Document:

Exhibit 4(c)

 

PROTECTIVE LIFE AND ANNUITY INSURANCE COMPANY
 •  {P. O. BOX 10648  •  BIRMINGHAM, ALABAMA

35202-0648}

 

RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER

 

We are amending the Contract to
which this rider is attached as described below:

 

1.                                       The
provision entitled “Death Benefit”
in the “DEATH BENEFIT” section of
your Contract is deleted in its entirety.

 

2.                                       The
following provisions are added to the “DEATH BENEFIT”
section of your Contract.

 

Death Benefit - The
death benefit will be determined as of the end of the Valuation Period during
which we receive due proof of death. The death benefit will equal the greater
of:

 

•                  the Contract
Value; or

•                  aggregate
Purchase Payments less an adjustment for each surrender.

 

For the
purpose of calculating the death benefit, the adjustment for each partial surrender
will equal the amount that reduces the death benefit in the same proportion
that the amount surrendered including associated surrender charges, if any,
reduced the Contract Value as of the Valuation Period during which that
surrender was taken.

 

The maximum death
benefit provided under this Rider will never exceed the Contract Value as of
the end of the Valuation Period during which we receive due proof of death plus
$1,000,000.

 

Only one death
benefit is payable under this Contract even though the Contract may, under
certain circumstances, continue beyond the time of an Owner’s death.

 

Enhanced Spousal Continuation Benefit

 

If a sole Beneficiary
is the spouse of a deceased Owner and elects, in lieu of receiving the death
benefit, to continue the Contract and become the new Owner as provided in the
Contract, we will add to the Contract Value an amount equal to the excess of
the death benefit over the Contract Value, if any, as of the date we receive due
proof of death. We will allocate that amount according to the current Purchase
Payment allocation instructions, but the amount we add will not be considered a
Purchase Payment.

 

1

 

Suspension of Benefits -
For a period of one year after any change of ownership involving a natural
person, the death benefit will equal the Contract Value.

 

Rider Termination - The Rider will automatically
terminate upon the occurrence of any of the following events:

 

(a)          settlement
of a claim for the death benefit;

(b)         the
Contract Anniversary immediately after the oldest Owner attains Age 95;

(c)          a
cancellation, or full surrender of the Contract.

 

Waiver of Surrender Charge - We will not apply
any applicable surrender charge if the Contract is surrendered as of a
Valuation Period during which the Contract Value is less than or equal to 25%
of the value of the death benefit.

 

Signed for the Company and made
a part of the Contract as of the Effective Date.

 

PROTECTIVE LIFE AND ANNUITY INSURANCE
COMPANY

 

	
  

  	
   

  	
   

  	
   

  
	
     { Secretary }

  	
   

  	
   

  	
   

  

 

2Exhibit 4(d)

 

PROTECTIVE
LIFE AND ANNUITY INSURANCE COMPANY • {P. O. BOX 10648 • BIRMINGHAM,
ALABAMA

35202-0648}

 

MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT RIDER

 

We are amending the Contract to
which this rider is attached as described below:

 

1.                                       The
provision entitled “Death Benefit”
in the “DEATH BENEFIT” section of
your Contract is deleted in its entirety.

 

2.                                       The
following provisions are added to the “DEATH BENEFIT”
section of your Contract.

 

Anniversary Value - We
will determine an anniversary value for each Contract Anniversary occurring
before the earlier of the oldest Owner’s 80th birthday or the
deceased Owner’s date of death. Each anniversary value is equal to the sum of:

 

(a)                                  the
Contract Value on that Contract Anniversary; plus,

(b)                                 all
Purchase Payments since that Contract Anniversary; minus,

(c)                                  an
adjustment for each surrender since that Contract Anniversary.

 

Maximum Anniversary Death Benefit - The
death benefit will be determined as of the end of the Valuation Period during
which we receive due proof of death. The death benefit will equal the greatest
of:

 

•                                          the
Contract Value; or

•                                          aggregate
Purchase Payments less an adjustment for each surrender; or

•                                          the
maximum anniversary value.

 

For the
purpose of calculating the death benefit, the adjustment for each surrender
will equal the amount that reduces the death benefit in the same proportion
that the amount surrendered including associated surrender charges, if any,
reduced the Contract Value as of the Valuation Period during which that
surrender was taken.

 

The maximum death
benefit provided under this rider will never exceed the Contract Value as of
the end of the Valuation Period during which we receive due proof of death plus
$1,000,000.

 

Only one death
benefit is payable under this Contract even though the Contract may, under
certain circumstances, continue beyond the time of an Owner’s death.

 

1

 

Enhanced Spousal Continuation Benefit

 

If a sole Beneficiary
is the spouse of a deceased Owner and elects, in lieu of receiving the death
benefit, to continue the Contract and become the new Owner as provided in the
Contract, we will add to the Contract Value an amount equal to the excess of
the death benefit over the Contract Value, if any, as of the date we receive
due proof of death. We will allocate that amount according to the current
Purchase Payment allocation instructions, but the amount we add will not be
considered a Purchase Payment.

 

Suspension of Benefits -
For a period of one year after any change of ownership involving a natural
person, the death benefit will equal the Contract Value.

