Document:

Exhibit 4-a3

  

  
    

    

    

    

    

    Lincoln Life & Annuity Company of New York

    VARIABLE ANNUITY LIVING BENEFITS RIDER

    Rider Date: January 14, 2019

    Measuring Life Option: Single

    Guaranteed Maximum Annual Rider Charge Rate:    2.25%

    Initial Annual Rider Charge Rate:  1.35%

    Enhancement Rate: 6%

    Enhancement Period: 10 Years

    This optional Rider is made a part of the entire Contract to which it is
        attached. Except as stated in this Rider, it is subject to all provisions contained in the Contract. In case of any conflict between the provisions of the Contract and this Rider, the provisions of this Rider will control. Coverage under this Rider
        begins on the Rider Date shown above.

    

    

    Summary of Rider Provisions

    	 

    Guaranteed Minimum Withdrawal Benefit (GMWB): The GMWB provides a minimum withdrawal benefit that guarantees that the Owner may withdraw, each Benefit Year, an amount up to the Guaranteed Annual Income (GAI), for the
        lifetime(s) of the Measuring Life(s), if certain conditions are met as described in this Rider. The GAI is a percentage of the Income Base that may change over time.

    

    

    Additional Purchase Payment Restriction

    Subject to the Maximum Income Base limit, as shown in the Maximum
        Income Base provision of this Rider and any further limitations stated in the Contract to which this Rider is attached, cumulative additional Purchase Payments after the first Benefit Year may not equal or exceed $100,000 without prior Servicing
        Office approval. If the Contract Value is $0, then no additional Purchase Payments will be approved and added to the Contract.

    

    

    Excess Withdrawals, as defined in this Rider, will result in a reduction in future
        guaranteed withdrawal amounts. If the Owner would like to make an Excess Withdrawal and is uncertain how an Excess Withdrawal will reduce future guaranteed withdrawal amounts, please contact Us prior to requesting the withdrawal to obtain
        information on the effect the Excess Withdrawal will have. Please refer to the examples at the end of this Rider before taking a Withdrawal.

    

    

    Investment Restriction

    Investment restrictions apply to any Fixed Account and Variable
        Subaccount elections under the Contract. Refer to Investment Restrictions provisions of this Rider.

    

    

    DEFINITIONS

    All definitions found in the Contract are incorporated by reference
        and have the same meaning as they do in the Contract including other riders, endorsements and/or amendments.

    

    

    Annuitant

        means the natural person used to determine the benefits if the Measuring Life Option is Single. The Annuitant is one of two natural persons used to determine the benefits if the Measuring Life Option is Joint. The Contract may only have one
        Annuitant. The Annuitant may not be changed after the Rider Date.

    Benefit Year means each 12-month period starting with the Rider Date shown on Page 1 of this Rider and each Rider Date Anniversary thereafter.

    Company,
          Our, We, Us means Lincoln Life & Annuity Company of New York.

    
      
        

    

    

    

    GOP Death Benefit means a Death Benefit that may be provided by Contract, Endorsement or Rider that is the greater of (a) the Contract Value and (b) the sum of all Purchase Payments minus Bonus Credits, if any, minus
        all Death Benefit Reductions.

    Measuring Life means the natural person used to determine the benefits under this Rider. Measuring Life includes any Annuitant, Owner, Joint Owner and Secondary Life.

    Measuring Life Option indicates how many natural persons are used to determine the benefits under this Rider. Under the Single Measuring Life Option, the Annuitant is used to determine the benefits under this Rider.
        Under the Joint Measuring Life Option, the Annuitant and the Secondary Life are used to determine the benefits under this Rider. The Measuring Life Option may not be changed after the Rider Date.

    Purchase Payments, for the purpose of this Rider, means the amounts paid into the Contract by the Owner including Bonus Credits, if any, before deduction of any Sales Charges.

    Rider Date Anniversary is the same calendar day as the Rider Date, each subsequent calendar year, if such date is a Valuation Date. If in any calendar year such calendar day is not a Valuation Date any transactions
        that should have occurred on the Rider Date Anniversary will be processed by Us on the first Valuation Date following such calendar day.

    A quarterly anniversary of the Rider Date is the same calendar day as
        the Rider Date of every third month following the previous Rider Date, if such date is a Valuation Date. If such day is not a Valuation Date, the charge will be deducted on the first Valuation Date following such calendar day

    Secondary Life means the second natural person used to determine the benefits under this Rider if the Measuring Life Option is Joint. The Secondary Life may also be considered a joint annuitant, solely for the purposes
        of being a Measuring Life under this Rider and not for any other purposes in any other Rider or the Contract. The Secondary Life may not be changed after the Rider Date.

    	 

    Systematic Required Minimum Distributions (Systematic RMDs) means systematic installments withdrawn via Our automatic withdrawal service of the amount needed to satisfy the required minimum distribution as determined
        by Us in accordance with the IRC Section 401(a)(9), as amended from time to time, for the Contract to which this Rider is attached.

    Withdrawal means the gross amount deducted from the Contract Value as requested by the Owner before any applicable charges. Withdrawals are Conforming Withdrawals or Excess Withdrawals.

    Conforming Withdrawals are all Withdrawals to the extent that the cumulative amount withdrawn (including the current Withdrawal) from the Contract in a Benefit Year is equal to or less than the GAI. If the Owner
        receives only Systematic RMDs during a Benefit Year, all Systematic RMDs during that Benefit Year will be treated as Conforming Withdrawals. However, if a Withdrawal other than Systematic RMDs occurs during a Benefit Year, then that Withdrawal and
        any subsequent Withdrawals, including Systematic RMDs, will be treated as Excess Withdrawals to the extent that the cumulative amount withdrawn in that Benefit Year exceeds the GAI.

    Excess Withdrawals are all Withdrawals to the extent that the cumulative amount withdrawn (including the current Withdrawal) from the Contract in a Benefit Year exceeds the Conforming Withdrawal. If any Measuring Life
        is less than an attained age 70, all Withdrawals are Excess Withdrawals.

    

    

    INVESTMENT RESTRICTIONS

    No Fixed Account may be elected, except the DCA Fixed Account pursuant to a systematic allocation program. The Owner shall
        allocate Contract Values and additional Purchase Payments pursuant to Investment Restrictions Option A, Option B, or Option C as follows:

    Option A -- Elect an available Asset Allocation Model; or

    Option B -- Allocate all values among specific Variable Subaccounts; or
        Option C -- Create an asset allocation portfolio of Variable Subaccounts.

    Subject to a $1,500 minimum amount, the Owner may designate all or
        part of the initial and any subsequent Purchase Payments for systematic allocation pursuant to the Investment Restriction Option elected.

    

    

    The Asset Allocation Model or the Variable Subaccounts selected by the Owner is/are shown
        on the Allocation Amendment which is attached to the Contract.

    
      
        

    

    

    

    We do not reserve the right to add or modify Investment Restriction
        Options, however, Separate Account changes such as Variable Subaccount additions, substitutions, and closings may affect the availability of allocation options under an Investment Restriction Option.

    

    

    Contract Values will be automatically rebalanced on the quarterly anniversary of the Rider
        Date shown on Page 1 of this Rider.

    

    

    Contract Values will be automatically rebalanced on a proportional basis based on the
        allocation instructions in effect at the time of rebalancing. Within the constraints of these Investment Restrictions, the Owner may reallocate available Contract Values by notifying Us.

    

    

    Reallocation requests that violate the Investment Restrictions will be rejected by Us.

    

    

    RIDER BENEFIT

    Income Base

    The Income Base is the value used to calculate the GAI and the Rider
        Charges. The Income Base is not used in calculating the cash surrender benefit, Death Benefit, or other guaranteed paid-up annuity benefits.

    

    

    If the Rider Date is the Contract Date, then the initial Income Base will be equal to the
        initial Purchase Payment. If the Rider Date is after the Contract Date, then the initial Income Base will be equal to the Contract Value on the Rider Date.

    

    

    On a Rider Date Anniversary, the Income Base may be adjusted by an
        Enhncement or an Automatic Annual Step-Up as described below. The Income Base is also increased by an additional Purchase Payment on the Valuation Date it is approved and added to the Contract or reduced upon an Excess Withdrawal as described
        below. Upon each Conforming Withdrawal, the Income Base will not change.

    

    

    Maximum Income Base

    The Income Base is subject to a $10,000,000 maximum of the combined Income
        Base (including any Guaranteed Amount under other Company annuity riders) values for all Company annuity contracts and annuity riders, including annuity contracts with an affiliated company, for which the Annuitant or Secondary Life, if applicable,
        is a Measuring Life. If this maximum is exceeded, the Income Base (including any Guaranteed Amount under other Company annuity riders) for each applicable annuity contract and annuity rider will be reduced proportionately so the combined Income
        Base (including any Guaranteed Amount under other Company annuity riders) values do not exceed the maximum stated above.

    

    

    Enhancement Base

    The Enhancement Base is the value used to calculate the amount that may
        be added to the Income Base upon an Enhancement. The initial Enhancement Base is equal to the initial Income Base.

    

    

    On a Rider Date Anniversary, the Enhancement Base may be adjusted upon an Automatic Annual
        Step-Up as described below. The Enhancement Base is also increased by an additional Purchase Payment on the Valuation Date it is approved and added to the Contract or reduced upon an Excess Withdrawal as described below.

    

    

    The Enhancement Base will not change upon each Enhancement.

    

    

    Adjustments to the Income Base or the Enhancement Base

    The Income Base and the Enhancement Base may be adjusted as described in the provisions
        below.

    

    

    Adjustments for Additional Purchase Payments

    If an additional Purchase Payment is approved and added to the Contract,
        the Income Base and Enhancement Base will each be increased to equal the additional Purchase Payment plus the Income Base or the Enhancement Base immediately prior to receipt of the additional Purchase Payment.

    

    

    Additional Purchase Payments may affect the Rider Charge rate pursuant to the Rider Charge
        provision of this Rider.

