitted via the Internet or by telephone.** Multiple transfers between investment options on the same day will be counted as a single transfer for purposes of applying this limitation. Transfers in excess of this limit will be required to be submitted in writing by regular U.S. mail and/or investors may be restricted to one transfer every 30 days.

VALIC's investment options are not designed to accommodate short-term trading or "market timing" organizations or individuals engaged in trading strategies that include programmed transfers, frequent transfers or transfers that are large in relation to the total assets of a mutual fund. These trading strategies may be disruptive to mutual funds by diluting the value of the fund shares, negatively affecting investment strategies and increasing portfolio turnover, as well as raising recordkeeping and transaction costs. Further, excessive trading harms fund investors, as the excessive trader takes security profits intended for the entire fund, in effect forcing securities to be sold to meet redemption needs. The premature selling and disrupted investment strategy causes fund performance to suffer, and exerts downward pressure on the fund's price per share. If VALIC determines, in its sole discretion, that an investor's transfer patterns among the investment options reflect a potentially harmful strategy, VALIC will require that transfers be submitted in writing by regular U.S. mail, to protect the other investors.

Regardless of the number of transfers an investor has made, VALIC will monitor and may restrict investors' transfer privileges, if it appears that an investor is engaging in a potentially harmful pattern of transfers. VALIC will notify an investor in writing if the investor is restricted to mailing transfer requests to us via the U.S. mail service. Some of the factors VALIC will consider when reviewing transfer activities include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the dollar amount of the transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the total assets of the investment options involved in the transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the number of transfers completed in the current calendar quarter; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• whether the transfer is part of a pattern of transfers to take advantage of short-term market fluctuations.

VALIC intends to enforce these frequent trading policies uniformly. VALIC makes no assurances that all the risks associated with frequent trading will be completely eliminated by these policies and/or restrictions. If VALIC is unable to detect or prevent market timing activity, the effect of such activity may result in additional transaction costs for the investment options and dilution of long-term performance returns. Thus, an investor's account value may be lower due to the effect of the extra costs and resultant lower performance. VALIC reserves the right to modify these policies at any time.

**Rev. May 1, 2005** 

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**EXHIBIT B** 

**LARGE TRANSACTION AMOUNTS** 

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| | | | |
|:---|:---|:---|:---|
| **Fund Name\*** | **Fund<br>Number** | **Ticker<br>Symbol** | **Large Transaction<br>Amount** |
|  Vanguard 500 Index Fund (Investor) | 0040 | VFINX | $1000000 |
|  Vanguard 500 Index Fund (Admiral) | 0540 | VFIAX | 1000000 |
|  Vanguard Admiral Treasury Money Market Fund | 0011 | VUSXX | 5000000 |
|  Vanguard Asset Allocation Fund (Investor) | 0078 | VAAPX | 3000000 |
|  Vanguard Asset Allocation Fund (Admiral) | 0578 | VAARX | 3000000 |
|  Vanguard Balanced Index Fund (Investor) | 0002 | VBINX | 1000000 |
|  Vanguard Balanced Index Fund (Admiral) | 0502 | VBIAX | 1000000 |
|  Vanguard Balanced Index Fund (Institutional) | 0869 | VBAIX | 1000000 |
|  **Vanguard California Intermediate-Term Tax-Exempt Fund (Investor)** | 0100 | VCAIX | 1000000 |
|  **Vanguard California Intermediate-Term Tax-Exempt Fund (Admiral)** | 5100 | VCADX | 1000000 |
|  Vanguard California Long-Term Tax-Exempt Fund (Investor) | 0075 | VCITX | 1000000 |
|  Vanguard California Long-Term Tax-Exempt Fund (Admiral) | 0575 | VCLAX | 1000000 |
|  **Vanguard California Tax-Exempt Money Market Fund** | 0062 | VCTXX | 1000000 |
|  Vanguard Capital Opportunity Fund (Investor) | Olli | VHCOX | 1000000 |
|  Vanguard Capital Opportunity Fund (Admiral) | 5111 | VHCAX | 1000000 |
|  Vanguard Capital Value Fund | 0328 | VCVLX | 500000 |
|  **Vanguard Consumer Discretionary Index Fund (Admiral)** | 5483 | VCDAX | 100000 |
|  Vanguard Consumer Staples Index Fund (Admiral) | 5484 | VCSAX | 100000 |
|  **Vanguard Convertible Securities Fund** | 0082 | VCVSX | 500000 |
|  Vanguard Developed Markets Index Fund | 0227 | VDMIX | 500000 |
|  Vanguard Diversified Equity Fund | 0608 | VDEQX | 25000 |
|  **Vanguard Dividend Appreciation Index Fund** | 0602 | VDAIX | 100000 |
|  **Vanguard Dividend Growth Fund** | 0057 | VDIGX | 1000000 |
|  Vanguard Emerging Markets Stock Index Fund (Investor) | 0533 | VEIEX | 250000 |
|  Vanguard Emerging Markets Stock Index Fund (Admiral) | 5533 | VEMAX | 250000 |
|  Vanguard Emerging Markets Stock Index Fund (Institutional) | 0239 | VEMIX | 250000 |
|  **Vanguard Energy Fund (Investor)** | 0051 | VGENX | 1000000 |
|  Vanguard Energy Fund (Admiral) | 0551 | VGELX | 1000000 |
|  Vanguard Energy Index Fund (Admiral) | 5480 | VENAX | 200000 |
|  Vanguard Equity Income Fund (Investor) | 0065 | VEIPX | 2000000 |
|  Vanguard Equity Income Fund (Admiral) | 0565 | VEIRX | 2000000 |
|  Vanguard European Stock Index Fund (Investor) | 0079 | VEURX | 500000 |
|  Vanguard European Stock Index Fund (Admiral) | 0579 | VEUSX | 500000 |
|  Vanguard European Stock Index Fund (Institutional) | 0235 | VESIX | 500000 |
|  **Vanguard Explorer Fund (Investor)** | 0024 | VEXPX | 1000000 |
|  Vanguard Explorer Fund (Admiral) | 5024 | VEXRX | 1000000 |
|  Vanguard Extended Market Index Fund (Investor) | 0098 | VEXMX | 1000000 |
|  Vanguard Extended Market Index Fund (Admiral) | 0598 | VEXAX | 1000000 |
|  Vanguard Extended Market Index Fund (Institutional) | 0856 | VIEIX | 1000000 |
|  Vanguard Federal Money Market Fund | 0033 | VMFXX | 25000000 |
|  Vanguard Financials Index Fund (Admiral) | 5486 | VFAIX | 200000 |
|  **Vanguard Florida Long-Term Tax-Exempt Fund (Investor)** | 0018 | VFLTX | 1000000 |
|  Vanguard Florida Long-Term Tax-Exempt Fund (Admiral) | 0518 | VFLRX | 1000000 |
|  Vanguard FTSE All-World ex-US Index Fund (Institutional) | 0881 | VFWSX | 25000 |
|  Vanguard FTSE All-World ex-US Index Fund (Investor) | 0770 | VFWIX | 25000 |
|  Vanguard FTSE Social Index Fund (Investor) | 0213 | VFTSX | 100000 |
|  Vanguard FTSE Social Index Fund (Institutional) | 0223 | VFTNX | 100000 |
|  Vanguard Global Equity Fund | 0129 | VHGEX | 1000000 |
|  Vanguard GNMA Fund (Investor) | 0036 | VFIIX | 5000000 |
|  Vanguard GNMA Fund (Admiral) | 0536 | VFW(| 5000000 |
|  Vanguard Growth Equity Fund (Investor) | 0544 | VGEQX | 1000000 |
|  Vanguard Growth and Income Fund (Investor) | 0093 | VQNPX | 2000000 |
|  Vanguard Growth and Income Fund (Admiral) | 0593 | VGIAX | 2000000 |
|  Vanguard Growth Index Fund (Investor) | 0009 | V!GRX | 1000000 |
|  Vanguard Growth Index Fund (Admiral) | 0509 | VIGAX | 1000000 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **Fund Name\*** | **Fund<br>Number** | **Ticker<br>Symbol** | **Large Transaction<br>Amount** |
|  Vanguard Growth Index Fund (Institutional) | 0868 | VIGIX | 1000000 |
|  Vanguard Health Care Fund (Investor) | 0052 | VGHCX | 5000000 |
|  Vanguard Health Care Fund (Admiral) | 0552 | VGHAX | 5000000 |
|  Vanguard Health Care Index Fund (Admiral) | 5485 | VHCIX | 200000 |
|  Vanguard High Dividend Yield Index Fund | 0623 | VHDYX | 25000 |
|  Vanguard High-Yield Corporate Fund (Investor) | 0029 | VWEHX | 5000000 |
|  Vanguard High-Yield Corporate Fund (Admiral) | 0529 | VWEAX | 5000000 |
|  Vanguard High-Yield Tax-Exempt Fund (Investor) | 0044 | VWAHX | 1000000 |
|  Vanguard High-Yield Tax-Exempt Fund (Admiral) | 5044 | VWALX | 1000000 |
|  Vanguard Industrials Index Fund (Admiral) | 5482 | VINAX | 100000 |
|  **Vanguard Inflation-Protected Securities Fund (Investor)** | 0119 | VIPSX | 1500000 |
|  **Vanguard Inflation-Protected Securities Fund (Admiral)** | 5119 | VAIPX | 1500000 |
|  Vanguard Inflation-Protected Securities Fund (Institutional) | 1190 | VIPIX | 1500000 |
|  Vanguard Information Technology Index Fund (Admiral) | 5487 | VITAX | 100000 |
|  **Vanguard Institutional Developed Markets Index Fund** | 0234 | VIDMX | 500000 |
|  Vanguard Institutional Index Fund (Institutional) | 0094 | VINIX | 1000000 |
|  Vanguard Institutional Index Fund (Institutional Plus) | 0854 | VIIIX | 1000000 |
|  **Vanguard Institutional Total Bond Market Index Fund** | 0337 | VITBX | 1000000 |
|  Vanguard Institutional Total Stock Market Index Fund (Institutional) | 0870 | VITNX | 1000000 |
|  Vanguard Institutional Total Stock Market Index Fund (Institutional Plus) | 0871 | VITPX | 1000000 |
|  Vanguard Insured Long-Term Tax-Exempt Fund (Investor) | 0058 | VlLPX | 1000000 |
|  Vanguard Insured Long-Term Tax-Exempt Fund (Admiral) | 0558 | VILQX | 1000000 |
|  **Vanguard Intermediate-Term Bond Index Fund (Investor)** | 0314 | VBIIX | 1000000 |
|  Vanguard Intermediate-Term Bond Index Fund (Admiral) | 5314 | VBILX | 1000000 |
|  **Vanguard Intermediate-Term Bond Index Fund (Institutional)** | 0504 | VBIMX | 1000000 |
|  Vanguard Intermediate-Term Investment-Grade Fund (Investor) | 0071 | VFICX | 1000000 |
|  Vanguard Intermediate-Term Investment-Grade Fund (Admiral) | 0571 | VFIDX | 1000000 |
|  **Vanguard Intermediate-Term Tax-Exempt Fund (Investor)** | 0042 | VWITX | 1000000 |
|  **Vanguard Intermediate-Term Tax-Exempt Fund (Admiral)** | 0542 | VWIUX | 1000000 |
|  **Vanguard Intermediate-Term Treasury Fund (Investor)** | 0035 | VFITX | 1000000 |
|  **Vanguard Intermediate-Term Treasury Fund (Admiral)** | 0535 | VFIUX | 1000000 |
|  **Vanguard International Explorer Fund** | 0126 | VINEX | 1000000 |
|  Vanguard International Growth Fund (Investor) | 0081 | VWIGX | 2000000 |
|  Vanguard International Growth Fund (Admiral) | 0581 | VWILX | 2000000 |
|  **Vanguard International Value Fund** | 0046 | VTRIX | 2000000 |
|  Vanguard Large-Cap Index Fund (Investor) | 0307 | VLACX | 200000 |
|  Vanguard Large-Cap Index Fund (Admiral) | 5307 | VLCAX | 200000 |
|  Vanguard Large-Cap Index Fund (Institutional) | 0807 | VLISX | 200000 |
|  **Vanguard LifeStrategy Conservative Growth Fund** | 0724 | VSCGX | 1000000 |
|  Vanguard LifeStrategy Growth Fund | 0122 | VASGX | 1000000 |
|  Vanguard LifeStrategy Income Fund | 0723 | VASIX | 1000000 |
|  Vanguard LifeStrategy Moderate Growth Fund | 0914 | VSMGX | 1000000 |
|  **Vanguard Limited-Term Tax-Exempt Fund (Investor)** | 0031 | VMLTX | 1000000 |
|  Vanguard Limited-Term Tax-Exempt Fund (Admiral) | 0531 | VMLUX | 1000000 |
|  Vanguard Long-Term Bond Index Fund (Investor) | 0522 | VBLTX | 250000 |
|  Vanguard Long-Term Bond Index Fund (Institutional) | 0545 | VBLLX | 250000 |
|  Vanguard Long-Term Investment-Grade Fund (Investor) | 0028 | VWESX | 5000000 |
|  Vanguard Long-Term Investment-Grade Fund (Admiral) | 0568 | VWETX | 5000000 |
|  Vanguard Long-Term Tax-Exempt Fund (Investor) | 0043 | VWLTX | 1000000 |
|  Vanguard Long-Term Tax-Exempt Fund (Admiral) | 0543 | VWLUX | 1000000 |
|  **Vanguard Long-Term Treasury Fund (Investor)** | 0083 | VUSTX | 1000000 |
|  **Vanguard Long-Term Treasury Fund (Admiral)** | 0583 | VUSUX | 1000000 |
|  **Vanguard Massachusetts Tax-Exempt Fund** | 0168 | VMATX | 500000 |
|  Vanguard Materials Index Fund (Admiral) | 5481 | VMIAX | 100000 |
|  Vanguard Mid-Cap Growth Fund | 0301 | VMGRX | 1000000 |
|  Vanguard Mid-Cap Growth Index Fund | 0832 | VMGIX | 100000 |
|  Vanguard Mid-Cap Index Fund (Investor) | 0859 | VIMSX | 1000000 |
|  Vanguard Mid-Cap Index Fund (Admiral) | 5859 | VIMAX | 1000000 |
|  Vanguard Mid-Cap Index Fund (Institutional) | 0864 | VMCIX | 1000000 |
|  Vanguard Mid-Cap Value Index Fund | 0835 | VMVIX | 100000 |
|  Vanguard Morgan Growth Fund (Investor) | 0026 | VMRGX | 5000000 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **Fund Name\*** | **Fund<br>Number** | **Ticker<br>Symbol** | **Large Transaction<br>Amount** |
|  Vanguard Morgan Growth Fund (Admiral) | 0526 | VMRAX | 5000000 |
|  Vanguard New Jersey Long-Term Tax-Exempt Fund (Investor) | 0014 | VNJTX | 1000000 |
|  Vanguard New Jersey Long-Term Tax-Exempt Fund (Admiral) | 0514 | VNJUX | 1000000 |
|  Vanguard New Jersey Tax-Exempt Money Market Fund | 0095 | VNJXX | 1000000 |
|  Vanguard New York Long-Term Tax-Exempt Fund (Investor) | 0076 | VNYTX | 1000000 |
|  Vanguard New York Long-Term Tax-Exempt Fund (Admiral) | 0576 | VNYUX | 1000000 |
|  Vanguard New York Tax-Exempt Money Market Fund | 0163 | VYFXX | 1000000 |
|  **Vanguard Ohio Long-Term Tax-Exempt Fund** | 0097 | VOHIX | 500000 |
|  **Vanguard Ohio Tax-Exempt Money Market Fund** | 0096 | VOHXX | 1000000 |
|  Vanguard Pacific Stock Index Fund (Investor) | 0072 | VPACX | 250000 |
|  Vanguard Pacific Stock Index Fund (Admiral) | 0572 | VPADX | 250000 |
|  Vanguard Pacific Stock Index Fund (Institutional) | 0237 | VPKIX | 250000 |
|  Vanguard Pennsylvania Long-Term Tax-Exempt Fund (Investor) | 0077 | VPAlX | 1000000 |
|  **Vanguard Pennsylvania Long-Term Tax-Exempt Fund (Admiral)** | 0577 | VPALX | 1000000 |
|  **Vanguard Pennsylvania Tax-Exempt Money Market Fund** | 0063 | VPTXX | 1000000 |
|  Vanguard Precious Metals & Mining Fund | 0053 | VGPMX | 1000000 |
|  Vanguard Prime Money Market Fund | 0030 | VMMXX | 25000000 |
|  Vanguard Prime Money Market Fund (Institutional) | 0066 | VMRXX | 25000000 |
|  Vanguard PRIMECAP Core Fund | 1220 | VPCCX | 1000000 |
|  Vanguard PRIMECAP Fund (Investor) | 0059 | VPMCX | 1000000 |
|  Vanguard PRIMECAP Fund (Admiral) | 0559 | VPMAX | 1000000 |
|  Vanguard REIT Index Fund (Investor) | 0123 | VGSIX | 500000 |
|  Vanguard REIT Index Fund (Admiral) | 5123 | VGSLX | 500000 |
|  Vanguard REIT Index Fund (Institutional) | 3123 | VGSNX | 500000 |
|  Vanguard Selected Value Fund | 0934 | VASVX | 2000000 |
|  Vanguard Short-Term Bond Index Fund (Investor) | 0132 | VBISX | 2000000 |
|  Vanguard Short-Term Bond Index Fund (Admiral) | 5132 | VBIRX | 2000000 |
|  Vanguard Short-Term Federal Fund (Investor) | 0049 | VSGBX | 1000000 |
|  Vanguard Short-Term Federal Fund (Admiral) | 0549 | VSGDX | 1000000 |
|  Vanguard Short-Term Investment-Grade Fund (Investor) | 0039 | VFSTX | 1000000 |
|  **Vanguard Short-Term Investment-Grade Fund (Admiral)** | 0539 | VFSUX | 1000000 |
|  Vanguard Short-Term Investment-Grade Fund (Institutional) | 0858 | VFSIX | 1000000 |
|  Vanguard Short-Term Tax-Exempt Fund (Investor) | 0041 | VWSTX | 1000000 |
|  Vanguard Short-Term Tax-Exempt Fund (Admiral) | 0541 | VWSUX | 1000000 |
|  Vanguard Short-Term Treasury Fund (Investor) | 0032 | VFISX | 1000000 |
|  Vanguard Short-Term Treasury Fund (Admiral) | 0532 | VFIRX | 1000000 |
|  Vanguard Small-Cap Growth Index Fund | 0861 | VISGX | 500000 |
|  Vanguard Small-Cap Growth Index Fund (Institutional) | 0866 | VSGIX | 500000 |
|  Vanguard Small-Cap Index Fund (Investor) | 0048 | NAESX | 1000000 |
|  Vanguard Small-Cap Index Fund (Admiral) | 0548 | VSMAX | 1000000 |
|  Vanguard Small-Cap Index Fund (Institutional) | 0857 | VSCIX | 1000000 |
|  Vanguard Small-Cap Value Index Fund | 0860 | VISVX | 500000 |
|  Vanguard Small-Cap Value Index Fund (Institutional) | 0865 | VSIIX | 500000 |
|  Vanguard STAR Fund | 0056 | VGSTX | 1000000 |
|  Vanguard Strategic Equity Fund | 0114 | VSEQX | 250000 |
|  Vanguard Strategic Small-Cap Equity Fund | 0615 | VSTCX | 100000 |
|  Vanguard Structured Broad Market Fund (Institutional) | 0882 | VSBMX | 25000 |
|  Vanguard Structured Broad Market Fund (Institutional Plus) | 0883 | VSBPX | 25000 |
|  Vanguard Structured Large-Cap Equity Fund (Institutional) | 0872 | VSLIX | 25000 |
|  Vanguard Structured Large-Cap Equity Fund (Institutional Plus) | 0873 | VSLPX | 25000 |
|  Vanguard Structured Large-Cap Growth Fund (Institutional) | 0876 | VSTLX | 25000 |
|  Vanguard Structured Large-Cap Growth Fund (Institutional Plus) | 0877 | VSGPX | 25000 |
|  **Vanguard Structured Large-Cap Value Fund (Institutiona1)** | 0874 | VSEVX | 25000 |
|  Vanguard Structured Large-Cap Value Fund (Institutional Plus) | 0875 | VSLVX | 25000 |
|  **Vanguard Target Retirement Income Fund** | 0308 | VTINX | 500000 |
|  Vanguard Target Retirement 2005 Fund | 0302 | VTOVX | 500000 |
|  **Vanguard Target Retirement 2010 Fund** | 0681 | VTENX | 100000 |
|  Vanguard Target Retirement 20I*5* Fund | 0303 | VTXVX | 1000000 |
|  Vanguard Target Retirement 2020 Fund | 0682 | VTWNX | 100000 |
|  Vanguard Target Retirement 2025 Fund | 0304 | VTTVX | 1000000 |
|  Vanguard Target Retirement 2030 Fund | 0695 | VTHRX | 100000 |
|  Vanguard Target Retirement 2035 Fund | 0305 | VTTHX | 1000000 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **Fund Name\*** | **Fund<br>Number** | **Ticker<br>Symbol** | **Large Transaction<br>Amount** |
|  Vanguard Target Retirement 2040 Fund | 0696 | VFORX | 25000 |
|  Vanguard Target Retirement 2045 Fund | 0306 | VTIVX | 1000000 |
|  Vanguard Target Retirement 2050 Fund | 0699 | VFIFX | 25000 |
|  Vanguard Tax-Exempt Money Market Fund | 0045 | VMSXX | 1000000 |
|  Vanguard Tax-Managed Balanced Fund | 0103 | VTMFX | 250000 |
|  Vanguard Tax-Managed Capital Appreciation Fund (Investor) | 0102 | VMCAX | 500000 |
|  Vanguard Tax-Managed Capital Appreciation Fund (Admiral) | 5102 | VTCLX | 500000 |
|  Vanguard Tax-Managed Capital Appreciation Fund (Institutional) | 0135 | VTCIX | 500000 |
|  Vanguard Tax-Managed Growth & Income Fund (Investor) | 0101 | VTGIX | 500000 |
|  Vanguard Tax-Managed Growth & Income Fund (Admiral) | 5101 | VTGLX | 500000 |
|  Vanguard Tax-Managed Growth & Income Fund (Institutional) | 0136 | VTMIX | 500000 |
|  Vanguard Tax-Managed International Fund (Investor) | 0127 | VTMGX | 250000 |
|  Vanguard Tax-Managed International Fund (Institutional) | 0137 | VTMNX | 250000 |
|  Vanguard Tax-Managed Small-Cap Fund (Investor) | 0116 | VTMSX | 500000 |
|  Vanguard Tax-Managed Small-Cap Fund (Institutional) | 0118 | VTSIX | 500000 |
|  **Vanguard Telecommunication Services Index Fund (Admiral)** | **5488** | **VTCAX** | 200000 |
|  Vanguard Total Bond Market Index Fund (Investor) | 0084 | VBMFX | 5000000 |
|  Vanguard Total Bond Market Index Fund (Admiral) | 0584 | VBTLX | 5000000 |
|  Vanguard Total Bond Market Index Fund (Institutional) | 0222 | VBTIX | 5000000 |
|  Vanguard Total International Stock Index Fund | 0113 | VGTSX | 500000 |
|  Vanguard Total Stock Market Index Fund (Investor) | 0085 | VTSMX | 1000000 |
|  Vanguard Total Stock Market Index Fund (Admiral) | 0585 | VTSAX | 1000000 |
|  Vanguard Total Stock Market Index Fund (Institutional) | 0855 | VITSX | 1000000 |
|  Vanguard Treasury Money Market Fund | 0050 | VMPXX | 5000000 |
|  Vanguard U.S. Growth Fund (Investor) | 0023 | VWUSX | 5000000 |
|  Vanguard U.S. Growth Fund (Admiral) | 0523 | VWUAX | 5000000 |
|  Vanguard U.S. Value Fund | 0124 | VUVLX | 1000000 |
|  Vanguard Utilities Index Fund (Admiral) | 5489 | VUIAX | 100000 |
|  Vanguard Value Index Fund (Investor) | 0006 | VIVAX | 1000000 |
|  Vanguard Value Index Fund (Admiral) | 0506 | VVIAX | 1000000 |
|  Vanguard Value Index Fund (Institutional) | 0867 | VIVIX | 1000000 |
|  Vanguard Wellesley Income Fund (Investor) | 0027 | VWINX | 5000000 |
|  Vanguard Wellesley Income Fund (Admiral) | 0527 | VWIAX | 5000000 |
|  Vanguard Wellington Fund (Investor) | 0021 | VWELX | 5000000 |
|  Vanguard Wellington Fund (Admiral) | 0521 | VWENX | 5000000 |
|  Vanguard Windsor Fund (Investor) | 0022 | VWNDX | 5000000 |
|  Vanguard Windsor Fund (Admiral) | 5022 | VWNEX | 5000000 |
|  Vanguard Windsor II Fund (Investor) | 0073 | VWNFX | 5000000 |
|  Vanguard Windsor JI Fund (Admiral) | 0573 | VWNAX | 5000000 |