 

Rider Termination - The Rider will automatically
terminate upon the occurrence of any of the following events:

 

(a)       settlement of a claim
for the death benefit;

(b)       the Contract Anniversary
immediately after the oldest Owner attains Age 95;

(c)       a cancellation, or full
surrender of the Contract.

 

Waiver of Surrender Charge - We will not apply
any applicable surrender charge if the Contract is surrendered as of a
Valuation Period during which the Contract Value is less than or equal to 25%
of the value of the death benefit.

 

Signed for the Company and made
a part of the Contract as of the Effective Date.

 

PROTECTIVE LIFE AND ANNUITY
INSURANCE COMPANY

 

	
  

  	
   

  	
   

  	
   

  
	
   

  	
  { Secretary }

  	
   

  	
   

  	
   

  
					

 

2Exhibit 4(e)

 

PROTECTIVE LIFE AND ANNUITY INSURANCE COMPANY
• {P. O. BOX 10648 • BIRMINGHAM, ALABAMA

35202-0648}

 

NET AMOUNT AT RISK FEE ENDORSEMENT

FOR

VARIABLE ANNUITY DEATH BENEFIT RIDERS

 

We are adding the following
provisions to the Variable Annuity Death Benefit Rider attached to your
Contract:

 

Benefit
Cost - The cost for the death benefit is based on its
Net Amount at Risk. Net Amount at Risk is defined as the amount by which the
death benefit exceeds the Contract Value.

 

Monthly
Fee - Once each month beginning with the 13th
month after the Effective Date and continuing as long as the Variable Annuity
Death Benefit Rider is in force, we will calculate the fee for the death
benefit and deduct that amount from the Contract Value. The monthly fee is calculated
as of the end of the Valuation Period that includes the same day of the month
as the Effective Date, or the last Valuation Period of the month if that date
does not occur during the month for which the fee is being calculated. The fee
is deducted from the Contract Value as of the next Valuation Period.

 

Calculating
the Monthly Fee - We calculate the monthly fee by
first dividing the Net Amount at Risk by 1000, and multiplying that number by a
NAR factor that is based on the oldest Owner’s Age and gender as shown in the
table on the following page.

 

Monthly Fee  =  NAR/1000 x f , where

 

NAR  =  is
the Net Amount at Risk as of the calculation date; and

f   =  is the Net Amount at Risk factor.

 

The monthly fee will vary as a
result of fluctuations in the value of the death benefit and Contract Value, as
well as Age based increases in the Net Amount at Risk factor. The monthly fee
will be $0 anytime the death benefit equals the Contract Value as of the
Valuation Period during which the monthly fee is calculated.

 

Deducting
the Monthly Fee - We will deduct the monthly fee as of
the Valuation Period immediately following the Valuation Period during which it
was calculated. The monthly fee will be deducted pro rata from the Allocation
Options in the same proportion that the value of the Allocation Option bears to
the total Contract Value. We will not assess any applicable surrender charge on
these deductions and the deductions will not reduce any penalty free surrender
amount available under the Contract.

 

Signed for the Company and made
a part of the Contract as of the Effective Date.

 

PROTECTIVE LIFE AND ANNUITY INSURANCE
COMPANY

 

	
  

  	
   

  	
   

  	
   

  
	
   

  	
  { Secretary }

  	
   

  	
   

  	
   

  
					

 

1Exhibit 4(f)

 

PROTECTIVE LIFE AND ANNUITY INSURANCE COMPANY
• {P. O. BOX 10648 • BIRMINGHAM, ALABAMA

35202-0648}

 

ANNUITIZATION BONUS ENDORSEMENT

 

We are amending the Contract to
which this endorsement is attached as described below:

 

1.               The following statement
is added to your Contract:

 

Bonus - This Contract provides a Bonus. The Bonus will be credited by
us in a nondiscriminatory manner and consistent with New York law.

 

2.               The following
provision is added to the “ANNUITIZATION”
section of your Contract:

 

Annuitization Bonus - If the Annuity
Commencement Date is on or after the { Nth } Contract Anniversary, and if you select Annuity Option B
with a certain period of not less than { X } years, we will add an annuitization bonus to the amount we
apply to the Annuity Option. The annuitization bonus will equal { Z% } of the
Contract Value to be applied to the Annuity Option and will be calculated as of
the Valuation Period that contains the Annuity Commencement Date.

 

3.               The
last sentence of the provision entitled “Guaranteed Purchase Rates”
in the “ANNUITIZATION” section of your
Contract is deleted and replaced by the sentence below:

 

Annuity
benefits available on the Annuity Commencement Date will not be less than those
provided by the application of an equivalent amount (including the effect of
any annuitization bonus) to the purchase of a single premium immediate annuity
contract offered by us on the Annuity Commencement Date to the same class of
Annuitants for the same Annuity Option.

 

Signed for the Company and made
a part of the Contract as of the Effective Date.

 

PROTECTIVE LIFE AND ANNUITY INSURANCE
COMPANY

 

	
  

  	
   

  	
   

  	
   

  
	
   

  	
  { Secretary }

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