    
      
        

    

    

    

    Adjustments for Excess Withdrawals

    Upon each Excess Withdrawal, the Income Base and Enhancement Base will
        each be reduced in the same proportion that the Excess Withdrawal reduced the Contract Value.

    

    

    

    

    Adjustments for an Automatic Annual Step-Up

    Upon an Automatic Annual Step-Up, the Income Base and Enhancement Base
        will each be increased to an amount equal to the Contract Value.

    

    

    On each Rider Date Anniversary, an Automatic Annual Step-Up will occur
        only if all of the following conditions are satisfied:

    
      	
              (a)

            	
              all Measuring Lives as of that Valuation Date are under attained age 86; and

            

    

    
      	
              (b)

            	
              the Contract Value as of that Valuation Date is greater than the Income Base; and

            

    

    
      	
              (c)

            	
              the Automatic Annual Step-Up would increase the Income Base at least as much as an Enhancement that may have
                  occurred on such Rider Date Anniversary.

            

    

    

    

    Upon an Automatic Annual Step-Up, the Rider Charge rate may increase to the Rider Charge
        rate currently in effect, subject to the Guaranteed Maximum Annual Rider Charge Rate shown on Page 1 of this Rider. Any Automatic Annual Step-Up may be declined if the Rider Charge rate is increased, as described in the Rider Charge provision of
        this Rider. If the Owner does not decline the Automatic Annual Step-Up as described in the Rider Charge provision of this Rider, the increase to the Income Base and Enhancement Base will be deemed accepted by the Owner.

    

    

    If the Owner declines the Automatic Annual Step-Up, the Income Base and Enhancement Base
        will be the Income Base and Enhancement Base on the Valuation Date immediately prior to the increase, subject to adjustments for Withdrawals and additional Purchase Payments.

    

    

    Future Automatic Annual Step-Ups may occur after declining an Automatic Annual Step-Up.

    

    

    Adjustment for an Enhancement

    On each Rider Date Anniversary, in accordance with the conditions of
        this provision, the Income Base will automatically be increased by an amount that is equal to (A) multiplied by (B), where:

    
      	
              (A)

            	
              is the Enhancement Base less any Purchase Payments approved and added to the Contract in the preceding
                  Benefit Year (except any Purchase Payment approved and added to the Contract within the first 90 days after the Rider Date); and

            

    

    
      	
              (B)

            	
              is the Enhancement Rate shown on Page 1 of this Rider.

            

    

    

    

    The Enhancement will occur if all of the following conditions are satisfied:

    
      	
              (a)

            	
              the preceding Benefit Year is during the Enhancement Period shown on Page 1 of this Rider, which begins on the
                  Rider Date and restarts upon an Automatic Annual Step-Up; and

            

    

    
      	
              (b)

            	
              no Conforming Withdrawal has been made under the Contract. Upon the first Conforming Withdrawal, no future
                  Enhancements will occur while this Rider is in force; and

            

    

    
      	
              (c)

            	
              No Excess Withdrawal has occurred in the preceding Benefit Year; and

            

    

    
      	
              (d)

            	
              all Measuring Lives are under attained age 86; and

            

    

    
      	
              (e)

            	
              the Enhancement would increase the Income Base more than an Automatic Annual Step-Up that may have occurred on
                  such Rider Date Anniversary.

            

    

    

    

    Upon an Enhancement that occurs after the initial Enhancement Period, the Rider Charge rate
        may increase to the rate currently in effect, subject to the Guaranteed Maximum Annual Rider Charge Rate shown on Page 1 of this Rider. The initial Enhancement Period begins on the Rider Date and ends after the Enhancement Period shown on Page 1 of
        this Rider.

    

    

    Any Enhancement after the initial Enhancement Period may be declined if the Rider Charge
        rate is increased, as described in the Rider Charge provision of this Rider. If the Owner declines the Enhancement because of a Rider Charge rate increase, the Enhancement will not occur. If the Owner does not decline the Enhancement as

    
      
        

    

    

    

    described in the Rider Charge provision of this Rider, the increase to
        the Income Base will be deemed accepted by the Owner.

    

    

    If the Owner declines the Enhancement, the Income Base will be the Income Base on the
        Valuation Date immediately prior to the increase, subject to adjustments for Withdrawals and additional Purchase Payments.

    

    

    Future Enhancements may occur after declining an Enhancement.

    

    

    Guaranteed Annual Income (GAI) Amount

    The GAI is an amount that may be withdrawn from the Contract by the
        Owner each Benefit Year as a Conforming Withdrawal. As long as the GAI is not reduced to $0, then the GAI may be withdrawn during the lifetime(s) of all Measuring Lives. The GAI is available once all Measuring Lives are an attained age 70. If the
        Measuring Life Option is Joint, the GAI available is based upon the attained age of the younger or surviving Measuring Life.

    

    

    The GAI will change upon an Automatic Annual Step-Up, an Enhancement, an additional
        Purchase Payment, upon an Excess Withdrawal or when the GAI is determined by GAI Rate Table B, as described below.

    

    

    GAI Rate Tables

    	
            GAI Rate Table A

          
	
            Single Measuring Life Option

          	
            Joint Measuring Life Option

          
	
            Age of Measuring Life

          	
            GAI Rate1

          	
            Age of Younger or Surviving Measuring Life

          	
            GAI Rate2

          
	
            0 – 69

          	
            0.00%

          	
            N/A

          	
            N/A

          
	
            70 +

          	
            6.25%

          	
            N/A

          	
            N/A

          

    

    

    	
            GAI Rate Table B

          
	
            Single Measuring Life Option

          	
            Joint Measuring Life Option

          
	
            Age of Measuring Life

          	
             

            GAI Rate1

          	
            Age of Younger or Surviving Measuring Life

          	
             

            GAI Rate2

          
	
            0 – 69

          	
            0.00%

          	
            N/A

          	
            N/A

          
	
            70 +

          	
            5.00%

          	
            N/A

          	
            N/A

          

    1 The GAI Rate will
        be based upon the attained age of the Measuring Life.

    2 The GAI Rate will
        be based upon the attained age of the younger or surviving Measuring Life.

    

    

    Determining the GAI

    The GAI is determined by multiplying the Income Base by a GAI Rate
        from the applicable GAI Rate Table above, which varies by age and the Measuring Life Option as shown in the GAI Rate Tables. While the Contract Value is greater than $0, GAI Rate Table A is used to determine the GAI. GAI Rate Table B will be used
        to determine the GAI once the Contract Value is reduced to $0 or when the GAI Annuity Payment Option is elected.

    

    

    Upon the first Conforming Withdrawal, the GAI Rate used to calculate the GAI will be based
        upon the attained age of the Measuring Life as of the date of such Withdrawal. If the Measuring Life Option is Joint, upon the first Conforming Withdrawal, the GAI Rate used to calculate the GAI will be based upon the attained age of the younger or
        surviving Measuring Life. Thereafter, the GAI Rate will not change unless an Automatic Annual Step-Up occurs pursuant to the Adjustment (to the GAI) for an Automatic Annual Step-Up provision of this Rider or as described within this provision. If
        the Measuring Life Option is Joint, the GAI Rate will be based upon the attained age of the younger or surviving Measuring Life. When GAI Rate Table B is used to determine the GAI, the GAI Rate will be based upon the later of (a) the attained age
        of the Measuring Life(s) as of the first Conforming Withdrawal; or (b) the attained age of the Measuring Life(s) as of the Valuation Date the GAI was last determined by GAI Rate Table A.

    
      
        

    

    

    

    The GAI paid as determined by GAI Rate Table A may not exceed the remaining Contract Value
        in any Benefit Year. However, if the GAI paid in a Benefit Year once the Contract Value is reduced to $0 or the GAI Annuity Payment Option is elected, is less than the GAI determined by GAI Rate Table B, the difference between the GAI determined by
        GAI Rate Table B and the total GAI already paid in that Benefit Year will be payable as a Conforming Withdrawal for the remainder of the Benefit Year at a frequency determined by Us.

    

    

    Adjustment (to the GAI) for Additional Purchase
        Payments

    If an additional Purchase Payment is approved and added to the Contract,
        the GAI will be equal to the additional Purchase Payment times the GAI Rate used when the GAI was last determined plus the GAI immediately prior to receipt of the additional Purchase Payment. Additional Purchase Payments may affect the Rider Charge
        rate pursuant to the Rider Charge provision of this Rider.

    

    

    Adjustment (to the GAI) for Excess Withdrawals

    Upon each Excess Withdrawal, the GAI applicable to the next Benefit
        Year will decrease to equal the Income Base after the Excess Withdrawal times the GAI Rate used when the GAI was last determined. If the Income Base after the Excess Withdrawal equals $0, this Rider and Contract will terminate.

    

    

    Adjustment (to the GAI) for an Automatic Annual Step-Up

    Upon an Automatic Annual Step-Up, the GAI will equal the increased Income
        Base times the GAI Rate based upon the attained age of the Measuring Life as of the Valuation Date of the Automatic Annual Step-Up, which may result in a higher GAI Rate than when the GAI was last determined. If the Measuring Life Option is Joint,
        the GAI Rate will be based upon the younger or surviving Measuring Life.

    

    

    If the Rider Charge rate then in effect is increased in connection with an Automatic
        Annual Step-Up, the Owner may decline the increase to the Income Base and Enhancement Base, as described in the Rider Charge provision of this Rider. If the Owner declines the increase, the GAI will be the GAI on the Valuation Date immediately
        prior to the increase, subject to adjustments for Withdrawals, additional Purchase Payments and at the time the GAI Rate is determined by GAI Rate Table B as described in the Determining the GAI provision of this Rider.

    

    

    Adjustment (to the GAI) for an Enhancement

    Upon an Enhancement, the GAI will equal the increased Income Base times
        the GAI Rate used when the GAI was last determined.

    

    

    If the Rider Charge rate then in effect is increased in connection with an Enhancement,
        the Owner may decline the increase to the Income Base, as described in the Rider Charge provision of this Rider. If the Owner declines the increase, the GAI will be the GAI on the Valuation Date immediately prior to the increase, subject to
        adjustments for Withdrawals, additional Purchase Payments and at the time the GAI Rate is determined by GAI Rate Table B as described in the Determining the GAI provision of this Rider.