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**\*The availability of funds may vary because of fund openings and closings or changes in minimum initial investments.** 

------

**AMENDMENT NO. 1 TOP ARTICIPATION AGREEMENT** 

**THIS AMENDMENT NO. 1 TO PARTICIPATION AGREEMENT** (the "Amendment") is effective as of July 17, 1998, by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY (the "Company") and THE VANGUARD GROUP, INC. (the "Adviser").

**RECITALS** 

WHEREAS, the Company, the Adviser and certain Funds are parties to that Participation Agreement dated May 18, 1996 (the "Agreement") in connection with the participation by the Funds in Contracts offered by the Company; and

WHEREAS, the Company and the Adviser desire to limit the parties to the Agreement and desire to list new Funds under the Agreement;

NOW, THEREFORE, in consideration of the mutual promises set forth herein, the Company and the Adviser agree as follows:

The parties to the Agreement hereafter shall be the Company and the Adviser, and shall not require that each Fund under the Agreement be a party to the Agreement.

The Adviser shall uphold the representations made by the Funds in the Agreement. Schedules A and B shall be combined into said Schedule A, and Schedule A to this

Amendment shall replace the Schedule A and Schedule B to the Agreement.

Schedule A will list the Vanguard Funds and Portfolios to be used as funding vehicles by the Company under the Agreement.

IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 1 effective the day and year first above written.

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| | | | |
|:---|:---|:---|:---|
| THE VARIABLE ANNUITY | THE VARIABLE ANNUITY | THE VANGUARD GROUP, INC. | THE VANGUARD GROUP, INC. |
| LIFE INSURANCE COMPANY | LIFE INSURANCE COMPANY |  |  |
| By: | ![LOGO](g934124page048.jpg) | By: | ![LOGO](g934124dsp463.jpg) |
|  | <br> Cynthia A. Toles<br> Senior Vice President, |  | <br> Dennis Simmons |
|  | General Counsel and Secretary |  | Principal - Legal |

---

------

**SCHEDULE A** 

**Vanguard / Wellington Fund** 

**Vanguard / Windsor II** 

**Vanguard Fixed Income Securities Fund, Inc.** 

Long-Term Corporate Portfolio

Long-Term U.S. Treasury Portfolio

**Vanguard STAR Fund** 

Vanguard LifeStrategy Growth Portfolio

Vanguard LifeStrategy Moderate Growth Portfolio

Vanguard LifeStrategy Conservative Growth Portfolio

• Each Vanguard Fund is organized as a Delaware Business Trust

• Notices may be sent to the Funds at:

The Vanguard Group, Inc., Post Office Box 2600, Valley Forge, PA 19482,

(for overnight delivery)

The Vanguard Group, Inc., 100 Vanguard Boulevard, Malvern, PA 19355

------

**AGREEMENT AND INDEMNIFICATION** 

THIS AGREEMENT AND INDEMNIFICATION is effective on the last date executed, •between The Vanguard Group of Investment Companies, hereafter referred to as "Vanguard" and The Variable Annuity Life Insurance Company, hereafter referred to as "VALIC'1.