    

    

    Maximum GAI

    The combined GAI (including any Maximum Annual Withdrawal amount, or
        “MAW” under other Company annuity riders) for all Company annuity contracts, including annuity contracts with an affiliated company, for which the Annuitant or Secondary Life, if applicable, is a Measuring Life, is subject to a maximum of the GAI
        Rate times the Maximum Income Base.

    

    

    Contract Value Reduces to $0

    Even if the Contract Value declines to $0, as long as (a) the GAI is
        not $0; and (b) the Contract has not been surrendered, the GAI as calculated pursuant to the Determining the GAI provision, will continue for the lifetime(s) of the Measuring Life(s) under the GAI Annuity Payment Option described in this Rider.

    

    

    The Owner may elect to receive the GAI at any frequency We offer, subject to minimum
        payment amount rules then in effect, but no less frequently than annually.

    
      
        

    

    

    

    If the Contract Value is $0 and the Contract terminates due to the
        death of all Measuring Lives, no Death Benefit will be paid. However, unless the currently effective Death Benefit option is the Account Value Death Benefit Option, a final payment, if available, will be made under this Rider. Such payment shall be
        equal to (A) minus (B) minus (C), where:

    
      	
              (A)

            	
              is equal to the sum of all Purchase Payments minus Bonus Credits, if applicable, if the Rider Date is the
                  Contract Date. If the Rider Date is after the Contract Date then (A) is equal to the Contract Value on the Rider Date, plus subsequent Purchase Payments minus subsequent Bonus Credits, if applicable.

            

    

    
      	
              (B)

            	
              is the sum of all Final Payment Reductions through the Valuation Date upon which the Contract Value
                  reduces to $0. Final Payment Reductions are made whenever a Withdrawal occurs. Upon Excess Withdrawals, Final Payment Reductions are calculated proportionately; the percentage reduction of the Contract Value due to the Withdrawal will be
                  applied to (A) as the Final Payment Reduction. Upon Conforming Withdrawals, the reduction of the Contract Value due to the Withdrawal will be applied to (A) as the Final Payment Reduction.

            

    

    
      	
              (C)

            	
              is the sum of all Conforming Withdrawals after the Valuation Date upon which the
                  Contract Value reduces to $0.

            

    

    

    

    GAI Annuity Payment Option

    The GAI Annuity Payment Option may be irrevocably elected by the Owner
        upon Notice to Us, provided the Contract has not been surrendered. Once the GAI Annuity Payment Option is effective, no additional Purchase Payments will be accepted. The GAI Annuity Payment Option will be made effective by Us if the Contract Value
        declines to $0, as long as the GAI is not $0. Upon election of the GAI Annuity Payment Option, the Owner will no longer have access to the Contract Value or Death Benefit.

    

    

    If elected, the Owner will receive payment equal to the GAI based on the GAI in GAI Rate
        Table B and as calculated pursuant to the Determining the GAI provision of this Rider, each Benefit Year for the lifetime(s) of the Measuring Life(s). The Owner may elect to receive the GAI at any frequency We offer, subject to minimum payment
        amount rules then in effect, but no less frequently than annually.

    

    

    If this GAI Annuity Payment Option is in effect, no Death Benefit will be paid. However,
        if the Death Benefit option immediately prior to the Annuity Commencement Date was not the Account Value Death Benefit Option, a final payment, if available, will be made under this Rider. Such payment shall be equal to (A) minus (B) minus (C),
        where:

    
      	
              (A)

            	
              is equal to the sum of all Purchase Payments minus Bonus Credits, if applicable, if the Rider Date is the
                  Contract Date. If the Rider Date is after the Contract Date then (A) is equal to the Contract Value on the Rider Date, plus subsequent Purchase Payments minus subsequent Bonus Credits, if applicable.

            

    

    
      	
              (B)

            	
              is the sum of all Final Payment Reductions prior to the GAI Annuity Payment Option Effective Date. Final
                  Payment Reductions are made whenever a Withdrawal occurs. Upon Excess Withdrawals, Final Payment Reductions are calculated proportionately; the percentage reduction of the Contract Value due to the Withdrawal will be applied to (A) as the
                  Final Payment Reduction. Upon Conforming Withdrawals, the reduction of the Contract Value due to the Withdrawal will be applied to (A) as the Final Payment Reduction.

            

    

    
      	
              (C)

            	
              is the sum of all Conforming Withdrawals on and after the GAI Annuity Payment Option
                  Effective Date.

            

    

    

    

    Effect of Death

    Upon the death of the Annuitant if the Measuring Life Option is Single,
        this Rider will terminate. Upon the first death of a Measuring Life if the Measuring Life Option is Joint, the Owner may continue the contract and this Rider under the Joint Measuring Life Option. If so continued, the GAI will continue for the life
        of the surviving Measuring Life. Upon the death of the surviving Measuring Life, this Rider will terminate.

    

    

    Waivers

    Waiver of Contingent Deferred Sales Charge or CDSC /
        Surrender Charge or Premium Based Charge (if applicable)

    No Contingent Deferred Sales Charge, CDSC/Surrender Charge, or Premium
        Based Charge will apply to Conforming Withdrawals. Excess Withdrawals will be subject to any applicable Contingent Deferred Sales Charge, CDSC/Surrender Charge, or Premium Based Charge to the extent that the total amount of Withdrawals in the
        Contract Year exceeds the Free Withdrawal Amount for that Contract Year.

    
      
        

    

    

    

    

    

    Determining the Quarterly Rider Charge

    RIDER CHARGE

    
      

      

      The Initial Annual Rider Charge Rate shown on Page 1 of this Rider
          is divided by four to calculate the initial quarterly Rider Charge rate. The Rider Charge rate may change as described herein, but the annualized Rider Charge rate may never exceed the Guaranteed Maximum Annual Rider Charge Rate shown on Page 1
          of this Rider.

      

      

      A quarterly Rider Charge is deducted from the Contract Value on each quarterly anniversary of the Rider Date.

      

      

      The amount of the quarterly Rider Charge is the quarterly Rider Charge rate multiplied by
          the Income Base (prior to any Automatic Annual Step-Up or Enhancement that may occur) on the Valuation Date the charge is deducted.

      

      

      Quarterly Rider Charges will be deducted from each Variable Subaccount on a
          proportionate basis. Quarterly Rider Charges are not deducted from any Fixed Account. A pro-rata quarterly Rider Charge will be recalculated and deducted upon termination of this Rider, except if the Contract is terminated due to death.

      

      

      Adjustments to the Rider Charge rate on a Rider Date Anniversary

      Any change to the Rider Charge rate will occur only on a Rider Date
          Anniversary. The Rider Charge rate change is to the Rider Charge rate currently in effect on the Rider Date Anniversary of the change, subject to the Guaranteed Maximum Annual Rider Charge Rate shown on Page 1 of this Rider.

      The Rider Charge rate will change on a Rider Date Anniversary due to:

      
        	
                (a)

              	
                an additional Purchase Payment in the Benefit Year preceding the applicable Rider Date Anniversary, if
                    the cumulative Purchase Payments approved and added to the Contract after the first Benefit Year equals or exceeds the limit shown in the Additional Purchase Payment Restriction provision of the Rider; or

              

      

      
        	
                (b)

              	
                an Automatic Annual Step-Up pursuant to the Adjustments for an Automatic Annual Step-Up provision of
                    this Rider or Adjustment (to the GAI) for an Automatic Annual Step-Up provision of this Rider; or

              

      

      
        	
                (c)

              	
                an Enhancement after the initial Enhancement Period pursuant to the Adjustment for an Enhancement
                    provision of this Rider or Adjustment (to the GAI) for an Enhancement of this Rider.

              

      

      

      

      If, on a Rider Date Anniversary, an increase described in (b) or (c)
          results in an increase to the Rider Charge rate then in effect, the Owner may decline such increase by Notice to Us within 30 days of the effective date of the increase. If the Owner does decline the increase, the Income Base, Enhancement Base,
          if applicable and GAI will be adjusted as described in the provisions in this Rider.

      

      

      GENERAL

      GOP Death Benefit Amount

      A GOP Death Benefit is provided under the Guarantee of Principal
          (GOP) or Enhanced Guaranteed Minimum Death Benefit (EGMDB), one of which may be applicable to the Contract as shown in the Contract Specifications.

      

      

      If the Contract includes a Death Benefit, including any Death Benefit
          Rider, that has a Death Benefit Amount defined as the sum of all Purchase Payments minus all death benefit reductions, and that such death benefit reductions of Purchase Payments “will be in proportion to the amount withdrawn” such Death Benefit
          Amount definition is hereby replaced with the following:

      The sum of all Purchase Payments, minus all Death Benefit Reductions
          and any Bonus Credits. Death Benefit Reductions are made whenever a Withdrawal occurs.

      For Withdrawals (a) prior to the Rider Date of a Variable Annuity Living Benefits Rider
          or a Variable Annuity Guaranteed Income Benefit Rider and (b) after the termination of a Variable Annuity Living Benefits Rider or a Variable Annuity Guaranteed Income Benefit Rider Death Benefit Reductions are calculated proportionately; the
          percentage reduction of the Contract Value (Account Value if the VAPOR is in effect) due to the Withdrawal will be applied to the Purchase Payments as the Death Benefit Reduction.

      

      

      For Withdrawals while a Variable Annuity Living Benefits Rider or a Variable Annuity
          Guaranteed Income Benefit Rider is in force:

    

    
      
        

    

    

    

    
      	
              (a)

            	
              upon Excess Withdrawals, Death Benefit Reductions are calculated proportionately; the percentage
                  reduction of the Contract Value due to the Excess Withdrawal will be applied to the Purchase Payments as the Death Benefit Reduction, and

            

    

    
      	
              (b)

            	
              upon Conforming Withdrawals, the reduction of the Contract Value due to the Conforming Withdrawal will be
                  applied to the Purchase Payments as the Death Benefit Reduction.