WHEREAS, Vanguard and VALIC intend to enter into a certain agreement for the participation of certain Vanguard Mutual Funds, hereafter "Participating Mutual Funds" as portfolios underlying certain VALIC variable annuity products to be issued in California and elsewhere; and

WHEREAS, the California Department of Insurance requires a letter from Vanguard committing such Funds to abide by certain foreign investment restrictions (hereinafter referred to as the "California Foreign Investment Restrictions");

NOW THEREFORE, in consideration of the mutual covenants herein, VALIC and Vanguard agree as follows:

1. Vanguard will execute and deliver to VALIC or as instructed by VALIC, a commitment letter on behalf of each participating mutual fund, substantially in the Form as attached hereto as Exhibit 1.

2. VALIC will monitor the Participating Mutual Funds for actual or threatened violation of the California Foreign Investment Restrictions.

3. For each fund which Vanguard requires VALIC to monitor for violation of the California Foreign Investment Restrictions, Vanguard will:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) supply VALIC with the name and current value of each security in such fund, along with such information as VALIC and Vanguard shall agree is necessary and reasonable to identify and quantify the percentage of each foreign investment to the total portfolio, by country or nation to the extent required by California Foreign Investment Restrictions. Vanguard will provide VALIC with such information each calendar quarter via a means of electronic data transmission mutually acceptable to both parties. VALIC agrees to use such information supplied by Vanguard for the limited purpose of monitoring the California Investment Restrictions unless VALIC has received Vanguard's written authorization to use such information for other purposes, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) promptly advise VALIC of any change in Fundamental Investment Policy or in Non-Fundamental Investment Policy or in Investment Strategy, which Vanguard believes could have a substantive impact on any such fund's likelihood of failing to comply with the California Foreign Investment Restrictions.

------

4. VALIC will immediately advise Vanguard in writing upon VALIC's determination that any of such monitored funds has exceeded any of the California Foreign Investment Restrictions, or based on the policy and strategy of such fund appears to be in danger of exceeding any of such Restrictions.

5. VALIC further agrees to indemnify and hold harmless Vanguard, its officers and employees, agents, assigns, and successors from any and all loss or damage arising from VALIC's failure to monitor or to timely report any violation or determination of danger of violation of any then viable and enforceable California Foreign Investment Restriction.

The parties have executed this Agreement and Indemnification on the dates indicated below.

The Variable Annuity Life Insurance Company

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| | | |
|:---|:---|:---|
| By: |  | Date : 5/15/96 |
|  | <br> Name: Stephen D. Bickel |  |
|  | Title: Chairman and CEO |  |

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The Vanguard Group of Investment Companies

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| | |
|:---|:---|
| ![LOGO](g934124page051b.jpg) | Date *<u>5/21/96</u>* |
| <br> Officer |  |

---

------

**<u>EXHIBIT 1</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;May<u> </u> 1996

**<u>VIA FEDERAL EXPRESS</u>**

Mr. Charles W. Quackenbush

Insurance Commissioner

California Department of Insurance

770 L Street, Suite 1120

Sacramento, California 95814

Re: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Investment Restrictions</u>

Dear Sir:

We submit this commitment letter to you in connection with The Variable Annuity Life Insurance Company's (VALIC's) amendment to its application for variable annuity authority in California, concerning the underlying portfolios of VALIC's separate accounts.

We understand the California borrowing limits and foreign investment diversification requirements as follows:

<u>BORROWING LIMITS</u> 

These limits are (1) 10% for net asset value when borrowing fro any general purpose; and (2) 25% of net asset value when borrowing as a temporary measure to facilitate redemptions. Net asset value of a portfolio is the market value of all investments or assets owned less outstanding liabilities of the portfolio at the time that any new or additional borrowing is undertaken.

<u>FOREIGN INVESTMENTS DIVERSIFICATION REQUIREMENTS</u> 

These guidelines are that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. A portfolio will be invested in a minimum of five different foreign countries at all times. However, this minimum is reduced to four when foreign country investments comprise less than 80% of the portfolio's net asset value; to three when less than 60% of such value; to two when less than 40%; and to one when less than 20%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Except as set forth in items 3 and 4 below, a portfolio will have no more than 20% of its net asset value invested in securities of issuers located in any one country.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. A portfolio may have an additional 15% of its value invested in securities of issuers located in any one of the following countries: Australia, Canada, France, Japan, the United Kingdom or Germany.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. A portfolio's investments in United States issuers are not subject to the foreign country diversification guidelines

The Vanguard Group, Inc. represents that the investment objectives and operations of the following funds: Vanguard Fixed Income Securities Fund -- Long-Term U.S. Treasury Portfolio; Vanguard Fixed Income Securities Fund -- Long-Term Corporate Portfolio; Vanguard/Wellington Fund; and Vanguard/Windsor II Fund (collectively referred to as the "Funds"), currently and in the foreseen future will meet the above borrowing limits and Foreign Investment Diversification Requirements. We further commit on behalf of the Funds to withdraw this commitment by written notice to you, and to VALIC, if the investment objectives or operations of any of the Funds should change in such a way that such limits and requirements are not continued to be met with respect to any of the Funds.

Very truly yours, Raymond J. Klapinsky Secretary

------

![LOGO](g934124g0723194540124.jpg)

May 8, 1996

**<u>VIA FEDERAL EXPRESS</u>**

Mr. Charles W. Quackenbush

Insurance Commissioner

California Department of Insurance

770 L Street, Suite 120

Sacramento, California 95814

Re: Investment Restrictions

Dear Sir: <br>

We submit this commitment letter to you in connection with The Variable Annuity:Life . Insurance Company's (VALIC's) amendment to its application for variable annuity authority in California, concerning the underlying portfolios of VALIC's separate accounts.

We understand the California, borrowing limits and foreign investment diversification requirements as follows:

<u>BORROWING LIMITS</u> 

These limits are (1) l0% for net asset value when borrowing for any general purpose; and (2) 25% of net asset value when borrowing as a temporary measure to facilitate redemptions. Net asset value of a portfolio is the market value of all investments or assets owned less outstanding liabilities of the portfolio at the time that any new or additional borrowing is undertaken.

<u>FOREIGN INVESTMENTS DIVERSIFICATION REQUIREMENTS</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These guidelines are that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. A portfolio will be invested in a minimum of five different foreign countries at all times. However, this minimum is reduced to four when foreign country investments comprise less than 80% of the portfolio's net asset value; to three when less than 60% of such value; to two when less than 40%; and to one whenless than 20%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Except as set forth in items 3 and 4 below, a portfolio will have no more than 20% of its net asset value invested in securities of issuers located in any one country.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. A portfolio may have an additional 15% of its value invested in securities of issuers located in any one of the following countries: Australia, Canada, France, Japan, the United Kingdom or Germany.

Post Office Box 2600 ◾ Valley Forge, Pennsylvania 19482-2600 ◾ (610) 669-1000

------

Mr. Charles W. Quackenbush

May 8, 1996

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. A portfolio's investments in United States issuers are not subject to the foreign country diversification guidelines.

The Vanguard Group, Inc. represents that the investment objectives and operations of the following funds: Vanguard Fixed Income Securities Fund -- Long-Term U. S. Treasury Portfolio; Vanguard Fixed Income Securities Fund -- Long-Term Corporate Portfolio; Vanguard/Wellington Fund and Vanguard/Windsor II Fund (collectively referred to as the "Funds"), currently and in the foreseen future will meet the above borrowing limits and Foreign Investment Diversification Requirements. We further commit on behalf of the Funds to withdraw this commitment by written notice to you, and to VALIC, if the investment objectives or operations of any of the Funds should change in such a way that such limits and requirements are not continued to be met with respect to any of the Funds.

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| |
|:---|
| Very truly yours, |
| ![LOGO](g934124page056.jpg) |
| Raymond J. Klapinsky |
| Secretary |
| cc: Jim Janke - VALIC |

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![LOGO](g934124g0723194540301.jpg)

---

| | |
|:---|:---|
| May 22, 1996 | *RECEIVED*<br> *May 29* ***1996***<br>*LAW DIVISION* |

---

Mr. James F. Janke

Senior Associate General Counsel

The Variable Annuity Life Insurance Company

2929 Allen Parkway

Houston, TX 77019

Re: <u>Agreement and Indemnification</u>

Dear Jim:

I have enclosed a fully executed original of the Agreement and Indemnification between VALIC and Vanguard. We have retained the other original for our files.

Thank you for your assistance with this issue and please call with any questions or concerns.

Very truly yours,<br>![LOGO](g934124page058.jpg) <br>Dennis Simmons<br> Attorney -- Institutional Legal Department<br>

Enclosure

Post Office Box 2900 • Valley Forge, Pennsylvania 19482-2900 • (800) 523-1036

------

![LOGO](g934124g0723194540496.jpg)

**VALIC** 

\* An American General Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;August 18, 1997

Cynthia A. Toles

Senwr Associate General Counsel

And Secretary

William R. Gustafson, Principal

Institutional Marketing

The Vanguard Group, Inc.

Vanguard Financial Center

100 Vanguard Blvd.

Malvern, PA 19355

Re: Aetna No-Action Letter and Summary Fund Prospectuses

---

| | | |
|:---|:---|:---|
| Enclosures: | (1) | Draft Fund Summaries |
|  | (2) | Summary of Aetna No-Action Letter |
|  | (3) | Copies of Aetna No-Action Letter Request and SEC Staff'Response |

---

Dear Mr. Gustafson:

In light of a no-action letter recently issued to Aetna Life Insurance and Annuity Company ("Aetna") by the staff of the Office of Insurance Products of the Division of Investment Management of the Securities and Exchange Commission, VALIC is planning to change its prospectus delivery procedures for group variable annuity contracts to use summary fund prospectuses. Draft summaries for your funds are attached behind Tab 1. We have also attached a Summary of the Aetna no-action position (Tab 2) as well as the no-action request and SEC staff response (Tab 3).

We have all struggled with the current "pizza box" method of delivery of multiple fund prospectuses under variable insurance products. Essentially, the no-action letter permits insurers such as VALIC to deliver, at the time of enrollment, prospectus summaries instead of full statutory prospectuses for an insurance product and each of the underlying funds, so long as the summaries contain a legend indicating how a full statutory prospectus may be obtained. Under the Aetna no-action letter, the summary prospectuses are treated as Rule 482 ads. These new procedures will permit tremendous cost savings and provide a more effective and efficient way of providing necessary fund disclosure. We propose to implement the use of fund prospectus summaries at the time of enrollment, but will continue to provide our full statutory insurance product prospectus. We will continue to provide full fund statutary prospectuses to group sponsors, as well as to individual participants and upon request.

The Variable Annuity

Life Insurance Company

2929 Allen Parkway

Houston, Texas 77019

P.O. Box 3206

Houston, Texas 77253-3206

(713) 831-5065

------

William R. Gustafson, Principal

August 18, 1997

We hope to implement these procedures in the near future. Attached are drafts of proposed fund summaries for your review and approval. We believe these drafts meet the requirements of the Aetna no-action letter, but we need your approval of these "prototypes" before we proceed with the necessary NASD filings, etc. Going forward, the performance numbers in the fund summaries will be updated quarterly. Product performance numbers in the insurance product prospectus will vary by product series.

Please review the attached summaries behind Tab 1. We would appreciate your comments by September 2. Please call me if you have any questions or would care to discuss these new procedures.

In addition, we believe these procedures satisfy VALIC's obligation to distribute propsectus information to participants. Please acknowledge your acceptance of these procedures by signing and returning the enclosed copy of this letter.

---

| |
|:---|
| Yours very truly, |
| ![LOGO](g934124dsp474.jpg) |
| Cynthia A. Toles |

---

Acknowledged:

The Vanguard Group, Inc.

---

| | |
|:---|:---|
| By: | ![LOGO](g934124page061.jpg) |
| Name: | <br> William R. Gustafson |
| Title | Principal |

---

cc: Dennis Simmons, Esq.

Institutional Legal Dept.

X:\BRDMTGIUSLIFE\V ANGUARD.897

------

---

| | | |
|:---|:---|:---|
|  | ![LOGO](g934124g0723194540841.jpg) | **RECEIVED**<br> **AUG 25 *1997***<br> ***LAW DIVISION*** |
|  |  | **RECEIVED**<br> **AUG 25 *1997***<br> ***LAW DIVISION*** |
| August 22, 1997 |  | **RECEIVED**<br> **AUG 25 *1997***<br> ***LAW DIVISION*** |

---

Ms. Cynthia A. Toles

Senior Associate General Counsel

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and Secretary

The Variable Annuity Life Insurance Company

2929 Allen Parkway

Houston, TX 77019

Dear Cynthia:

Enclosed is our acknowledgment of VALIC's change in posture from the "pizza box" method of prospectus delivery to the utilization of summary fund prospectuses.

As I mentioned on the phone to you, the use of summary fund prospectuses is very consistent with Vanguard's current methodology with our own 401(k) activities. We provide "fact sheets" at enrollment and then forward prospectuses to those who have actually invested in a given fund.

This is certainly good news to Vanguard and I would think, also, to VALIC and your participants.

---

| |
|:---|
| Sincerely, |
| ![LOGO](g934124page063.jpg) |
| William R. Gustafson |
| Principal |
| Enclosure |

---

Post Office Box 2900 • Valley Forge, Pennsylvania 19482-2900 • (800) 523-1036

------

**AMENDMENT NO. 1 TOP ARTICIPATION AGREEMENT** 

**THIS AMENDMENT NO. 1 TO PARTICIPATION AGREEMENT** (the "Amendment") is effective as of July 17, 1998, by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY (The "Company") and THE VANGUARD GROUP, INC. (the "Adviser").