            

    

    

    

    Termination of this Rider

    The Owner may terminate this Rider upon Notice to Us any time after the 5th Rider Date Anniversary. This Rider will terminate upon the earliest of:

    
      	
              (a)

            	
              the date the Contract to which this Rider is attached terminates;

            

    

    
      	
              (b)

            	
              the date the Owner or Annuitant named on the Contract is changed, except when the Contract is assumed by
                  the spouse as the beneficiary upon the death of the original Owner and such spouse is then named the Annuitant;

            

    

    
      	
              (c)

            	
              the date the Owner is changed due to death or pursuant to an enforceable divorce agreement or decree,
                  except when Ownership is transferred to the surviving Secondary Life upon death of the Annuitant/Owner. A spouse may be named the Annuitant as described in item (b) of these provisions under the Joint Measuring Life option only;

            

    

    
      	
              (d)

            	
              the Annuity Commencement Date except under the GAI Annuity Payment Option;

            

    

    
      	
              (e)

            	
              the death of the Annuitant if the Measuring Life Option is Single, or on the death of the last surviving
                  Measuring Life if the Measuring Life Option is Joint;

            

    

    
      	
              (f)

            	
              the date both the Income Base and GAI equal $0 as the result of an Excess Withdrawal.

            

    

    

    

    Upon termination of this Rider, the benefits and charges within this Rider will terminate. A
        pro-rata Rider Charge will be deducted upon termination, except if this Rider is terminated due to death.

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      
        

    

    

    

    Sample Calculations

    These numeric examples are designed to assist in understanding the
        benefits provided by this Rider. They are based on certain assumptions and do not reflect any potential future investment returns. Please refer to the GAI Rate Tables of this Rider to determine the Owner’s actual benefit.

    

    

    General Assumptions

    
      	
              

            	
              Maximum Income Base is equal to $10,000,000

            

    

    
      	
              

            	
              Rider Effective Date is the Contract Date

            

    

    

    

    Example # 1 – Setting of Initial Values

    The values shown below are based on the following assumptions:

    
      	
              

            	
              Initial Purchase Payment is equal to $100,000

            

    

    
      	
              

            	
              Owner is Age 70

            

    

    
      	
              

            	
              Guaranteed Annual Income Rate is set at 6.25%

            

    

    

    

    	
            Benefit Year

          	 	 	
            Purchase Payment

          	 	 	
            Contract Value

          	 	 	
            Income Base

          	 	 	
            Enhancement Base

          	 	 	
            Guaranteed Annual Income

          	 
	 	
            1

          	 	 	
            $

          	
            100,000

          	 	 	
            $

          	
            100,000

          	 	 	
            $

          	
            100,000

          	 	 	
            $

          	
            100,000

          	 	 	
            $

          	
            6,250

          	 

    

    

    On the Rider Date, the initial values are set as follows:

    
      	
              

            	
              Income Base equals the initial Purchase Payment ($100,000)

            

    

    
      	
              

            	
              Enhancement Base equals the initial Purchase Payment ($100,000)

            

    

    
      	
              

            	
              Guaranteed Annual Income amount equals $6,250 (6.25% of the Income Base of $100,000)

            

    

    

    

    Example # 2 – Subsequent Purchase Payments and Impact on Annual Rider Charge Rate

    
      	
              

            	
              The values shown below assumes that the Initial Purchase Payment equals $100,000

            

    

    

    

    	
            Additional Purchase Payment made during Benefit Year

          	 	 	
            Amount

          	 	 	
            Cumulative Additional Purchase Payments

          	 	
            Annual Rider Charge Rate at Rider Date
                Anniversary

          	
            Explanation

          
	 	
            2

          	 	 	
            $

          	
            75,000

          	 	 	
            $

          	
            75,000

          	 	
            No change

          	
            Additional Purchase Payments after first Benefit Year are less than $100,000, so the
                Annual Rider Charge Rate remains the

            same.

          
	 	
            3

          	 	 	
            $

          	
            25,000

          	 	 	
            $

          	
            100,000

          	 	
            Then-current Annual Rider Charge Rate

          	
            Additional Purchase Payments have reached $100,000, so the Annual Rider Charge Rate
                changes to then-current Annual Rider Charge Rate.

          
	 	
            4

          	 	 	
            $

          	
            10,000

          	 	 	
            $

          	
            110,000

          	 	
            Then-current Annual Rider Charge Rate

          	
            Because additional Purchase Payments reached $100,000 in Benefit Year 3, any
                additional Purchase Payments of any size, including this $10,000 payment, will cause the Annual Rider Charge Rate to change again to then-current Annual Rider Charge Rate.

          

    
      	
              

            	
              Additional Purchase Payments automatically increase the Income Base and Enhancement
                  Base by the amount of the Purchase Payments (not to exceed the maximum Income Base).

            

    

    
      	
              

            	
              After the first Rider Date Anniversary, each time a Purchase Payment is made after
                  the cumulative Purchase Payments equal or exceed $100,000; the Annual Rider Charge Rate will be the current Annual Rider Charge Rate in effect on that next Rider Date Anniversary.

            

    

    
      	
              

            	
              Servicing Office approval is needed for cumulative additional Purchase Payments above
                  $100,000 after the first Benefit Year.

            

    

    
      
        

    

    

    

    Example # 3 – Adjustments for Enhancements and Automatic Annual Step-ups

    The values shown below are based on the following assumptions:

    
      	
              

            	
              Initial Purchase Payment is equal to $50,000 and no subsequent Purchase Payments are made

            

    

    
      	
              

            	
              No Withdrawal taken in any of the years

            

    

    
      	
              

            	
              Owner purchases the Rider at Age 70

            

    

    
      	
              

            	
              Single life option is elected

            

    

    	

          

    
      	
              

            	
              Guaranteed Annual Income Rate is 6.25%

            

    

    

    This example illustrates both 6% Enhancements and Annual Step-Ups.

    
      	
              Benefit

              Year

            	 	 	
              Contract

              Value

            	 	 	
              Income

              Base

            	 	 	
              Enhancement

              Base

            	 	 	
              Guaranteed

              Annual

              Income Rate

            	 	 	
              Guaranteed

              Annual

              Income

            	 	 	
              6%

              Enhancement

            	 	 	
              Automatic

              Annual

              Step-up

            	 
	 	
              1

            	 	 	
              $

            	
              50,000

            	 	 	
              $

            	
              50,000

            	 	 	
              $

            	
              50,000

            	 	 	 	
              6.25

            	
              %

            	 	
              $

            	
              3,125

            	 	 	 	
              N/A

            	 	 	 	
              N/A

            	 
	 	
              2

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	 	
              6.25

            	
              %

            	 	
              $

            	
              3,375

            	 	 	
              No

            	 	 	
              Yes

            	 
	 	
              3

            	 	 	
              $

            	
              53,900

            	 	 	
              $

            	
              57,240

            	 	 	
              $

            	
              54,000

            	 	 	 	
              6.25

            	
              %

            	 	
              $

            	
              3,578

            	 	 	
              Yes

            	 	 	
              No

            	 
	 	
              4

            	 	 	
              $

            	
              57,000

            	 	 	
              $

            	
              60,480

            	 	 	
              $

            	
              54,000

            	 	 	 	
              6.25

            	
              %

            	 	
              $

            	
              3,780

            	 	 	
              Yes

            	 	 	
              No

            	 
	 	
              5

            	 	 	
              $

            	
              64,000

            	 	 	
              $

            	
              64,000

            	 	 	
              $

            	
              64,000

            	 	 	 	
              6.25

            	
              %

            	 	
              $

            	
              4,000

            	 	 	
              No

            	 	 	
              Yes

            	 
	 	
              6

            	 	 	
              $

            	
              62,000

            	 	 	
              $

            	
              67,840

            	 	 	
              $

            	
              64,000

            	 	 	 	
              6.25

            	
              %

            	 	
              $

            	
              4,240

            	 	 	
              Yes

            	 	 	
              No

            	 
	 	
              10

            	 	 	
              $

            	
              88,000

            	 	 	
              $

            	
              88,000

            	 	 	
              $

            	
              88,000

            	 	 	 	
              6.25

            	
              %

            	 	
              $

            	
              5,500

            	 	 	
              No

            	 	 	
              Yes

            	 
	 	
              11

            	 	 	
              $

            	
              87,500

            	 	 	
              $

            	
              93,280

            	 	 	
              $

            	
              88,000

            	 	 	 	
              6.25

            	
              %

            	 	
              $

            	
              5,830

            	 	 	
              Yes

            	 	 	
              No

            	 

    

    
      	
              

            	
              Initial Guaranteed Annual Income amount equals 6.25% of the initial Income Base
                  ($50,000 * 6.25% =

            

    

    $3,125).

    
      	
              

            	
              On the first Rider Date Anniversary, the Income Base and Enhancement Base are
                  $54,000 because of the Automatic Annual Step-Up. The Contract Value is greater than the Enhancement amount added to the prior Income Base.

            

    

    
      	
              

            	
              On the second Rider Date Anniversary, the Income Base increases by $3,240 (6%
                  Enhancement rate multiplied by the Enhancement Base) since it is higher than the Contract Value.

            

    

    
      	
              

            	
              On the third Rider Date Anniversary, the Income Base increases by $3,240 (6%
                  Enhancement rate multiplied by the Enhancement Base) since it is higher than the Contract Value.

            

    

    
      	
              

            	
              On the fourth Rider Date Anniversary, the Income Base and Enhancement Base are $64,000
                  because of the Automatic Annual Step-Up.

            

    

    
      	
              

            	
              On the fifth Rider Date Anniversary, the Income Base increases due to the Enhancement
                  by $3,840 (6% Enhancement rate multiplied by the Enhancement Base) since it is higher than the Contract Value.

            

    

    
      	
              

            	
              On the ninth Rider Date Anniversary, the Income Base and Enhancement Base are
                  $88,000 because of the Automatic Annual Step-Up.