**RECITALS** 

WHEREAS, the Company, the Adviser and certain Funds are parties to that Participation Agreement dated May 18, 1996 (the "Agreement") in connection with the participation by the Funds in Contracts offered by the Company; and

WHEREAS, the Company and the Adviser desire to limit the parties to the Agreement and desire to list new Funds under the Agreement;

NOW, THEREFORE, in consideration of the mutual promises set forth herein, the Company and the Adviser agree as follows:

The parties to the Agreement hereafter shall be the Company and the Adviser, and shall not require that each Fund under the Agreement be a party to the Agreement.

The Adviser shall uphold the representations made by the Funds in the Agreement.

Schedules A and B shall be combined into said Schedule A, and Schedule A to this Amendment shall replace the Schedule A and Schedule B to the Agreement;

Schedule A will list the Vanguard Funds and Portfolios to be µsed as funding vehicles by the Company under the Agreement.

IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 1 effective the day and year first above written.

---

| | | | |
|:---|:---|:---|:---|
| **THE VARIBLE ANNUITY**<br> LIFE INSURANCE COMPANY | **THE VARIBLE ANNUITY**<br> LIFE INSURANCE COMPANY | THE VANGUARD GROUP, INC. | THE VANGUARD GROUP, INC. |
| BY: | ![LOGO](g934124page065a.jpg) | By: | ![LOGO](g934124page065b.jpg) |
|  | <br>Cynthia A. Toles |  | <br>Dennis Simmons |
|  | Senior Vice President, |  | Principal - Legal |
|  | General Counsel and Secreatary |  |  |

---

------

**SCHEDULE A** 

**Vanguard / Wellington Fund** 

**Vanguard / Windsor II** 

**Vanguard Fixed Income Securities Fund, Inc.** 

Long-Term Corporate Portfolio

Long-Term U.S. Treasury Portfolio

**Vanguard STAR Fund** 

Vanguard LifeStrategy Growth Portfolio

Vanguard LifeStrategy Moderate Growth Portfolio

Vanguard LifeStrategy Conservative Growth Portfolio

• Each Vanguard Fund is organized as a Delaware Business Trust

• Notices may be sent to the Funds at:

The Vanguard Group, Inc., Post Office Box 2600, Valley Forge, PA 19482,

(for overnight delivery)

The Vanguard Group, Inc., 100 Vanguard Boulevard, Malvern, PA 19355

------

**AMENDMENT TO PARTICIPATION AGREEMENT** 

Regarding

**FUND SHAREHOLDER REPORTS** 

This Amendment (the "Amendment") is entered into as of December 5, 2022, by and between **The Variable Annuity Life Insurance Company** (the "Company"), a Texas life insurance company, on its own behalf and on behalf of each separate account of the Company as set forth in the Participation Agreement, as may be amended from time to time (individually and collectively the "Accounts"), and **The Vanguard Group, Inc**. ("Vanguard"), a Pennsylvania corporation.

**RECITALS** 

WHEREAS, the Company and Vanguard (collectively, the "Parties") have entered into a certain Participation Agreement dated May 8, 1996, as amended (the "Participation Agreement"); and

WHEREAS, pursuant to the Participation Agreement between the Parties, the Company invests in shares of certain of the portfolios of funds under the Participation Agreement as a funding vehicle for the Accounts that issue variable annuity and/or life insurance contracts (the "Variable Contracts") to persons that are registered owners of such Variable Contracts on the books and records of the Company (the "Contract Owners"); and

WHEREAS, the Fund maintains on its books and records one or more account(s) that hold and record shares of the Portfolios owned by the Company on behalf of the Accounts; and

WHEREAS, the Accounts are registered as unit investment trusts under the Investment Company Act of 1940, as amended (the "1940 Act"); and

WHEREAS, the Accounts and/or the Company have certain obligations pursuant to Rule 30e-2 under the 1940 Act to deliver Fund shareholder reports to Contract Owners, which obligations may be satisfied by compliance with Rule 30e-3 under the 1940 Act ("Rule 30e-3" or "the Rule"); and

WHEREAS, the Parties desire to supplement and amend the Participation Agreement to reflect that the Company intends to implement the requirements, terms and conditions of Rule 30e-3 so as to satisfy the Accounts' and the Company's obligations under Rule 30e-2 and enable them to rely on Rule 30e-3;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, which consideration is full and complete, the Company and Vanguard hereby agree to supplement and amend the Participation Agreement as follows:

**1. Posting and Availability of Fund Shareholder Reports and Other Required Materials; Website Availability**.

**(a).** Vanguard shall, or shall ensure that the Fund (as defined in the Participation Agreement) shall, provide or make available to the Company the following Fund materials :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) *the most recent annual- and semi-annual reports to shareholders of the Portfolios (as defined in the Participation Agreement);*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) *complete Portfolio holdings from reports containing a summary schedule of investments*; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) *Portfolio holdings for most recent first and third fiscal quarters*;

(items (i) through (iii) collectively, the "Required Materials");

------

**(b).** Vanguard shall, at its sole expense, ensure that the Required Materials are made available via a website posting which Vanguard has determined in its sole discretion is in accordance with Rule 30e-3 (the "Specified Website"); for the avoidance of doubt, the Specified Website is intended to satisfy the compliance obligations of Vanguard and its Funds, *not* the compliance obligations of the Company and its Separate Accounts;

**2. Content of Required Materials.** Vanguard shall be responsible for the content of the Required Materials as posted to the Specified Website, including, but not limited to, the accuracy and completeness of the Required Materials. Without limiting the generality of the foregoing in any manner, Vanguard shall be responsible for ensuring that the Required Materials as posted to the Specified Website:

**(a).** Meet the applicable standards of the Securities Act of 1933, as amended; the Securities Exchange Act of 1934, as amended; the 1940 Act; and all rules and regulations under those Acts; and

**(b).** Do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading.

**3. Company Website.** 

**(a).** The Company will, at its sole expense, make the Required Materials available to Contract Owners via website posting in accordance with Rule 30e-3 for each Portfolio that serves as an underlying investment option for a subaccount of an Account for the Company's Variable Contracts.

**4. Paper Notice to Contract Owners.** The Company shall be responsible for providing the paper notice to its Contract Owners, in accordance with paragraphs (c) and (d) of Rule 30e-3.

**5. Delivery of Paper Copy Upon** *"****Ad Hoc****"* **Request.** The Company shall be responsible for fulfilling *ad hoc* requests from Contract Owners for a paper copy of any of the Required Materials, in accordance with paragraph (e) of Rule 30e-3.

**6. Investor Elections to Receive Future Fund Reports in Paper.** The Company shall be responsible for fulfilling Contract Owner elections to receive future Fund shareholder reports in paper, in accordance with paragraph (f) of Rule 30e-3.

**7. Construction of this Amendment; Participation Agreement**.

**(a).** This Amendment shall be interpreted to be consistent with, and to facilitate compliance with and reliance on, Rule 30e-3 under the 1940 Act and any interpretations of the Rule by the Securities and Exchange Commission, its staff, courts, or other appropriate legal authorities.

**(b).** To the extent the terms of this Amendment conflict with the terms of the Participation Agreement, the terms of this Amendment shall control; otherwise, and except as otherwise specifically set forth in this Amendment, the terms of the Participation Agreement shall continue to apply, and shall apply to the duties, responsibilities, rights and obligations of the Parties under and pursuant to this Amendment.

**8. Counterparts and Delivery.** This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument. A signed copy of this

## Ex-99.(K)

![LOGO](g934124g0822142324336.jpg) <br>Corebridge Financial<br> 2919 Allen Parkway, L4-01<br> Houston, TX 77019<br>

August 25, 2025

The United States Life Insurance Company in the City of New York

1133 Avenue of the Americas, 33rd Floor

New York, NY 10036

Dear Sir/Madam,

This opinion is furnished in connection with the Registration Statements on Form N-4 (File Nos. 333-283464, 333-283465, 333-283466, 333-283467, 333-283468, and 333-283470; 811-24014) filed with the Securities and Exchange Commission, pursuant the Securities Act of 1933, covering the Group Variable Deferred Annuity Contract with Fixed Funding (the "Contracts") to be issued by The United States Life Insurance Company in the City of New York ("USL"), I have examined such documents and such laws as I considered necessary and appropriate. On the basis of such examination, it is my opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. USL is a duly organized and validly existing stock life insurance company under the laws of the State of New
York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. USL Separate Account RS (the "Separate Account") is a separate account of USL duly established
pursuant to the provisions of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Assets allocated to the Separate Account are owned by USL, and USL is not a trustee with respect thereto. The
Contracts provide that the portion of the assets of the Separate Account equal to the reserves and other annuity contract liabilities with respect to the Separate Account will not be chargeable with the liabilities arising out of any other business
USL may conduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The Contracts have been duly authorized by USL and, when sold in jurisdictions authorizing such sales, in
accordance with and when issued as contemplated by said Form N-4 Registration Statements, will constitute legal, validly issued, and binding obligations of USL.

I hereby consent to the filing of this opinion as an exhibit to said Registration Statements.

Very truly yours,

---

| |
|:---|
| <u>/s/ Trina Sandoval</u> |
| Trina Sandoval |
| Vice President and Deputy General Counsel |
| Corebridge Financial |

---

## Ex-99.(L)

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the use in this Post-Effective Amendment No. 1 to the Registration Statement on Form N-4 (No. 333-283466) (the "Registration Statement") of our report dated April 17, 2025, relating to the statutory basis financial statements of the United States Life Insurance Company in the City of New York. We also consent to the reference to us under the heading "Financial Statements" in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

New York, New York

August 27, 2025

## Ex-99.(O)

**The United States Life Insurance Company in the City of New York**

**Portfolio Director**<sup>®</sup> **NY**

For Series 1.40 to 14.40

**Summary Prospectus for New Investors** <br>**September 2, 2025**

This summary prospectus summarizes key features of the Portfolio Director<sup>®</sup> NY Series, comprising group variable deferred annuity contracts issued by The United States Life Insurance Company in the City of New York.

Before you invest, you should also review the prospectus for the Contract, which contains more information about the Contract's features, benefits, and risks. You can find the current prospectus and other information about the Contract online at www.corebridgefinancial.com/rs/prospectus-and-reports/annuities. You can also obtain this information at no cost by calling us at 1-800-448-2542, or by writing to our Annuity Service Center, P.O. Box 15648, Amarillo, Texas 79105.

\* \* \* \* \* \* \* \* \* \* \* \*

The Contract is available to participants who receive certificates in certain employer-sponsored qualified retirement plans. The Contracts permit Participants to invest in and receive retirement benefits in one or more Fixed Account Options and/or an array of Variable Investment Options described in this prospectus. This Contract is part of your employer's retirement program which will describe which Variable Investment Options are available to you.

The Contract may be used where you have engaged an Investment Adviser to provide investment advice regarding the periodic allocation of investments within the Contract. We call this an "Advisory Program." The Investment Adviser must be our affiliate, VALIC Financial Advisors ("VFA"), Inc., a registered investment adviser. The Investment Adviser will charge a fee for such services, and any fee is in addition to the Contract's fees and expenses.

Investment adviser fees deducted from the Contract may reduce the death benefit and annuity benefits, and may be subject to surrender charges, federal and state income taxes and a 10% federal penalty tax.

This summary prospectus describes 5 different series (or classes) of the Contract. We call these classes "series" in the contract and in marketing materials. There are differences among the series with respect to surrender charges, other fees and charges, restrictions, and features. Each series is offered only to certain group plans or through certain markets.

**An employer purchasing the Contract for a retirement plan may cancel a newly purchased Contract within 20 days of receiving it without paying fees or penalties.**

In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total Contract value. You should review the prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply. The right of cancellation under this Contract does not apply to Participants in a group plan except in a limited number of states.