            

    

    

    

    General Notes:

    
      	
              (a)

            	
              The Income Base will automatically step-up to the Contract Value on each Rider Date Anniversary if the Contract Value on that
                  date is greater than the Income Base through Age 85.

            

    

    
      	
              (b)

            	
              Upon the first Conforming Withdrawal, no future Enhancements will occur.

            

    

    
      	
              (c)

            	
              If an additional Purchase Payment was added in any Benefit Year the Income Base and Enhancement Base
                  would automatically increase by the dollar amount of the Purchase Payment and the Guaranteed Annual Income would be recalculated to equal the applicable Guaranteed Annual Income Rate times the increased Income Base.

            

    

    
      	
              (d)

            	
              Any Purchase Payments made within the first 90 days after the Rider Date will be included in the Enhancement
                  Base for the purpose of receiving the 6% Enhancement on the first Rider Date Anniversary.

            

    

    
      	
              (e)

            	
              The 6% Enhancement rate will be in effect for the earlier of 10 years from the Rider Date or through Age

            

    

    85. A new 10-year Enhancement Period will begin each time an Automatic Annual Step-Up to the
        Contract Value occurs.

    
      
        

    

    

    

    Example # 4 - Withdrawals not exceeding the Guaranteed Annual Income amount

    The values shown below are based on the following assumptions:

    
      	
              

            	
              Initial Purchase Payment is equal to $50,000 and no subsequent Purchase Payments are
                  made

            

    

    
      	
              

            	
              Guaranteed Annual Income Rate set at 6.25%

            

    

    
      	
              

            	
              Owner purchases the Rider at Age 70

            

    

    

    

    	
            Beginning of Benefit Year

          	 	 	
            Income Base

            (Beginning of Year)

          	 	 	
            Enhancement Base (Beginning of

            Year)

          	 	 	
            Guaranteed Annual Income

          	 	 	
            Actual Withdrawal Taken

          	 	 	
            Income Base After Withdrawal

          	 	 	
            Enhancement Base
                After Withdrawal

          	 	 	
            Contract Value

            (End of Year)

          	 	
            Account Value Step-Up

          	 	
            Income Base

            (End of Year)

          	 	 	
            Enhancement

            Base

            (End of Year)

          	 
	 	
            1

          	 	 	
            $

          	
            50,000

          	 	 	
            $

          	
            50,000

          	 	 	
            $

          	
            3,125

          	 	 	
            $

          	
            3,125

          	 	 	
            $

          	
            50,000

          	 	 	
            $

          	
            50,000

          	 	 	
            $

          	
            54,000

          	 	
            yes

          	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 
	 	
            2

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            3,375

          	 	 	
            $

          	
            3,375

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            51,000

          	 	
            no

          	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 
	 	
            3

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            3,375

          	 	 	
            $

          	
            3,375

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            57,000

          	 	
            yes

          	 	
            $

          	
            57,000

          	 	 	
            $

          	
            57,000

          	 
	 	
            4

          	 	 	
            $

          	
            57,000

          	 	 	
            $

          	
            57,000

          	 	 	
            $

          	
            3,563

          	 	 	
            $

          	
            3,563

          	 	 	
            $

          	
            57,000

          	 	 	
            $

          	
            57,000

          	 	 	
            $

          	
            64,000

          	 	
            yes

          	 	
            $

          	
            64,000

          	 	 	
            $

          	
            64,000

          	 

    
      	
              

            	
              Initial Guaranteed Annual Income amount equals 6.25% of the initial Income Base
                  ($50,000 * 6.25% = $3,125).

            

    

    
      	
              

            	
              Because the first Conforming Withdrawal occurs in the first Benefit Year, no future
                  Enhancements will occur.

            

    

    
      	
              

            	
              After the Withdrawal in the first Benefit Year, the Income Base and Enhancement Base are not reduced by
                  the Guaranteed Annual Income amount and remain at $50,000. On the first Rider Date Anniversary, the Income Base and Enhancement Base are $54,000 because of the Automatic Annual Step-Up.

            

    

    
      	
              

            	
              After the Withdrawal in the second Benefit Year, the Income Base and Enhancement Base are not reduced
                  by the Guaranteed Annual Income amount and remain at $54,000. On the second Rider Date Anniversary, the Income Base and Enhancement Base are still $54,000 since it is higher than the Contract Value.

            

    

    
      	
              

            	
              After the Withdrawal in the third Benefit Year, the Income Base and Enhancement Base are not reduced by
                  the Guaranteed Annual Income amount and remain at $54,000. On the third Rider Date Anniversary, the Income Base and Enhancement Base are $57,000 because of the Automatic Annual Step-Up.

            

    

    
      	
              

            	
              After the Withdrawal in the fourth Benefit Year, the Income Base and Enhancement Base are not reduced
                  by the Guaranteed Annual Income amount and remain at $57,000. On the fourth Rider Date Anniversary, the Income Base and Enhancement Base are $64,000 because of the Automatic Annual Step-Up.

            

    

    
      	
              

            	
              When an Automatic Annual Step-Up occurs, the Guaranteed Annual Income amount is
                  recalculated.

            

    

    

    

    Example # 5 - Withdrawals exceeding the Guaranteed Annual Income amount

    The values shown below are based on the following assumptions:

    
      	
              

            	
              Initial Purchase Payment is equal to $100,000

            

    

    
      	
              

            	
              Prior to Excess Withdrawal the Contract Value is $80,000, the Income Base is $100,000
                  and the Enhancement Base equals $100,000

            

    

    
      	
              

            	
              Guaranteed Annual Income amount equals $6,250 (6.25% of the Income Base of $100,000)

            

    

    
      	
              

            	
              A Withdrawal of $12,000 is taken

            

    

    

    

    	
            Time

          	 	
            Contract Value

          	 	 	
            Income Base

          	 	 	
            Enhancement Base

          	 	 	
            Guaranteed Annual Income

          	 	 	
            Withdrawal Taken

          	 	 	
            Excess Withdrawal

          	 
	
            Prior to Withdrawal

          	 	
            $

          	
            80,000

          	 	 	
            $

          	
            100,000

          	 	 	
            $

          	
            100,000

          	 	 	
            $

          	
            6,250

          	 	 	 	
            N/A

          	 	 	 	
            N/A

          	 
	
            After Conforming Withdrawal

            (dollar- for dollar reduction)

          	 	
            $

          	
            73,750

          	 	 	
            $

          	
            100,000

          	 	 	
            $

          	
            100,000

          	 	 	
            $

          	
            6,250

          	 	 	
            $

          	
            6,250

          	 	 	
            $

          	
            0

          	 
	
            After the Excess Withdrawal

            (Pro rata reduction)

          	 	
            $

          	
            68,000

          	 	 	
            $

          	
            92,203

          	 	 	
            $

          	
            92,203

          	 	 	
            $

          	
            5,763

          	 	 	
            $

          	
            5,750

          	 	 	
            $

          	
            5,750

          	 

    
      	
              

            	
              The Contract Value is reduced dollar for dollar for the Guaranteed Annual Income amount of $6,250. Contract
                  Value = $73,750 ($80,000 - $6,250); Income Base = $100,000; Enhancement Base = $100,000.

            

    

    
      	
              

            	
              The Contract Value is reduced further by the $5,750 Excess Withdrawal to $68,000 ($73,750 - $5,750); the
                  Income Base and Enhancement Base are reduced by the same proportion as the Excess Withdrawal reduces the $73,750 Contract Value. The new Income Base and Enhancement Base = $92,203 ($100,000 * (1-

            

    

    $5,750/$73,750)).

    
      	
              

            	
              The new Guaranteed Annual Income amount = $5,763 ($92,203 * 6.25%).

            

    

    

    

    General Notes:

    
      	
              (a)

            	
              The Income Base and Enhancement Base are reduced by the same proportion as the Excess Withdrawal reduces the Contract Value.

            

    

    
      	
              (b)

            	
              The Guaranteed Annual Income amount will be immediately recalculated to 6.25% of the new, reduced Income Base (after the
                  pro-rata reduction for the Excess Withdrawal).

            

    

    
      
        

    

    

    

    Example # 6 – Setting of the Guaranteed Annual Income if the Contract Value reaches $0

    The values shown below are based on the following assumptions:

    
      	
              

            	
              Initial Purchase Payment is equal to $50,000 and no subsequent Purchase Payments are made

            

    

    
      	
              

            	
              Maximum Guaranteed Annual Income is taken each year at the beginning of the Benefit Year

            

    

    
      	
              

            	
              Owner purchases the Rider at Age 70

            

    

    
      	
              

            	
              Guaranteed Annual Income Rate is 6.25% and is reduced to 5% once the Contract Value reaches $0.

            

    

    

    

    	
            Beginning of Benefit

            Year

          	 	 	
             

            Contract Value

          	 	 	
             

            Income Base

          	 	 	
             

            Enhancement Base

          	 	 	
            Guaranteed Annual Income Rate

          	 	 	
            Guaranteed Annual Income

          	 	 	
             

            Withdrawal Taken

          	 	 	
            Automatic Annual Step- Up

          	 
	 	
            1

          	 	 	
            $

          	
            50,000

          	 	 	
            $

          	
            50,000

          	 	 	
            $

          	
            50,000

          	 	 	 	
            6.25

          	
            %

          	 	
            $

          	
            3,125

          	 	 	
            $

          	
            3,125

          	 	 	 	
            n/a

          	 
	 	
            2

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 	 	 	
            6.25

          	
            %

          	 	
            $

          	
            3,375

          	 	 	
            $

          	
            3,375

          	 	 	
            yes

          	 
	 	
            3

          	 	 	
            $

          	
            51,900

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 	 	 	
            6.25

          	
            %

          	 	
            $

          	
            3,375

          	 	 	
            $

          	
            3,375

          	 	 	
            no

          	 
	 	
            15

          	 	 	
            $

          	
            5,000

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 	 	 	
            6.25

          	
            %

          	 	
            $

          	
            3,375

          	 	 	
            $

          	
            3,375

          	 	 	
            no

          	 
	 	
            16

          	 	 	
            $

          	
            1,500

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 	 	 	
            5.00

          	
            %

          	 	
            $

          	
            2,700

          	 	 	
            $

          	
            2,700

          	 	 	
            no

          	 
	 	
            17

          	 	 	
            $

          	
            0

          	 	 	
            $

          	
            54,000

          	 	 	
            $

          	
            54,000

          	 	 	 	
            5.00

          	
            %

          	 	
            $

          	
            2,700

          	 	 	
            $

          	
            2,700

          	 	 	
            no

          	 

    
      	
              

            	
              At the beginning of Benefit Year 16, the Guaranteed Annual Income determined using GAI Rate Table A is

            

    

    $3,375. Because this will exceed the remaining Contract Value only
        $1,500 is paid. Because this is less than the Guaranteed Annual Income determined by GAI Rate Table B ($2,700) the difference between the Guaranteed Annual Income determined by GAI Rate Table B and the total Guaranteed Annual Income already paid in
        this Benefit Year will be payable for the remainder of the Benefit Year at a frequency determined by Us.