\* \* \* \* \* \* \* \* \* \* \* \*

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

------

**Table of Contents** <br>

------

---

| | |
|:---|:---|
| [Special Terms Used in this Summary Prospectus](#xx_1ad07cb3-0624-4719-9784-344e66241a82_1) | 3  |
| [Important Information You Should Consider About the Contract](#xx_5fc1f114-3a71-4568-8601-e140d72db45b_1) | 4  |
| [Overview of the Contract](#xx_5fc1f114-3a71-4568-8601-e140d72db45b_4) | 7  |
| [Benefits Available Under the Contract](#xx_5fc1f114-3a71-4568-8601-e140d72db45b_6) | 9  |
| [Buying the Contract](#xx_9113881b-0182-4039-914d-994e5bf4f5a9_1) | 11  |
| [Making Withdrawals:](#xx_9113881b-0182-4039-914d-994e5bf4f5a9_2)[Accessing the Money in Your Contract](#xx_9113881b-0182-4039-914d-994e5bf4f5a9_2) | 12  |
| [Additional Information About Fees](#xx_9113881b-0182-4039-914d-994e5bf4f5a9_3) | 13  |
| [Appendix](#xx_81b49d49-0291-479e-bc2f-792650469216_1)[A — Funds Available Under the Contract](#xx_81b49d49-0291-479e-bc2f-792650469216_1) | A-17  |
| [Appendix](#xx_e0d6a38d-8591-4878-894a-de115f590fa7_1)[B — Index Information](#xx_e0d6a38d-8591-4878-894a-de115f590fa7_1) | B-1 |

---

------

**Special Terms Used in this Summary Prospectus**

------

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

---

| | |
|:---|:---|
| **Account Value** | &nbsp;&nbsp; The total sum of your Variable Investment Option(s) and/or Fixed Account Option(s) that has not yet <br> been applied to your annuity payments.<br>|

---

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

---

| | |
|:---|:---|
| **Advisory Program** | &nbsp;&nbsp; The investment advice service provided by your Investment Adviser. Guided Portfolio Services<sup>®</sup> is an <br> advisory service offered by VFA. A separate investment advisory fee and agreement are required for this <br> service, if available under an employer's retirement plan. We do not honor investment adviser transfer <br> requests in connection with Advisory Programs that are offered through third-party Investment <br> Advisers.<br>|

---

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

---

| | |
|:---|:---|
| **Beneficiary** | &nbsp;&nbsp; The individual designated to receive the death benefit or Payout Payments upon the death of the <br> annuitant.<br>|

---

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

---

| | |
|:---|:---|
| **Business Day** | &nbsp;&nbsp; Any weekday that the New York Stock Exchange ("NYSE") is open for trading. Normally, the NYSE is <br> open Monday through Friday, from 9:30 a.m. to 4:00 p.m. Eastern time. On U.S. holidays or other days <br> when the NYSE is closed, such as Good Friday, the Company is not open for business.<br>|

---

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

---

| | |
|:---|:---|
| **Contract** | &nbsp;&nbsp; The group fixed and variable deferred annuity contracts summarized in this summary prospectus and <br> described in more detail in the prospectus.<br>|

---

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

---

| | |
|:---|:---|
| **Contract Year** | &nbsp;&nbsp; A 12-month period starting with the issue date of a Contract or Participant's Contract certificate, as <br> applicable, and each anniversary of that date.<br>|

---

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

---

| | |
|:---|:---|
| **Fixed Account Option** | &nbsp;&nbsp; An account that is guaranteed to earn at least a minimum rate of interest while invested in USL's <br> general account.<br>|

---

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

---

| | |
|:---|:---|
| **Fixed Account Plus** | A type of Fixed Account Option under the Contract. |

---

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

---

| | |
|:---|:---|
| **Fund or Mutual Fund** | &nbsp;&nbsp; The investment portfolio(s) of a registered open-end management investment company, which serves <br> as the underlying investment vehicle for each Division represented in USL Separate Account RS.<br>|

---

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

---

| | |
|:---|:---|
| **Investment Adviser** | &nbsp;&nbsp; The investment adviser that you have engaged to provide services as part of an Advisory Program. We <br> only support Advisory Programs that are offered through VFA. There are typically advisory fees <br> associated with an Advisory Program. Those fees are separate from the Contract's fees and charges.<br>|
|  | &nbsp;&nbsp; USL is not an investment adviser to any Advisory Program and does not provide any advice under an <br> Advisory Program.<br>|

---

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

---

| | |
|:---|:---|
| **Market Close** | &nbsp;&nbsp; The close of regular trading on the NYSE, generally 4:00 p.m., Eastern Time, on each day the NYSE is <br> open for business.<br>|

---

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

---

| | |
|:---|:---|
| **Multi-Year Enhanced** <br> **Option**<br>| A type of Fixed Account Option, potentially subject to market value adjustments. |

---

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

---

| | |
|:---|:---|
| **Net Purchase Payments** | The total sum of Purchase Payments minus withdrawals and charges. |

---

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

---

| | |
|:---|:---|
| **Participant** | &nbsp;&nbsp; The individual (in most cases, you) who makes Purchase Payments or for whom Purchase Payments <br> are made.<br>|

---

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

---

| | |
|:---|:---|
| **Payout Payments** | Annuity payments withdrawn in a steady stream during the Payout Period. |

---

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

---

| | |
|:---|:---|
| **Payout Period** | The time when you begin to withdraw your money in Payout Payments. |

---

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

---

| | |
|:---|:---|
| **Platform Charge** | &nbsp;&nbsp; A fee we charge in order to make certain underlying Funds available as an investment option under the <br> Contract.<br>|

---

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

---

| | |
|:---|:---|
| **Purchase Payment** | An amount of money you or your employer pay to USL to receive the benefits of a Contract. |

---

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

---

| | |
|:---|:---|
| **Purchase Period** | &nbsp;&nbsp; The accumulation period or time between your first Purchase Payment and the beginning of your <br> Payout Period (or surrender).<br>|

---

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

---

| | |
|:---|:---|
| **Short-Term Fixed Account** | A type of Fixed Account Option under the Contract. |

---

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

---

| | |
|:---|:---|
| **USL (we, us, our)** | The United States Life Insurance Company in the City of New York. |

---

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

---

| | |
|:---|:---|
| **Variable Investment** <br> **Option (or Division)**<br>| &nbsp;&nbsp; Any variable investment option under the Contract. Each Variable Investment Option invests in the <br> shares of a single Fund.<br>|

---

------

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

------

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

---

| | | |
|:---|:---|:---|
|  | **FEES AND EXPENSES** | &nbsp;&nbsp; **Location in** <br>**Prospectus**<br>|
| **Charges for Early** <br> **Withdrawals**<br>| &nbsp;&nbsp;&nbsp; Your Contract may be subject to surrender charges depending on the series <br> of Contract:<br>•**Series 1, 5, and 7**. If you withdraw money under the Contract within five <br> years of making a Purchase Payment, you may be assessed a surrender <br> charge of up to 5%, either as a percentage of the amount withdrawn or as <br> a percentage of Purchase Payments made during the last five years, <br> whichever is less.<br>•**Series 11 and 14**. No surrender charge.<br> For example, if you own a series 1, 5, or 7 Contract and make an early <br> withdrawal, you could pay a surrender charge of up to $5,000 on a $100,000 <br> investment and such surrender charge may be greater if subject to taxes or <br> tax penalties. No surrender charges would apply to a series 11 Contract.<br> In the State of New York, charges for early withdrawals will be calculated as <br> Last In, First Out for certificates of group Contracts. | &nbsp;&nbsp; **Fee Tables**<br>**Fees and Charges –**<br> **Surrender Charge**<br>|
| **Transaction Charges** | &nbsp;&nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> other transactions.<br>•In certain states, you may be subject to a loan application fee and loan <br> interest if you request a loan under the Contract.<br>•Under a series 11 contract, if you transfer amounts from the Fixed Account <br> Plus option to another investment option under the Contract (or to another <br> funding entity while you are still employed with the group) in excess of the <br> annual limit, you may be subject to a charge of 5% on the excess amount <br> transferred.<br>•There may also be taxes on Purchase Payments. | &nbsp;&nbsp; **Fee Tables**<br>**Fees and Charges**<br>|

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|:---|:---|:---|:---|:---|
|  | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | &nbsp;&nbsp; **Location in**<br> **Prospectus**<br>|
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; The table below describes the current fees and expenses of the Contract that <br> you may pay *each year*, depending on the options you choose. Please refer to <br> your Contract specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any advisory fees paid to an investment adviser from <br> the Contract or other Contract owner assets. If such charges were reflected, <br> the fees and expenses would be higher. Interest on Contract loans is not <br> reflected below.  | &nbsp;&nbsp; The table below describes the current fees and expenses of the Contract that <br> you may pay *each year*, depending on the options you choose. Please refer to <br> your Contract specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any advisory fees paid to an investment adviser from <br> the Contract or other Contract owner assets. If such charges were reflected, <br> the fees and expenses would be higher. Interest on Contract loans is not <br> reflected below.  | &nbsp;&nbsp; The table below describes the current fees and expenses of the Contract that <br> you may pay *each year*, depending on the options you choose. Please refer to <br> your Contract specifications page for information about the specific fees you <br> will pay each year based on the options you have elected. The fees and <br> expenses do not reflect any advisory fees paid to an investment adviser from <br> the Contract or other Contract owner assets. If such charges were reflected, <br> the fees and expenses would be higher. Interest on Contract loans is not <br> reflected below.  | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | **Annual Fee** | **Minimum** | **Maximum** | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; Base Contract<sup>1</sup> <br>(varies by Contract class)<br>| 0.60% | 0.61% | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; Investment Options<sup>2</sup> <br>(Fund fees and expenses)<br>| 0.20% | 1.29% | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; <sup>1</sup> As a percentage of average daily net asset value allocated to a Variable <br> Investment Option, plus for the Maximum charge, an amount attributable to <br> the annual investment account option maintenance charge, which is <br> applicable to series 1 only.<br> <sup>2</sup> As a percentage of Fund net assets, plus any applicable amounts deemed to <br> be Platform Charges. | &nbsp;&nbsp; <sup>1</sup> As a percentage of average daily net asset value allocated to a Variable <br> Investment Option, plus for the Maximum charge, an amount attributable to <br> the annual investment account option maintenance charge, which is <br> applicable to series 1 only.<br> <sup>2</sup> As a percentage of Fund net assets, plus any applicable amounts deemed to <br> be Platform Charges. | &nbsp;&nbsp; <sup>1</sup> As a percentage of average daily net asset value allocated to a Variable <br> Investment Option, plus for the Maximum charge, an amount attributable to <br> the annual investment account option maintenance charge, which is <br> applicable to series 1 only.<br> <sup>2</sup> As a percentage of Fund net assets, plus any applicable amounts deemed to <br> be Platform Charges. | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not take <br> withdrawals from the Contract, **which could add surrender charges that** <br> **substantially increase costs**. | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not take <br> withdrawals from the Contract, **which could add surrender charges that** <br> **substantially increase costs**. | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> *year*, based on current charges. This estimate assumes that you do not take <br> withdrawals from the Contract, **which could add surrender charges that** <br> **substantially increase costs**. | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | **Lowest Annual Cost: $817** | **Highest Annual Cost: $1,914** | **Highest Annual Cost: $1,914** | **Fees and Charges** |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Least expensive combination of <br> base Contract classes and Fund <br> fees and expenses<br> •No optional benefits<br> •No surrender charges or advisory <br> fees<br> •No loans or additional Purchase <br> Payments, transfers, or <br> withdrawals<br>| &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Most expensive combination of <br> base Contract classes and Fund <br> fees and expenses<br> •No surrender charges or advisory <br> fees<br> •No loans or additional Purchase <br> Payments, transfers, or <br> withdrawals | &nbsp;&nbsp;&nbsp; Assumes:<br> •Investment of $100,000<br> •5% annual appreciation<br> •Most expensive combination of <br> base Contract classes and Fund <br> fees and expenses<br> •No surrender charges or advisory <br> fees<br> •No loans or additional Purchase <br> Payments, transfers, or <br> withdrawals | **Fees and Charges** |

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| | | |
|:---|:---|:---|
|  | **RISKS** | &nbsp;&nbsp; **Location in**<br> **Prospectus**<br>|
| **Risk of Loss** | &nbsp;&nbsp; You can lose money by investing in this Contract, including your principal <br> investment. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract** |
| **Not a Short-Term** <br> **Investment**<br>| &nbsp;&nbsp;&nbsp; •This Contract is not designed for short-term investing and is not <br> appropriate for an investor who needs ready access to cash.<br>•Charges may apply to withdrawals under a series 1, 5, or 7 Contract. <br> Surrender charges could significantly reduce the amount that you receive <br> upon taking a withdrawal. Withdrawals may also reduce or terminate <br> Contract guarantees and may result in taxes and tax penalties.<br>•If you select the Fixed Account Plus option for investment, your ability to <br> transfer amounts from that option is subject to an annual limit. It may take <br> several years to transfer all amounts from the Fixed Account Plus option. <br> Under a series 11 Contract, if you transfer amounts from the Fixed Account <br> Plus option in excess of that annual limit (including withdrawals from the <br> Fixed Account Plus option for the purpose of transferring assets to another <br> funding entity), you may be subject to a charge.<br>•The benefits of tax deferral, if applicable, and long-term income mean the <br> Contract is generally more beneficial to investors with a long investment <br> time horizon. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract** |
| **Risks Associated with** <br> **Investment Options**<br>| &nbsp;&nbsp;&nbsp; •An investment in this Contract is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Contract.<br>•Each Variable Investment Option and each Fixed Account Option has its <br> own unique risks.<br>•You should review the investment options before making an investment <br> decision. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract** |
| **Insurance Company** <br> **Risks**<br>| &nbsp;&nbsp; An investment in the Contract is subject to the risks related to us, USL. Any <br> obligations (including under any Fixed Account Option), guarantees, and <br> benefits of the Contract are subject to our claims-paying ability. If we <br> experience financial distress, we may not be able to meet our obligations to <br> you. More information about us is available upon request by calling <br> 1-800-448-2542 or visiting www.corebridgefinancial.com/rs. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the** <br> **Contract** |
|  | **RESTRICTIONS** |  |
| **Investments** | &nbsp;&nbsp;&nbsp; •Certain investment options may not be available under your Contract.<br> •You may transfer funds between the investment options, subject to certain <br> restrictions.<br>•If you are enrolled in an Advisory Program, you are personally prohibited <br> from making transfers among investment options in the Contract. During <br> such period, transfer instructions may only be provided by the Investment <br> Adviser. If you terminate the Advisory Program, you may make transfers <br> among the investment options subject to certain restrictions.<br>•Transfers between the investment options, as well as certain purchases <br> and redemptions, are subject to policies designed to deter market timing <br> and frequent transfers.<br>•Transfers to and from the Fixed Account Options are subject to special <br> restrictions.<br>•We reserve the right to remove or substitute Funds as investment options.<br> •We reserve the right to stop accepting additional Purchase Payments. | &nbsp;&nbsp; **Variable Investment** <br> **Options and Fixed** <br> **Account Options**<br>**Transfers Between** <br> **Investment Options**<br>|

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| | | |
|:---|:---|:---|
|  | **RESTRICTIONS** | &nbsp;&nbsp; **Location in**<br> **Prospectus**<br>|
| **Optional Benefits** | &nbsp;&nbsp;&nbsp; •If you are participating in an Advisory Program and your Investment <br> Adviser's fees are deducted from your Contract, the deduction of those <br> fees may reduce the death benefit and any other guaranteed benefit, and <br> may be subject to surrender charges, federal and state income taxes, and a <br> 10% federal penalty tax. | &nbsp;&nbsp; **Advisory Program**<br>**Federal Tax Matters**<br>|
|  | **TAXES** |  |
| **Tax Implications** | &nbsp;&nbsp;&nbsp; •You should consult with a tax professional to determine the tax <br> implications of an investment in and payments received under the <br> Contract.<br>•If you purchase the Contract through a tax-qualified plan, there is no <br> additional tax benefit under the Contract.<br>•Withdrawals, including withdrawals to pay your Investment Adviser's fees, <br> may be subject to ordinary income tax. You may have to pay a tax penalty <br> if you take a withdrawal before age 59½. | **Federal Tax Matters** |
|  | **CONFLICTS OF INTEREST** |  |
| **Investment** <br> **Professional** <br> **Compensation**<br>| &nbsp;&nbsp; Your financial professional may receive compensation for selling this <br> Contract to you in the form of commissions, additional cash compensation, <br> and non-cash compensation. We may share the revenue we earn on this <br> Contract with your financial professional's firm, VFA. This conflict of interest <br> may influence your financial professional to recommend this Contract over <br> another investment for which the financial professional is not compensated <br> or compensated less.<br> You may determine to engage our affiliated registered investment adviser, <br> VFA, to provide investment advice to you for the Contract. VFA will charge an <br> Advisory Program Fee. We do not set your investment advisory fee. While <br> USL may deduct the Advisory Program Fee from your Account Value based <br> on instructions from VFA, we do not retain any portion of these fees. With <br> VFA as the Investment Adviser of your Advisory Program, USL, as an affiliate <br> of VFA will indirectly benefit from VFA's receipt of Advisory Program Fees.<br> In addition, VFA's financial professionals and their managers are eligible for <br> benefits from us or our affiliates, such as non-cash compensation items.<br> One or more of these conflicts of interest may influence your financial <br> professional to recommend this Contract over another investment. | &nbsp;&nbsp; **General Information –** <br> **Distribution of the** <br> **Contracts**<br>|
| **Exchanges** | &nbsp;&nbsp; Some financial professionals may have a financial incentive to offer you a <br> new contract in place of the one you already own. You should exchange a <br> contract you already own only if you determine, after comparing the features, <br> fees, and risks of both contracts, as well as any fees or penalties to terminate <br> the existing contract, that it is better for you to purchase the new contract <br> rather than continue to own your existing contract. | &nbsp;&nbsp; **General Information –** <br> **Distribution of the** <br> **Contracts**<br>|

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**Overview of the Contract** 

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**Purpose of the Contract** 

The Contract is designed to help you invest on a tax-deferred basis, meet long-term financial goals, and plan for your retirement. You can accumulate assets by investing in the Contract's investment options and then later convert those accumulated assets into a stream of guaranteed income payments from us. The Contract includes a death benefit that may help financially protect your Beneficiary or Beneficiaries in the event of your death.

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This Contract may be appropriate for you if you have a long investment time horizon and the Contract's terms and conditions are consistent with your financial goals. It is not intended for people whose liquidity needs require early or frequent withdrawals or for people who intend to frequently trade in the Contract's investment options.

The Contract is used in connection with employer-sponsored qualified retirement plans, for which the employer is the Contract owner and participating employees receive certificates related to the Contract.

If you are enrolled in an Advisory Program, Advisory Program fees deducted from your Contract may reduce the death benefit and any other guaranteed benefit, and may be subject to surrender charges, federal and state income taxes and a 10% federal penalty tax. See "*Surrender of Account Value*", "*Advisory Program*" and "*Federal Tax Matters*" in the prospectus.

**Phases of the Contract** 

Like all deferred annuities, the Contract has two phases: (1) a Purchase Period (for savings) and (2) a Payout Period (for income).

**Purchase Period.** During the Purchase Period, you invest your money under the Contract in one or more available investment options to help you build assets on a tax-deferred basis. The available investment options may include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Variable Investment Options.** When you invest in a Variable Investment Option, you are indirectly investing in the Variable Investment Option's underlying Mutual Fund. The Mutual Funds have different investment objectives, strategies, and risks. You can gain or lose money if you invest in a Variable Investment Option. <br>**Additional information about each Mutual Fund is provided in an appendix to this summary prospectus. Please see APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Fixed Account Options.** When you invest in a Fixed Account Option (Fixed Account Plus or Short-Term Fixed Account), your principal is guaranteed and earns interest based on a rate set and guaranteed by us.

The amount of money you accumulate during the Purchase Period depends (in part) on the performance of the investment options you choose. You may transfer money between investment options during the Purchase Period, subject to certain restrictions. Your accumulated assets impact the value of your benefits during the Purchase Period, including the death benefit, as well as the amount available for withdrawal.

**Payout Period.** When you are ready to receive guaranteed income under the Contract, you can switch to the Payout Period, at which time you will start to receive Payout Payments from us. This is also referred to as "annuitizing" the Contract. You generally decide when to annuitize. You can choose from the available payout options, which may provide income for life, for a guaranteed period of time, or a combination of both. You can also choose to receive Payout Payments on a variable or fixed basis, or a combination of both. If the Payout Payments are made on a fixed basis, the dollar amount of each payment will be the same. If the Payout Payments are made on a variable basis, the dollar amount for the payments will fluctuate.

The death benefit from the Purchase Period does not apply during the Payout Period. Any amount payable upon death during the Payout Period depends on the payout option selected. You cannot take withdrawals of Account Value or surrender the Contract during the Payout Period.

**Contract Features** 

**Contract Series.** This summary prospectus describes 5 different classes of the Contract which we call series. There are differences among the series with respect to surrender charges, other fees and charges, restrictions, and features. Each series is offered to certain group plans or through certain markets.

**Retirement Plan Terms and Conditions.** The Contract is designed to be purchased by an employer for use in a retirement plan. Your participation in a group Contract will be subject to the terms and conditions of your retirement plan and applicable law, which may limit your ability to take certain actions under the Contract.

**Accessing Your Money.** You may withdraw money from the Contract at any time during the Purchase Period. If you make a withdrawal, you may have to pay a surrender charge and/or income taxes, including a tax penalty if you are younger than age 59½. Withdrawals may negatively impact the value of your benefits under the Contract.

**Tax Treatment.** Money can be transferred between investment options without tax implications, and earnings (if any) on your investments are generally tax-deferred. Earnings and untaxed contributions are not taxed until they are distributed, which may occur when making a withdrawal, upon receiving a Payout Payment, or upon payment of the death benefit. You do not receive any additional tax benefit under the Contract if you participate in the Contract through a tax-qualified plan.

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**Death Benefit.** If you die during the Purchase Period, we pay a death benefit to your Beneficiary or Beneficiaries. The Contract has a standard death benefit for no additional fee.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Systematic Withdrawals.** This program allows you to automatically receive withdrawals on a regular basis during the Purchase Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **No Charge Systematic Withdrawals.** This program allows you to automatically receive withdrawals on a regular basis during the Purchase Period without surrender charges, subject to certain requirements related to the duration and amount of the automatic withdrawals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Loans.** Tax-free loans may be taken under tax-qualified Contracts, providing additional access to your money in the Fixed Account Options. You will incur interest on an outstanding loan. Loans are subject to restrictions, including a $1,000 minimum loan amount. You may not be able to take a loan under your Contract. We charge up to $75 for a loan application fee for each loan if permissible by your state.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Guided Portfolio Services**<sup>®</sup>**.** The GPS Portfolio Manager Program is the Advisory Program offered by our affiliated registered investments adviser, VFA, to help manage your Account Value. VFA offers the Advisory Program through its investment adviser representatives. It is an advice and asset management program offered to individuals in connection with their participation in certain employer-sponsored retirement plans. The Advisory Program is available to Participants in retirement plan accounts where the Contract is issued by USL. A separate investment advisory fee and agreement with VFA is required for this service, if available under an employer's retirement plan. More information about the GPS Portfolio Manager Program may be requested by contacting VFA at 866-544-4968 or it is also available free of charge on our website at www.corebridgefinancial.com/rs/prospectus-and-reports/vfa-form-adv-materials.

**Benefits Available Under the Contract**

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**The following tables summarize information about the benefits available under the Contract.** 

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| | | | |
|:---|:---|:---|:---|
| **Standard Benefits** | **Standard Benefits** | **Standard Benefits** | **Standard Benefits** |
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Brief Description of Restrictions / Limitations** |
| Standard Death <br> Benefit<br>| &nbsp;&nbsp; Provides a death benefit <br> based on the greater of <br> Account Value or net <br> Purchase Payments<br>| No Charge | &nbsp;&nbsp;&nbsp; •Payable only during the Purchase Period<br> •Payable if death occurs at any age<br> •Withdrawals, including withdrawals to pay your advisory <br> fees, may significantly reduce the benefit<br>|
| Systematic <br> Withdrawals<br>| &nbsp;&nbsp; Allows you to <br> automatically receive <br> withdrawals on a <br> regular basis during the <br> Purchase Period<br>| No Charge | &nbsp;&nbsp;&nbsp; •Withdrawals may be subject to surrender charges<br> •No more than one systematic withdrawal election may be in <br> effect at any time<br> •We reserve the right to discontinue any or all systematic <br> withdrawals or to change the terms at any time<br>|
| No Charge <br> Systematic <br> Withdrawals<br>| &nbsp;&nbsp; Allows you to <br> automatically receive <br> withdrawals on a <br> regular basis during the <br> Purchase Period <br> without surrender <br> charges<br>| No Charge | &nbsp;&nbsp;&nbsp; •Withdrawals must be made to you over a period of not less <br> than five years, and the annual amount withdrawn may not <br> exceed 20% of Account Value at time of election<br> •May not change election once withdrawals begin<br> •No more than one systematic withdrawal election may be in <br> effect at any time<br> •We reserve the right to discontinue any or all systematic <br> withdrawals or to change the terms at any time<br>|
| Loans | &nbsp;&nbsp; Provides tax-free <br> access to amounts <br> invested in Fixed <br> Account Options<br>| &nbsp;&nbsp; $75 application <br> fee (per loan, <br> where permitted <br> by state law<sup>1</sup>)<br> Maximum net <br> interest rate 6%<br>| &nbsp;&nbsp;&nbsp; •Available only during the Purchase Period<br> •May not be taken against amounts invested in Variable <br> Investment Options<br> •Interest will accrue on outstanding loan amounts<br> •Minimum loan amount is $1,000<br>|

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| | | | |
|:---|:---|:---|:---|
| **Standard Benefits** | **Standard Benefits** | **Standard Benefits** | **Standard Benefits** |
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Brief Description of Restrictions / Limitations** |
| Advisory Program | &nbsp;&nbsp; The investment advice <br> service provided by <br> your Investment <br> Adviser<br>| Not applicable | &nbsp;&nbsp;&nbsp; •A separate investment advisory fee and agreement is <br> required<br> •May not be available under your employer's retirement plan <br> or in connection with your Contract<br> •If you pay any investment adviser fee from the Contract, <br> any deduction may reduce the death benefit and other <br> annuity benefits, and may be subject to surrender charges, <br> federal and state income taxes and a 10% federal penalty <br> tax.<br> •We do not honor investment adviser transfer requests in <br> connection with Advisory Programs that are offered <br> through third-party, unaffiliated Investment Advisers.<br>|

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<sup>1</sup> For more information about where applicable loan fees are permitted, please see "*Appendix B – State Contract Variability*" in the prospectus.

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**Buying the Contract**

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**Purchasing the Contract**

If you are an employer purchasing a group Contract in connection with a retirement plan, you may purchase a Contract through licensed insurance agents who are registered representatives of broker-dealers. If you are an employee seeking to participate in your employer's group Contract, you may establish an account through your employer. Your employer will be responsible for furnishing the necessary information (including enrollment information and allocation instructions) and remitting the initial Purchase Payment to us.

When an initial Purchase Payment is accompanied by an application (or enrollment form), we will promptly either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Accept the application and establish your account within 2 Business Days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Request additional information to correct or complete the application. We will return the Purchase Payment within 5 Business Days if the requested information is not provided, unless you otherwise so specify. Once we have the requested information, we will establish your account effective the date we accept your application; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Reject the application and return the initial Purchase Payment.

If we receive an initial Purchase Payment from your employer before we receive your completed application (or enrollment form), we will not be able to establish a permanent account for you. If this occurs, we will either return the Purchase Payment, deposit the Purchase Payment into an employer-directed account, or deposit the Purchase Payment into a starter account.

**Purchase Payments**

Any contribution that you make into the Contract is a Purchase Payment. The initial Purchase Payment is the money you initially contribute to the Contract when purchasing the Contract or opening an account. For periodic payment Contracts, each contribution thereafter is a Subsequent Purchase Payment. If you are participating in an employer-sponsored retirement plan, your employer is responsible for remitting Purchase Payments to us.

The maximum single payment that may be applied to any account without our prior approval is $1,000,000.

Minimum initial and Subsequent Purchase Payments are as follows:

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|:---|:---|:---|
| **Contract Type** | **Initial Purchase Payment** | **Subsequent Purchase Payment** |
| Periodic Payment | $30 | $30 |
| Single Payment | $1000 | Not Applicable |

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Periodic payment minimums apply to each periodic payment made. The single payment minimum applies to each account.

**Crediting and Allocating Purchase Payments**

A Purchase Payment must be in "good order" before it can be posted to your account. "Good order" means that all required information and/or documentation has been supplied and that the funds (check, wire, or ACH) clearly identify for whom the Purchase Payment is to be applied. See "When Your Account Will be Credited" under "Purchase Period" in the prospectus for specific information that we will require for a Purchase Payment to be in good order.

We will credit a Purchase Payment to your account as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Initial Purchase Payment.** Once we receive the completed application (or enrollment form) and the initial Purchase Payment in good order, we will accept the application and establish your account within 2 Business Days. We will apply your Purchase Payment by crediting that amount to your account, effective the date we accept your application. If you do not give us all of the information we need, we will contact you to get it before we make any allocation. If for some reason we are unable to complete this process within 5 Business Days, we will either send back your money or get your permission to keep it until we get all of the necessary information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Subsequent Purchase Payments.** If a subsequent Purchase Payment is received on a Business Day in good order by our bank by Market Close, the appropriate account(s) will be credited on that Business Day. Purchase Payments received in good order after Market Close or on a non-Business Day will be credited the next Business Day.