    
      	
              

            	
              Thereafter, the Guaranteed Annual Income is $2,700.

            

    

    
      	
              

            	
              No Death Benefit is payable after the Contract Value reaches $0. However, unless the currently effective
                  Death Benefit option is the Account Value Death Benefit Option, a final payment may be available under this Rider.

            

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      
        

    

    
      Exhibit 4-a-3 (option2)

      

       

      

       

      

       

      

      Lincoln Life & Annuity Company of New York

      VARIABLE ANNUITY LIVING BENEFITS RIDER

      Rider Date: January 14, 2019

      Measuring Life Option: Single

      Guaranteed Maximum Annual Rider Charge Rate:    2.25%

      Initial Annual Rider Charge Rate:  1.35%

      Enhancement Rate: 6%

      Enhancement Period: 10 Years

      

      

      This optional Rider is made a part of the entire Contract to which it is attached. Except
          as stated in this Rider, it is subject to all provisions contained in the Contract. In case of any conflict between the provisions of the Contract and this Rider, the provisions of this Rider will control. Coverage under this Rider begins on the
          Rider Date shown above.

      

      

      Summary of Rider Provisions

      

      

      Guaranteed Minimum Withdrawal Benefit (GMWB): The GMWB provides a minimum withdrawal benefit that guarantees that the Owner may withdraw, each Benefit Year, an amount up to the Guaranteed Annual Income (GAI), for the
          lifetime(s) of the Measuring Life(s), if certain conditions are met as described in this Rider. The GAI is a percentage of the Income Base that may change over time.

      

      

      Additional Purchase Payment Restriction

      Subject to the Maximum Income Base limit, as shown in the Maximum
          Income Base provision of this Rider and any further limitations stated in the Contract to which this Rider is attached, cumulative additional Purchase Payments after the first Benefit Year may not equal or exceed $100,000 without prior Servicing
          Office approval. If the Contract Value is $0, then no additional Purchase Payments will be approved and added to the Contract.

      

      

      Excess Withdrawals, as defined in this Rider, will result in a reduction in future
          guaranteed withdrawal amounts. If the Owner would like to make an Excess Withdrawal and is uncertain how an Excess Withdrawal will reduce future guaranteed withdrawal amounts, please contact Us prior to requesting the withdrawal to obtain
          information on the effect the Excess Withdrawal will have. Please refer to the examples at the end of this Rider before taking a Withdrawal.

      

      

      Investment Restriction

      Investment restrictions apply to any Fixed Account and Variable
          Subaccount elections under the Contract. Refer to Investment Restrictions provisions of this Rider.

      

      

      DEFINITIONS

      All definitions found in the Contract are incorporated by reference
          and have the same meaning as they do in the Contract including other riders, endorsements and/or amendments.

      

      

      Annuitant

          means the natural person used to determine the benefits if the Measuring Life Option is Single. The Annuitant is one of two natural persons used to determine the benefits if the Measuring Life Option is Joint. The Contract may only have
          one Annuitant. The Annuitant may not be changed after the Rider Date.

      Benefit Year means each 12-month period starting with the Rider Date shown on Page 1 of this Rider and each Rider Date Anniversary thereafter.

      Company,
            Our, We, Us means Lincoln Life & Annuity Company of New York.

      
        
          

      

      

      

      GOP Death Benefit means a Death Benefit that may be provided by Contract, Endorsement or Rider that is the greater of (a) the Contract Value and (b) the sum of all Purchase Payments minus Bonus Credits, if any, minus
          all Death Benefit Reductions.

      Measuring Life means the natural person used to determine the benefits under this Rider. Measuring Life includes any Annuitant, Owner, Joint Owner and Secondary Life.

      Measuring Life Option indicates how many natural persons are used to determine the benefits under this Rider. Under the Single Measuring Life Option, the Annuitant is used to determine the benefits under this Rider.
          Under the Joint Measuring Life Option, the Annuitant and the Secondary Life are used to determine the benefits under this Rider. The Measuring Life Option may not be changed after the Rider Date.

      Purchase Payments, for the purpose of this Rider, means the amounts paid into the Contract by the Owner including Bonus Credits, if any, before deduction of any Sales Charges.

      Rider Date Anniversary is the same calendar day as the Rider Date, each subsequent calendar year, if such date is a Valuation Date. If in any calendar year such calendar day is not a Valuation Date any transactions
          that should have occurred on the Rider Date Anniversary will be processed by Us on the first Valuation Date following such calendar day.

      A quarterly anniversary of the Rider Date is the same calendar day as
          the Rider Date of every third month following the previous Rider Date, if such date is a Valuation Date. If such day is not a Valuation Date, the charge will be deducted on the first Valuation Date following such calendar day

      Secondary Life means the second natural person used to determine the benefits under this Rider if the Measuring Life Option is Joint. The Secondary Life may also be considered a joint annuitant, solely for the
          purposes of being a Measuring Life under this Rider and not for any other purposes in any other Rider or the Contract. The Secondary Life may not be changed after the Rider Date.

      Systematic Required Minimum Distributions (Systematic RMDs) means systematic installments withdrawn via Our automatic withdrawal service of the amount needed to satisfy the required minimum distribution as determined
          by Us in accordance with the IRC Section 401(a)(9), as amended from time to time, for the Contract to which this Rider is attached.

      Withdrawal means the gross amount deducted from the Contract Value as requested by the Owner before any applicable charges. Withdrawals are Conforming Withdrawals or Excess Withdrawals.

      Conforming Withdrawals are all Withdrawals to the extent that the cumulative amount withdrawn (including the current Withdrawal) from the Contract in a Benefit Year is equal to or less than the GAI. If the Owner
          receives only Systematic RMDs during a Benefit Year, all Systematic RMDs during that Benefit Year will be treated as Conforming Withdrawals. However, if a Withdrawal other than Systematic RMDs occurs during a Benefit Year, then that Withdrawal
          and any subsequent Withdrawals, including Systematic RMDs, will be treated as Excess Withdrawals to the extent that the cumulative amount withdrawn in that Benefit Year exceeds the GAI.

      Excess Withdrawals are all Withdrawals to the extent that the cumulative amount withdrawn (including the current Withdrawal) from the Contract in a Benefit Year exceeds the Conforming Withdrawal. If any Measuring
          Life is less than an attained age 70, all Withdrawals are Excess Withdrawals.

      

      

      INVESTMENT RESTRICTIONS

      No Fixed Account may be elected, except the DCA Fixed Account pursuant to a systematic allocation program. The Owner shall
          allocate Contract Values and additional Purchase Payments pursuant to Investment Restrictions Option A, Option B, or Option C as follows:

      Option A -- Elect an available Asset Allocation Model; or

      Option B -- Allocate all values among specific Variable Subaccounts;
          or Option C -- Create an asset allocation portfolio of Variable Subaccounts.

      Subject to a $1,500 minimum amount, the Owner may designate all or
          part of the initial and any subsequent Purchase Payments for systematic allocation pursuant to the Investment Restriction Option elected.

      

      

      The Asset Allocation Model or the Variable Subaccounts selected by the Owner is/are
          shown on the Allocation Amendment which is attached to the Contract.

      
        
          

      

      

      

      We do not reserve the right to add or modify Investment Restriction
          Options, however, Separate Account changes such as Variable Subaccount additions, substitutions, and closings may affect the availability of allocation options under an Investment Restriction Option.

      

      

      Contract Values will be automatically rebalanced on the quarterly anniversary of the
          Rider Date shown on Page 1 of this Rider.

      

      

      Contract Values will be automatically rebalanced on a proportional basis based on the
          allocation instructions in effect at the time of rebalancing. Within the constraints of these Investment Restrictions, the Owner may reallocate available Contract Values by notifying Us.

      

      

      Reallocation requests that violate the Investment Restrictions will be rejected by Us.

      

      

      RIDER BENEFIT

      Income Base

      The Income Base is the value used to calculate the GAI and the Rider
          Charges. The Income Base is not  used in calculating the cash surrender benefit, Death Benefit, or other guaranteed paid-up annuity benefits.

      

      

      If the Rider Date is the Contract Date, then the initial Income Base will be equal to
          the initial Purchase Payment. If the Rider Date is after the Contract Date, then the initial Income Base will be equal to the Contract Value on the Rider Date.

      

      

      On a Rider Date Anniversary, the Income Base may be adjusted by an
          Enhancement or an Automatic Annual Step-Up as described below. The Income Base is also increased by an additional Purchase Payment on the Valuation Date it is approved and added to the Contract or reduced upon an Excess Withdrawal as described
          below. Upon each Conforming Withdrawal, the Income Base will not change.

      

      

      Maximum Income Base

      The Income Base is subject to a $10,000,000 maximum of the combined
          Income Base (including any Guaranteed Amount under other Company annuity riders) values for all Company annuity contracts and annuity riders, including annuity contracts with an affiliated company, for which the Annuitant or Secondary Life, if
          applicable, is a Measuring Life. If this maximum is exceeded, the Income Base (including any Guaranteed Amount under other Company annuity riders) for each applicable annuity contract and annuity rider will be reduced proportionately so the
          combined Income Base (including any Guaranteed Amount under other Company annuity riders) values do not exceed the maximum stated above.