When we credit a Purchase Payment to your account, we will allocate the Purchase Payment among the Fixed Account Option(s) and/or Variable Investment Option(s) based on the allocation instructions applicable to that Purchase Payment.

We may establish an account for you at the direction of your employer if your employer provides such direction on a form acceptable to USL and accompanied by certain necessary information. Under such circumstances, we will deposit your Purchase Payment in

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an "Employer-Directed" account invested in a Money Market Division, or other investment options chosen by your employer. In situations where we have your name, address and SSN, but do not have an agreement with your employer for employer-directed accounts, we will deposit your Purchase Payment in a "starter" account invested in the Money Market Division option available for your plan or other investment options chosen by your employer and request the information necessary to complete the application. If we do not receive the necessary information within 105 days, we may return the Purchase Payment to your employer or convert the account to an "unsolicited" account which would be subject to many of the same restrictions as a starter account.

**Making Withdrawals: Accessing the Money in Your Contract**

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**Purchase Period**

During the Purchase Period, you may withdraw all or part of your Account Value at any time if allowed by applicable law and your retirement plan. The following table highlights certain important information regarding withdrawals under the Contract.

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| **Surrender Charges and Taxes** | &nbsp;&nbsp;&nbsp; Your withdrawal may be subject to surrender charges and taxes, including a 10% federal tax penalty if you are <br> younger than age 59½.<br>|
|  | &nbsp;&nbsp;&nbsp; In any Contract Year, up to 10% of the Account Value may be withdrawn without a surrender charge. The <br> surrender charge will generally apply to any amount withdrawn that exceeds this 10% limit. The percentage <br> withdrawn will be determined by dividing the amount withdrawn by the Account Value just prior to the <br> withdrawal. If more than one withdrawal is made during a Contract Year, each percentage will be added to <br> determine at what point the 10% limit has been reached.<br>|
| **Market Value Adjustments** | &nbsp;&nbsp;&nbsp; If you take an early withdrawal from a Multi-Year Enhanced Option, the withdrawal will be subject to a market <br> value adjustment that will result in either an increase or reduction in the value of your investment in the Multi-<br> Year Enhanced Option.<br>|
| **Negative Impact on Contract** <br> **values**<br>| &nbsp;&nbsp;&nbsp; A withdrawal will reduce the value of your Contract and may reduce the value of the death benefit (perhaps <br> significantly).<br>|
| **Internal Revenue Code or** <br> **Retirement Plan**<br>| &nbsp;&nbsp;&nbsp; Depending on the circumstances, the Internal Revenue Code or your retirement plan may restrict your ability <br> to take withdrawals.<br>|

---

When you take a partial withdrawal, you may specify an amount to be taken from each investment option in which you are invested, or that the amount should be withdrawn pro-rata against all of your investment options. If you do not specify, the withdrawal will be taken pro-rata against all of your investment options.

Withdrawing all of the money in your Contract (also known as a full surrender) will terminate your account. If your Account Value falls below $300, and you do not make any Purchase Payments for at least two years, we may terminate your account and pay the Account Value to you.

The surrender value in a Fixed Account Option will never be less than the Purchase Payments allocated to the Fixed Account Option (less amounts transferred to a Variable Investment Option or withdrawn from the Fixed Account Option).

**Payout Period**

Once the Payout Period begins, you will receive Payout Payments from your Contract under the selected payout option. You cannot make withdrawals of your Account Value during the Payout Period.

**Requesting a Surrender or Withdrawal**

If you would like to access all or a portion of your Account Value during the Purchase Period, you must complete a surrender request form in good order or information required in other approved media. Submit your request to our Home Office at 2919 Allen Parkway, Houston, Texas 77019, or to our Annuity Service Center, P.O. Box 15648, Amarillo, Texas 79105. Good order means that all paperwork is complete and signed or approved by all required persons, and any necessary supporting legal documents or plan forms have been received in correct form.

We will send via EFT or by mail a check with the surrender value to you within seven calendar days after we receive your request if it is in good order. Under certain circumstances, we may be permitted or required by applicable law to delay payment.If you wish to receive automatic withdrawals, you may enroll in a systematic withdrawal program under the Contract, if available.

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**Additional Information About Fees**

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**The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering or making withdrawals from the Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. The fees and expenses below do not reflect any advisory fees paid to your Investment Adviser from Contract assets. If such charges were reflected, the fees and expenses would be higher.**

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

**<u>Transaction Expenses</u>** 

---

| | |
|:---|:---|
| **Maximum Surrender Charge** |  |
| &nbsp;&nbsp;&nbsp; Series 1, 5, and 7 | 5.00%<sup>(1)</sup> <br>|
| &nbsp;&nbsp;&nbsp; Series 11, 14 |  |
| **Maximum Loan Application Fee (per loan)** | $75 |
| **Fixed Account Plus Excess Transfer Charge** |  |
| &nbsp;&nbsp;&nbsp; Series 11 | 5.00%<sup>(2)</sup> <br>|
| &nbsp;&nbsp;&nbsp; Other Series |  |

---

**The following tables describe the fees and expenses that you will pay each year during the time that you own the Contract, not including the Funds' fees and expenses.**

**<u>Annual Contract Expenses</u>** 

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| | |
|:---|:---|
| **Annual Variable Account Option Maintenance Charge** |  |
| &nbsp;&nbsp;&nbsp; Series 1, 14  | $15 |
| &nbsp;&nbsp;&nbsp; Series 5, 7, and 11 |  |

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

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| | | |
|:---|:---|:---|
| **Annual Fees** | **Current** | **Maximum** |
| **Base Contract Expenses**<sup>(3)</sup> <br>(as a percentage of average daily net asset value allocated to the Variable Account Option)<br>| 0.60% | 0.61% |

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

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| |
|:---|
| **Loan Interest Charges**<br> (as a percentage of average daily value allocated to the Fixed Account Option(s))<br>|
| Non-ERISA Contracts<sup>1</sup> <br>3.00 - 6.00%<sup>3</sup> <br>|
| ERISA Contracts<sup>2</sup> <br>5.50%<sup>4</sup> <br>|

---

<sup>1</sup> Contracts issued as part of a retirement plan that is not subject to The Employment Retirement Income Security Act of 1974 (ERISA) including 457 Plans and retirement plans administered by government entities and churches.

<sup>2</sup> Contracts issued as part of an employer-sponsored retirement plan subject to ERISA including 401(k) and certain 403(b) defined contribution plans.

<sup>3</sup> The Non-ERISA Loan Interest Charges will vary based on the Guaranteed Minimum Interest Rate (GMIR) on your contract. Please refer to your contract for your GMIR.

<sup>4</sup> The ERISA Loan Interest Charges are variable rates based upon an index prescribed under applicable state insurance rules for policy loans. Loan Interest Charges for an existing loan will not increase, but may decrease, during the term of the loan.

**<u>Annual Fund Expenses</u>**

**The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract. These amounts also include applicable platform expenses if you choose to invest in certain Funds. A complete list of Funds available under the Contract, including their annual expenses, may be found in the Appendix A in this document.** 

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| | | |
|:---|:---|:---|
| **Annual Fund Expenses**<br> (expenses that are deducted from Fund assets, including management fees, distribution and/or <br> service (12b-1) fees (if applicable), and other expenses) | **Minimum**<sup>(4)</sup> <br>| **Maximum**<sup>(5)</sup> <br>|
| **Annual Fund Expenses**<br> (expenses that are deducted from Fund assets, including management fees, distribution and/or <br> service (12b-1) fees (if applicable), and other expenses) | 0.20% | 1.29% |

---

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**Footnotes to the Fee Tables**

(1) The maximum surrender charge is the lesser of 5% of the amount withdrawn or 5% of the Purchase Payments received within the past 60 months. If no Purchase Payments are received within the past 60 months, the surrender charge will be zero. Reductions in and exceptions to the surrender charge are available if certain conditions are met. In the State of New York, surrender charges will be calculated as Last In, First Out for group contracts and First In, First Out for individual contracts. See "Reduction or Waiver of Account Maintenance, Surrender, or Separate Account Charges" and "Exceptions to Surrender Charge" under "Surrender Charge (Series 1, 5, and 7 Contracts Only)."

(2) For all series, transfers from the Fixed Account Plus option are limited to 20% per Participant Year. See "Transfers Between Investment Options." Transfers in excess of this limitation will not be permitted except under series 11 Contracts. For series 11 Contracts, transfers in excess of this limitation will be permitted; however, the excess amount transferred will be subject to a charge of 5% on the excess amount transferred. Withdrawals from the Fixed Account Plus Option to another funding entity are considered "transfers" for purposes of this limitation. See "Fees and Charges – Fixed Account Plus Transfer Charge (Series 11 Contracts Only)."

(3) Also referred to as "Separate Account Charges." Reductions in the Separate Account Charges may be available for plan types meeting certain criteria. See "Reduction or Waiver of Account Maintenance, Surrender, or Separate Account Charges." The Base Contract Expenses do not reflect any applicable Platform Charges that may apply. To help you understand the cost of investing in certain Variable Investment Options, Platform Charges are reflected under "Annual Fund Expenses" in this section and in "Appendix A – Funds Available Under the Contract." If Platform Charges were included in this table, current charges for certain (but not all) Variable Investment Options would be as high as 0.85%. For additional information, see "Fees and Charges – Separate Account Charges."

(4) The Funds with the lowest total annual fund operating expenses are the Vanguard Long-Term Treasury Fund.

(5) The Fund with the highest total annual fund operating expenses is the Invesco Balanced-Risk Commodity Strategy Fund.

**Examples**

**These examples are intended to help you compare the cost of investing in the Funds with the cost of investing in other variable annuity contracts. These costs include transaction expenses, annual Contract expenses, and annual Fund expenses. These examples assume all Contract value is allocated to the Variable Investment Options. Your costs could differ from those shown below if you invest in the Fixed Account Options.**

**Each example assumes that you invest a single Purchase Payment of $100,000 in the Funds for the time periods indicated. Each example also assumes your investment has a 5% return each year and assumes the most expensive combination of annual Contract expenses and annual Fund expenses as well as any optional benefits. The examples do not include the effect of premium taxes upon annuitization, or the effect of any advisory fees paid to your Investment Adviser from the Contract. If these fees and charges were reflected, the costs would be higher. Your actual costs may be higher or lower than the examples below.**

**The first set of examples assumes the most expensive combination of annual Contract expenses and annual Fund expenses. Based on these assumptions, your costs would be:**

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

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| | | | |
|:---|:---|:---|:---|
| **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $6554 | $10863 | $15191 | $22088 |
| **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $6540 | $10821 | $15120 | $21953 |
| **Series 11** | **Series 11** | **Series 11** | **Series 11** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $1899 | $5881 | $10120 | $21953 |

---

(2) If you annuitize your Contract or you do *not* surrender your Contract:

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| | | | |
|:---|:---|:---|:---|
| **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $1914 | $5925 | $10191 | $22088 |
| **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |

---

------

---

| | | | |
|:---|:---|:---|:---|
| $1899 | $5881 | $10120 | $21953 |
| **Series 11** | **Series 11** | **Series 11** | **Series 11** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $1899 | $5881 | $10120 | $21953 |

---

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**The second set of examples assumes the least expensive combination of annual Contract expenses and annual Fund expenses. Based on these assumptions, your costs would be:** 

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

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| | | | |
|:---|:---|:---|:---|
| **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $5520 | $7601 | $9523 | $10082 |
| **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $5506 | $7557 | $9450 | $9939 |
| **Series 11** | **Series 11** | **Series 11** | **Series 11** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $817 | $2557 | $4450 | $9939 |

---

(2) If you annuitize your Contract or you do *not* surrender your Contract:

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| | | | |
|:---|:---|:---|:---|
| **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** | **Series 1 and 14** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $832 | $2601 | $4523 | $10082 |
| **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** | **Series 5 and 7** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $817 | $2557 | $4450 | $9939 |
| **Series 11** | **Series 11** | **Series 11** | **Series 11** |
| **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| $817 | $2557 | $4450 | $9939 |

---

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**Appendix A — Funds Available Under the Contract**

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**The availability of certain Funds can vary based on your employer. Refer to your employer's retirement program documents for a list of the employer-selected Funds available in your Contract and any limitations on the number of Funds you may choose. All Funds may not be available for all plans or Contracts.**

The following is a list of Funds available under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.corebridgefinancial.com/rs/prospectus-and-reports/annuities. You can also request this information at no cost by calling 1-800-448-2542.