      

      

      Enhancement Base

      The Enhancement Base is the value used to calculate the amount that
          may be added to the Income Base upon an Enhancement. The initial Enhancement Base is equal to the initial Income Base.

      

      

      On a Rider Date Anniversary, the Enhancement Base may be adjusted upon an Automatic
          Annual Step-Up as described below. The Enhancement Base is also increased by an additional Purchase Payment on the Valuation Date it is approved and added to the Contract or reduced upon an Excess Withdrawal as described below.

      

      

      The Enhancement Base will not change upon each Enhancement.

      

      

      Adjustments to the Income Base or the Enhancement Base

      The Income Base and the Enhancement Base may be adjusted as described in the provisions
          below.

      

      

      Adjustments for Additional Purchase Payments

      If an additional Purchase Payment is approved and added to the Contract,
          the Income Base and Enhancement Base will each be increased to equal the additional Purchase Payment plus the Income Base or the Enhancement Base immediately prior to receipt of the additional Purchase Payment.

      

      

      Additional Purchase Payments may affect the Rider Charge rate pursuant to the Rider
          Charge provision of this Rider.

      
        
          

      

      

      

      Adjustments for Excess Withdrawals

      Upon each Excess Withdrawal, the Income Base and Enhancement Base
          will each be reduced in the same proportion that the Excess Withdrawal reduced the Contract Value.

      

      

      

      

      Adjustments for an Automatic Annual Step-Up

      Upon an Automatic Annual Step-Up, the Income Base and Enhancement Base
          will each be increased to an amount equal to the Contract Value.

      

      

      On each Rider Date Anniversary, an Automatic Annual Step-Up will
          occur only if all of the following conditions are satisfied:

      
        	
                (a)

              	
                all Measuring Lives as of that Valuation Date are under attained age 86; and

              

      

      
        	
                (b)

              	
                the Contract Value as of that Valuation Date is greater than the Income Base; and

              

      

      
        	
                (c)

              	
                the Automatic Annual Step-Up would increase the Income Base at least as much as an Enhancement that may have
                    occurred on such Rider Date Anniversary.

              

      

      

      

      Upon an Automatic Annual Step-Up, the Rider Charge rate may increase to the Rider Charge
          rate currently in effect, subject to the Guaranteed Maximum Annual Rider Charge Rate shown on Page 1 of this Rider. Any Automatic Annual Step-Up may be declined if the Rider Charge rate is increased, as described in the Rider Charge provision of
          this Rider. If the Owner does not decline the Automatic Annual Step-Up as described in the Rider Charge provision of this Rider, the increase to the Income Base and Enhancement Base will be deemed accepted by the Owner.

      

      

      

      

      If the Owner declines the Automatic Annual Step-Up, the Income Base and Enhancement Base
          will be the Income Base and Enhancement Base on the Valuation Date immediately prior to the increase, subject to adjustments for Withdrawals and additional Purchase Payments.

      

      

      Future Automatic Annual Step-Ups may occur after declining an Automatic Annual Step-Up.

      

      

      Adjustment for an Enhancement

      On each Rider Date Anniversary, in accordance with the conditions of
          this provision, the Income Base will automatically be increased by an amount that is equal to (A) multiplied by (B), where:

      
        	
                (A)

              	
                is the Enhancement Base less any Purchase Payments approved and added to the Contract in the preceding
                    Benefit Year (except any Purchase Payment approved and added to the Contract within the first 90 days after the Rider Date); and

              

      

      
        	
                (B)

              	
                is the Enhancement Rate shown on Page 1 of this Rider.

              

      

      

      

      The Enhancement will occur if all of the following conditions are satisfied:

      
        	
                (a)

              	
                the preceding Benefit Year is during the Enhancement Period shown on Page 1 of this Rider, which begins on
                    the Rider Date and restarts upon an Automatic Annual Step-Up; and

              

      

      
        	
                (b)

              	
                no Conforming Withdrawal has been made under the Contract. Upon the first Conforming Withdrawal, no
                    future Enhancements will occur while this Rider is in force; and

              

      

      
        	
                (c)

              	
                No Excess Withdrawal has occurred in the preceding Benefit Year; and

              

      

      
        	
                (d)

              	
                all Measuring Lives are under attained age 86; and

              

      

      
        	
                (e)

              	
                the Enhancement would increase the Income Base more than an Automatic Annual Step-Up that may have occurred
                    on such Rider Date Anniversary.

              

      

      

      

      Upon an Enhancement that occurs after the initial Enhancement Period, the Rider Charge
          rate may increase to the rate currently in effect, subject to the Guaranteed Maximum Annual Rider Charge Rate shown on Page 1 of this Rider. The initial Enhancement Period begins on the Rider Date and ends after the Enhancement Period shown on
          Page 1 of this Rider.

      

      

      Any Enhancement after the initial Enhancement Period may be declined if the Rider Charge
          rate is increased, as described in the Rider Charge provision of this Rider. If the Owner declines the Enhancement because of a Rider Charge rate increase, the Enhancement will not occur. If the Owner does not decline the Enhancement as

      
        
          

      

      

      

      described in the Rider Charge provision of this Rider, the increase
          to the Income Base will be deemed accepted by the Owner.

      

      

      If the Owner declines the Enhancement, the Income Base will be the Income Base on the
          Valuation Date immediately prior to the increase, subject to adjustments for Withdrawals and additional Purchase Payments.

      

      

      Future Enhancements may occur after declining an Enhancement.

      

      

      Guaranteed Annual Income (GAI) Amount

      The GAI is an amount that may be withdrawn from the Contract by the
          Owner each Benefit Year as a Conforming Withdrawal. As long as the GAI is not reduced to $0, then the GAI may be withdrawn during the lifetime(s) of all Measuring Lives. The GAI is available once all Measuring Lives are an attained age 70. If the
          Measuring Life Option is Joint, the GAI available is based upon the attained age of the younger or surviving Measuring Life.

      

      

      The GAI will change upon an Automatic Annual Step-Up, an Enhancement, an additional
          Purchase Payment, upon an Excess Withdrawal or when the GAI is determined by GAI Rate Table B, as described below.

      

      

      

      

      GAI Rate Tables

      	
              GAI Rate Table A

            
	
              Single Measuring Life Option

            	
              Joint Measuring Life Option

            
	
              Age of Measuring Life

            	
              GAI Rate1

            	
              Age of Younger or Surviving Measuring Life

            	
              GAI Rate2

            
	
              0 – 69

            	
              0.00%

            	
              N/A

            	
              N/A

            
	
              70 +

            	
              7.00%

            	
              N/A

            	
              N/A

            

      

      

      	
              GAI Rate Table B

            
	
              Single Measuring Life Option

            	
              Joint Measuring Life Option

            
	
              Age of Measuring Life

            	
               

              GAI Rate1

            	
              Age of Younger or Surviving Measuring Life

            	
               

              GAI Rate2

            
	
              0 – 69

            	
              0.00%

            	
              N/A

            	
              N/A

            
	
              70 +

            	
              4.00%

            	
              N/A

            	
              N/A

            

      1 The GAI Rate will
          be based upon the attained age of the Measuring Life.

      2 The GAI Rate will
          be based upon the attained age of the younger or surviving Measuring Life.

      

      

      Determining the GAI

      The GAI is determined by multiplying the Income Base by a GAI Rate
          from the applicable GAI Rate Table above, which varies by age and the Measuring Life Option as shown in the GAI Rate Tables. While the Contract Value is greater than $0, GAI Rate Table A is used to determine the GAI. GAI Rate Table B will be used
          to determine the GAI once the Contract Value is reduced to $0 or when the GAI Annuity Payment Option is elected.

      

      

      Upon the first Conforming Withdrawal, the GAI Rate used to calculate
          the GAI will be based upon the attained age of the Measuring Life as of the date of such Withdrawal. If the Measuring Life Option is Joint, upon the first Conforming Withdrawal, the GAI Rate used to calculate the GAI will be based upon the
          attained age of the younger or surviving Measuring Life. Thereafter, the GAI Rate will not change unless an Automatic Annual Step-Up occurs pursuant to the Adjustment (to the GAI) for an Automatic Annual Step-Up provision of this Rider or as
          described within this provision. If the Measuring Life Option is Joint, the GAI Rate will be based upon the attained age of the younger or surviving Measuring Life. When GAI Rate Table B is used to determine the GAI, the GAI Rate will be based
          upon the later of (a) the attained age of the Measuring Life(s) as of the first Conforming Withdrawal; or (b) the attained age of the Measuring Life(s) as of the Valuation Date the GAI was last determined by GAI Rate Table A.

      

      

      
        
          

      

      

      

      The GAI paid as determined by GAI Rate Table A may not exceed the remaining Contract
          Value in any Benefit Year. However, if the GAI paid in a Benefit Year once the Contract Value is reduced to $0 or the GAI Annuity Payment Option is elected, is less than the GAI determined by GAI Rate Table B, the difference between the GAI
          determined by GAI Rate Table B and the total GAI already paid in that Benefit Year will be payable as a Conforming Withdrawal for the remainder of the Benefit Year at a frequency determined by Us.

      

      

      Adjustment (to the GAI) for Additional Purchase
          Payments

      If an additional Purchase Payment is approved and added to the
          Contract, the GAI will be equal to the additional Purchase Payment times the GAI Rate used when the GAI was last determined plus the GAI immediately prior to receipt of the additional Purchase Payment. Additional Purchase Payments may affect the
          Rider Charge rate pursuant to the Rider Charge provision of this Rider.

      

      

      Adjustment (to the GAI) for Excess Withdrawals

      Upon each Excess Withdrawal, the GAI applicable to the next Benefit
          Year will decrease to equal the Income Base after the Excess Withdrawal times the GAI Rate used when the GAI was last determined. If the Income Base after the Excess Withdrawal equals $0, this Rider and Contract will terminate.