The current expenses and performance information below reflect fees and expenses of the Funds, but do not reflect the other fees and expenses that your Contract may charge, such as a Platform Charge. Expenses would be higher, and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup>  | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** |
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup>  | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | **1 Year** | **5 Year** | &nbsp;&nbsp; **10 Year**<br> **(or life of fund)**<br>|
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; American Beacon Man Large Cap<br> Growth Fund<sup>3, 5</sup> – Investor Class<br> *Adviser: American Beacon Advisors, Inc.*<br> *Sub-Adviser: Numeric Investors LLC*<br>| 1.12% |  | 1.12% | 23.60% | 14.47% | 15.58%\* |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Systematic Growth Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Goldman Sachs Asset* <br> *Management, L.P. and Wellington Management* <br> *Company LLP*<br>| 0.65% |  | 0.65% | 34.48% | 13.26% | 14.17% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Capital Appreciation Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Columbia Management Investment* <br> *Advisers, LLC*<br>| 0.77% |  | 0.77% | 31.78% | 17.48% | 14.45% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Dividend Value Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: BlackRock Investment* <br> *Management, LLC and ClearBridge Investments,* <br> *LLC*<br>| 0.68% |  | 0.68% | 12.84% | 8.00% | 8.50% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Growth Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: BlackRock*<br>| 0.62% |  | 0.62% | 32.74% | 16.43% | 14.46% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Large Capital Growth Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Massachusetts Financial Services* <br> *Company*<br>| 0.70% |  | 0.70% | 16.24% | 12.44% | 13.21% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Nasdaq-100<sup>®</sup> Index Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.43% |  | 0.43% | 54.49% | 22.00% | 17.26% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Stock Index Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.23% |  | 0.23% | 25.27% | 19.55% | 17.90% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Systematic Core Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Goldman Sachs*<br>| 0.64% |  | 0.64% | 23.11% | 14.06% | 12.32% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Systematic Value Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Wellington Management*<br>| 0.65% |  | 0.65% | 16.74% | 9.02% | 8.41% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; U.S. Socially Responsible Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.36% |  | 0.36% | 18.61% | 11.99% | 11.50% |
| **Domestic**<br> **Large-Cap**<br> **Equity**<br> &nbsp;&nbsp; Vanguard Windsor II Fund<sup>3</sup> – Investor Shares<br> *Advisers: Aristotle Capital Management, LLC;* <br> *Hotchkis and Wiley Capital Management, LLC;* <br> *Lazard Asset Management LLC; and Sanders* <br> *Capital, LLC*<br>| 0.32% | 0.25% | 0.57% | 14.21% | 12.10% | 10.35% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** |
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | **1 Year** | **5 Year** | &nbsp;&nbsp; **10 Year**<br> **(or life of fund)**<br>|
| **Domestic Mid-**<br> **Cap Equity**<br> &nbsp;&nbsp; Ariel Appreciation Fund<sup>3</sup> – Investor Class<br> *Adviser: Ariel Investments, LLC*<br>| 1.14% |  | 1.14% | 6.30% | 6.83% | 6.13% |
| **Domestic Mid-**<br> **Cap Equity**<br> &nbsp;&nbsp; Mid Cap Strategic Growth Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Janus Henderson Investors US LLC* <br> *and Voya Investment Management Co. LLC*<br>| 0.74% |  | 0.74% | 19.78% | 11.99% | 12.04% |
| **Domestic Mid-**<br> **Cap Equity**<br> &nbsp;&nbsp; Mid Cap Value Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Boston Partners Global Investors,* <br> *Inc. d/b/a Boston Partners and Wellington* <br> *Management*<br>| 0.82% |  | 0.82% | 10.85% | 9.44% | 8.38% |
| **Domestic Mid-**<br> **Cap Equity**<br> &nbsp;&nbsp; Mid Cap Index Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.35% |  | 0.35% | 13.51% | 9.94% | 9.32% |
| **Domestic Small-**<br> **Cap Equity**<br> &nbsp;&nbsp; Ariel Fund<sup>3</sup> – Investor Class<br> *Adviser: Ariel*<br>| 1.00% |  | 1.00% | 11.80% | 8.56% | 7.62% |
| **Domestic Small-**<br> **Cap Equity**<br> &nbsp;&nbsp; Small Cap Growth Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: American Century Investment* <br> *Management, Inc. and T. Rowe Price Associates,* <br> *Inc.*<br>| 0.87% |  | 0.87% | 10.85% | 5.38% | 9.90% |
| **Domestic Small-**<br> **Cap Equity**<br> &nbsp;&nbsp; Small Cap Index Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.37% |  | 0.37% | 11.21% | 7.02% | 7.52% |
| **Domestic Small-**<br> **Cap Equity**<br> &nbsp;&nbsp; Small Cap Special Values Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Allspring Global Investments, LLC*<br>| 1.07% |  | 1.07% | 6.48% | 7.53% | 8.25% |
| **Domestic Small-**<br> **Cap Equity**<br> &nbsp;&nbsp; Small Cap Value Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.81% |  | 0.81% | 9.08% | 8.05% | 6.58% |
| **Global Equity**<br> **(International**<br> **and Domestic)**<br> &nbsp;&nbsp; Global Strategy Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Franklin Advisers, Inc. and* <br> *Brandywine Global Investment Management LLC*<br>| 0.65% |  | 0.65% | 12.15% | 3.96% | 3.37% |
| **Global Equity**<br> **(International**<br> **and Domestic)**<br> &nbsp;&nbsp; International Socially Responsible Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.58% |  | 0.58% | 2.96% | 4.38% | 6.46% |
| **International**<br> **Equity**<br> &nbsp;&nbsp; Emerging Economies Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.95% |  | 0.95% | 11.41% | 1.73% | 3.59% |
| **International**<br> **Equity**<br> &nbsp;&nbsp; International Equities Index Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: BlackRock*<br>| 0.43% |  | 0.43% | 3.13% | 4.27% | 4.86% |
| **International**<br> **Equity**<br> &nbsp;&nbsp; International Growth Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: MSIM and Morgan Stanley* <br> *Investment Management Co.*<br>| 0.81% |  | 0.81% | 6.58% | 4.85% | 6.67% |
| **International**<br> **Equity**<br> &nbsp;&nbsp; International Opportunities Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Invesco Advisers, Inc. and* <br> *Wellington Management*<br>| 1.00% |  | 1.00% | -2.39% | 0.98% | 5.05% |
| **International**<br> **Equity**<br> &nbsp;&nbsp; International Value Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Goldman Sachs and Columbia* <br> *Management Investment Advisers, LLC*<br>| 0.78% |  | 0.78% | 8.43% | 4.41% | 3.74% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** |
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | **1 Year** | **5 Year** | &nbsp;&nbsp; **10 Year**<br> **(or life of fund)**<br>|
| **Specialty**<br> &nbsp;&nbsp; Global Real Estate Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: Duff & Phelps Investment* <br> *Management Co. and MFS* <br>| 0.91% |  | 0.91% | 1.40% | -0.99% | 2.63% |
| **Specialty**<br> &nbsp;&nbsp; Invesco Balanced-Risk Commodity Strategy <br> Fund<sup>3, 5</sup> – Class R5<br> *Adviser: Invesco Advisers, Inc.*<br>| 1.15% |  | 1.15% | 5.69% | 7.33% | 2.54% |
| **Specialty**<br> &nbsp;&nbsp; Science & Technology Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: BlackRock and Voya* <br>| 0.91% |  | 0.91% | 32.60% | 17.23% | 17.41% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** |
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | **1 Year** | **5 Year** | &nbsp;&nbsp; **10 Year**<br> **(or life of fund)**<br>|
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Aggressive Growth Lifestyle Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.58% |  | 0.58% | 14.23% | 8.07% | 7.59% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Asset Allocation Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.65% |  | 0.65% | 15.00% | 8.21% | 6.54% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Conservative Growth Lifestyle Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.62% |  | 0.62% | 7.53% | 4.17% | 4.53% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Moderate Growth Lifestyle Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.58% |  | 0.58% | 10.82% | 6.64% | 6.56% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2015 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.74% |  | 0.74% | 8.54% | 5.14% | 5.62% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2020 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.76% |  | 0.76% | 8.90% | 5.48% | 6.13% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2025 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.78% |  | 0.78% | 9.44% | 6.07% | 6.70% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2030 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.80% |  | 0.80% | 10.46% | 6.79% | 7.31% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2035 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.83% |  | 0.83% | 11.67% | 7.59% | 7.89% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2040 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.84% |  | 0.84% | 12.84% | 8.29% | 8.38% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2045 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.85% |  | 0.85% | 13.61% | 8.79% | 8.70% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2050 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.87% |  | 0.87% | 13.89% | 8.91% | 8.76% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2055 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.88% |  | 0.88% | 13.96% | 8.88 | 8.74 |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; T. Rowe Price Retirement 2060 Fund<sup>3</sup> – Advisor <br> Class<br> *Adviser: T. Rowe Price*<br>| 0.89% |  | 0.89% | 13.97% | 8.89% | 8.74%\* |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Vanguard LifeStrategy Conservative Growth <br> Fund<sup>3, 4</sup> – Investor Shares<br> *Adviser: The Vanguard Group, Inc.*<br>| 0.12% | 0.25% | 0.37% | 7.54% | 3.99% | 4.82% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Vanguard LifeStrategy Growth Fund<sup>3, 4</sup> – Investor <br> Shares<br> *Adviser: Vanguard*<br>| 0.14% | 0.25% | 0.39% | 13.18% | 7.99% | 7.95% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Vanguard LifeStrategy Moderate Growth Fund<sup>3, 4</sup> – <br> Investor Shares<br> *Adviser: Vanguard*<br>| 0.13% | 0.25% | 0.38% | 10.31% | 6.00% | 6.41% |
| **Hybrid**<br> **(Equity and**<br> **Fixed Income)**<br> &nbsp;&nbsp; Vanguard Wellington Fund<sup>3</sup> – Investor Shares<br> *Adviser: Wellington Management*<br>| 0.25% | 0.25% | 0.51% | 14.76% | 8.15% | 8.36% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** | &nbsp;&nbsp; **Average Annual Total Returns**<br> **(as of Dec. 31, 2024)** |
| **Type** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Platform**<br> **Charge**<sup>6</sup> | &nbsp;&nbsp; ***<u>Current Expenses</u>***<br> **+**<br> ***<u>Platform Charge</u>*** | **1 Year** | **5 Year** | &nbsp;&nbsp; **10 Year**<br> **(or life of fund)**<br>|
| **Fixed Income**<br> &nbsp;&nbsp; Core Bond Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Advisers: PineBridge Investments LLC and* <br> *JPMIM*<br>| 0.48% |  | 0.48% | 1.69% | 0.04% | 1.59% |
| **Fixed Income**<br> &nbsp;&nbsp; Goldman Sachs VIT Government Money Market <br> Fund<sup>5</sup> – Institutional Shares<br> *Adviser: Goldman Sachs*<br>| 0.18% |  | 0.18% | 5.17% | 2.42% | 1.70% |
| **Fixed Income**<br> &nbsp;&nbsp; Government Securities Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: JPMIM*<br>| 0.60% |  | 0.60% | 1.14% | -0.50% | 0.84% |
| **Fixed Income**<br> &nbsp;&nbsp; High Yield Bond Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Wellington Management*<br>| 0.68% |  | 0.68% | 6.52% | 3.69% | 4.58% |
| **Fixed Income**<br> &nbsp;&nbsp; Inflation Protected Fund<sup>2, 5</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: Wellington Management*<br>| 0.59% |  | 0.59% | 1.18% | 1.59% | 1.95% |
| **Fixed Income**<br> &nbsp;&nbsp; International Government Bond Fund<sup>2</sup> <br>*Adviser: VALIC*<br> *Sub-Adviser: PineBridge*<br>| 0.81% |  | 0.81% | -1.00% | -1.82% | 0.41% |
| **Fixed Income**<br> &nbsp;&nbsp; Vanguard Long-Term Investment-Grade Fund<sup>3</sup> – <br> Investor Shares<br> *Advisers: Wellington Management and Vanguard*<br>| 0.21% |  | 0.21% | -2.80% | -2.31% | 1.75% |
| **Fixed Income**<br> &nbsp;&nbsp; Vanguard Long-Term Treasury Fund<sup>3</sup> – Investor <br> Shares<br> *Adviser: Vanguard*<br>| 0.20% |  | 0.20% | -6.41% | -5.16% | -0.73% |

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\* Average Annual Total Returns is since inception of the Fund.

<sup>1</sup> The following adviser/sub-adviser abbreviations are used in this table:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Allspring – Allspring Global Investments, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ariel – Ariel Investments, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• BlackRock – BlackRock Investment Management, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Goldman Sachs – Goldman Sachs Asset Management, L.P.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• JPMIM – J.P. Morgan Investment Management Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MFS – Massachusetts Financial Services Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MSIM – Morgan Stanley Investment Management Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• PineBridge – PineBridge Investments LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price – T. Rowe Price Associates, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• VALIC – The Variable Annuity Life Insurance Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Vanguard – The Vanguard Group, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Voya – Voya Investment Management Co. LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Wellington Management – Wellington Management Company LLP

<sup>2</sup> A VALIC Company I Fund.

<sup>3</sup> A Public Fund. If your Contract is a tax-deferred nonqualified annuity that is not part of your employer's retirement plan, the Variable Investment Options that are invested in Mutual Funds available to the public outside of annuity contracts, life insurance contracts, or certain employer-sponsored retirement plans ("Public Funds") will not be available within your Contract.

<sup>4</sup> The Vanguard LifeStrategy Funds' board of trustees allocates each Fund's assets among the underlying funds based on the Fund's investment objective and policies. The board may change these allocations from time to time without shareholder approval. The investment adviser to the underlying funds is Vanguard.

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<sup>5</sup> This Fund is subject to an expense reimbursement or fee waiver arrangement resulting in a temporary expense reduction. See the Fund prospectus for additional information.

<sup>6</sup> A Platform Charge may only be increased to the extent that the Base Contract Expense plus the Platform Charge does not exceed 0.85%.

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**Appendix B — Index Information**

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The Contract is not sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, are referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Contract. The Corporations make no representation or warranty, express or implied to the owners of the Contract or any member of the public regarding the advisability of investing in securities generally or in the Contract particularly, or the ability of the Nasdaq 100 to track general stock market performance. The Corporations' only relationship to the Company ("Licensee") is in the licensing of the Nasdaq® and certain trade names of the Corporations and the use of the Nasdaq 100 which is determined, composed, and calculated by Nasdaq without regard to Licensee or the Contract. Nasdaq has no obligation to take the needs of the Licensee or the owners of the Contract into consideration in determining, composing, or calculating the Nasdaq 100. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Contract to be issued or in the determination or calculation of the equation by which the Contract is to be converted into cash. The Corporations have no liability in connection with the administration, marketing, or trading of the Contract.

THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF NASDAQ 100 OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE CONTRACT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ 100 OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ 100® OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

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\* \* \*

*This summary prospectus incorporates by reference the prospectus and Statement of Additional Information (SAI) for the Contract, both dated September 2, 2025, as may be amended or supplemented from time to time. The SAI may be obtained free of charge in the same manner as the prospectus.* 

EDGAR Contract Identifier: C000257288

<sup>©</sup> 2025 Corebridge Financial, Inc.

All Rights Reserved.

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