      

      

      Adjustment (to the GAI) for an Automatic Annual Step-Up

      

      

      Upon an Automatic Annual Step-Up, the GAI will equal the increased
          Income Base times the GAI Rate based upon the attained age of the Measuring Life as of the Valuation Date of the Automatic Annual Step-Up, which may result in a higher GAI Rate than when the GAI was last determined. If the Measuring Life Option
          is Joint, the GAI Rate will be based upon the younger or surviving Measuring Life.

      

      

      If the Rider Charge rate then in effect is increased in connection with an Automatic
          Annual Step-Up, the Owner may decline the increase to the Income Base and Enhancement Base, as described in the Rider Charge provision of this Rider. If the Owner declines the increase, the GAI will be the GAI on the Valuation Date immediately
          prior to the increase, subject to adjustments for Withdrawals, additional Purchase Payments and at the time the GAI Rate is determined by GAI Rate Table B as described in the Determining the GAI provision of this Rider.

      

      

      Adjustment (to the GAI) for an Enhancement

      Upon an Enhancement, the GAI will equal the increased Income Base times
          the GAI Rate used when the GAI was last determined.

      

      

      If the Rider Charge rate then in effect is increased in connection with an Enhancement,
          the Owner may decline the increase to the Income Base, as described in the Rider Charge provision of this Rider. If the Owner declines the increase, the GAI will be the GAI on the Valuation Date immediately prior to the increase, subject to
          adjustments for Withdrawals, additional Purchase Payments and at the time the GAI Rate is determined by GAI Rate Table B as described in the Determining the GAI provision of this Rider.

      

      

      Maximum GAI

      The combined GAI (including any Maximum Annual Withdrawal amount, or
          “MAW” under other Company annuity riders) for all Company annuity contracts, including annuity contracts with an affiliated company, for which the Annuitant or Secondary Life, if applicable, is a Measuring Life, is subject to a maximum of the GAI
          Rate times the Maximum Income Base.

      

      

      Contract Value Reduces to $0

      Even if the Contract Value declines to $0, as long as (a) the GAI is
          not $0; and (b) the Contract has not been surrendered, the GAI as calculated pursuant to the Determining the GAI provision, will continue for the lifetime(s) of the Measuring Life(s) under the GAI Annuity Payment Option described in this Rider.

      

      

      The Owner may elect to receive the GAI at any frequency We offer, subject to minimum
          payment amount rules then in effect, but no less frequently than annually.

      
        
          

      

      

      

      If the Contract Value is $0 and the Contract terminates due to the
          death of all Measuring Lives, no Death Benefit will be paid. However, unless the currently effective Death Benefit option is the Account Value Death Benefit Option, a final payment, if available, will be made under this Rider. Such payment shall
          be equal to (A) minus (B) minus (C), where:

      
        	
                (A)

              	
                is equal to the sum of all Purchase Payments minus Bonus Credits, if applicable, if the Rider Date is the
                    Contract Date. If the Rider Date is after the Contract Date then (A) is equal to the Contract Value on the Rider Date, plus subsequent Purchase Payments minus subsequent Bonus Credits, if applicable.

              

      

      
        	
                (B)

              	
                is the sum of all Final Payment Reductions through the Valuation Date upon which the Contract Value
                    reduces to $0. Final Payment Reductions are made whenever a Withdrawal occurs. Upon Excess Withdrawals, Final Payment Reductions are calculated proportionately; the percentage reduction of the Contract Value due to the Withdrawal will
                    be applied to (A) as the Final Payment Reduction. Upon Conforming Withdrawals, the reduction of the Contract Value due to the Withdrawal will be applied to (A) as the Final Payment Reduction.

              

      

      
        	
                (C)

              	
                is the sum of all Conforming Withdrawals after the Valuation Date upon which the
                    Contract Value reduces to $0.

              

      

      

      

      GAI Annuity Payment Option

      The GAI Annuity Payment Option may be irrevocably elected by the Owner
          upon Notice to Us, provided the Contract has not been surrendered. Once the GAI Annuity Payment Option is effective, no additional Purchase Payments will be accepted. The GAI Annuity Payment Option will be made effective by Us if the Contract
          Value declines to $0, as long as the GAI is not $0. Upon election of the GAI Annuity Payment Option, the Owner will no longer have access to the Contract Value or Death Benefit.

      

      

      

      

      If elected, the Owner will receive payment equal to the GAI based on the GAI in GAI Rate
          Table B and as calculated pursuant to the Determining the GAI provision of this Rider, each Benefit Year for the lifetime(s) of the Measuring Life(s). The Owner may elect to receive the GAI at any frequency We offer, subject to minimum payment
          amount rules then in effect, but no less frequently than annually.

      

      

      If this GAI Annuity Payment Option is in effect, no Death Benefit will be paid. However,
          if the Death Benefit option immediately prior to the Annuity Commencement Date was not the Account Value Death Benefit Option, a final payment, if available, will be made under this Rider. Such payment shall be equal to (A) minus (B) minus (C),
          where:

      
        	
                (A)

              	
                is equal to the sum of all Purchase Payments minus Bonus Credits, if applicable, if the Rider Date is the
                    Contract Date. If the Rider Date is after the Contract Date then (A) is equal to the Contract Value on the Rider Date, plus subsequent Purchase Payments minus subsequent Bonus Credits, if applicable.

              

      

      
        	
                (B)

              	
                is the sum of all Final Payment Reductions prior to the GAI Annuity Payment Option Effective Date.
                    Final Payment Reductions are made whenever a Withdrawal occurs. Upon Excess Withdrawals, Final Payment Reductions are calculated proportionately; the percentage reduction of the Contract Value due to the Withdrawal will be applied to
                    (A) as the Final Payment Reduction. Upon Conforming Withdrawals, the reduction of the Contract Value due to the Withdrawal will be applied to (A) as the Final Payment Reduction.

              

      

      
        	
                (C)

              	
                is the sum of all Conforming Withdrawals on and after the GAI Annuity Payment Option
                    Effective Date.

              

      

      

      

      Effect of Death

      Upon the death of the Annuitant if the Measuring Life Option is
          Single, this Rider will terminate. Upon the first death of a Measuring Life if the Measuring Life Option is Joint, the Owner may continue the contract and this Rider under the Joint Measuring Life Option. If so continued, the GAI will continue
          for the life of the surviving Measuring Life. Upon the death of the surviving Measuring Life, this Rider will terminate.

      

      

      Waivers

      Waiver of Contingent Deferred Sales Charge or CDSC
          / Surrender Charge or Premium Based Charge (if applicable)

      No Contingent Deferred Sales Charge, CDSC/Surrender Charge, or Premium
          Based Charge will apply to Conforming Withdrawals. Excess Withdrawals will be subject to any applicable Contingent Deferred Sales Charge, CDSC/Surrender Charge, or Premium Based Charge to the extent that the total amount of Withdrawals in the
          Contract Year exceeds the Free Withdrawal Amount for that Contract Year.

      
        
          

      

      

      

      

      

      Determining the Quarterly Rider Charge

      RIDER CHARGE

      
        

        

        The Initial Annual Rider Charge Rate shown on Page 1 of this Rider
            is divided by four to calculate the initial quarterly Rider Charge rate. The Rider Charge rate may change as described herein, but the annualized Rider Charge rate may never exceed the Guaranteed Maximum Annual Rider Charge Rate shown on Page 1
            of this Rider.

        

        

        A quarterly Rider Charge is deducted from the Contract Value on each quarterly anniversary of the Rider Date.

        

        

        The amount of the quarterly Rider Charge is the quarterly Rider Charge rate multiplied
            by the Income Base (prior to any Automatic Annual Step-Up or Enhancement that may occur) on the Valuation Date the charge is deducted.

        

        

        Quarterly Rider Charges will be deducted from each Variable Subaccount on a
            proportionate basis. Quarterly Rider Charges are not deducted from any Fixed Account. A pro-rata quarterly Rider Charge will be recalculated and deducted upon termination of this Rider, except if the Contract is terminated due to death.

        

        

        Adjustments to the Rider Charge rate on a Rider Date Anniversary

        Any change to the Rider Charge rate will occur only on a Rider Date
            Anniversary. The Rider Charge rate change is to the Rider Charge rate currently in effect on the Rider Date Anniversary of the change, subject to the Guaranteed Maximum Annual Rider Charge Rate shown on Page 1 of this Rider.

        The Rider Charge rate will change on a Rider Date Anniversary due to:

        

        

        
          	
                  (a)

                	
                  an additional Purchase Payment in the Benefit Year preceding the applicable Rider Date Anniversary,
                      if the cumulative Purchase Payments approved and added to the Contract after the first Benefit Year equals or exceeds the limit shown in the Additional Purchase Payment Restriction provision of the Rider; or

                

        

        
          	
                  (b)

                	
                  an Automatic Annual Step-Up pursuant to the Adjustments for an Automatic Annual Step-Up provision of
                      this Rider or Adjustment (to the GAI) for an Automatic Annual Step-Up provision of this Rider; or

                

        

        
          	
                  (c)

                	
                  an Enhancement after the initial Enhancement Period pursuant to the Adjustment for an Enhancement
                      provision of this Rider or Adjustment (to the GAI) for an Enhancement of this Rider.

                

        

        

        

        If, on a Rider Date Anniversary, an increase described in (b) or
            (c) results in an increase to the Rider Charge rate then in effect, the Owner may decline such increase by Notice to Us within 30 days of the effective date of the increase. If the Owner does decline the increase, the Income Base, Enhancement
            Base, if applicable and GAI will be adjusted as described in the provisions in this Rider.

        

        

        GENERAL

        GOP Death Benefit Amount

        A GOP Death Benefit is provided under the Guarantee of Principal
            (GOP) or Enhanced Guaranteed Minimum Death Benefit (EGMDB), one of which may be applicable to the Contract as shown in the Contract Specifications.

        

        

        If the Contract includes a Death Benefit, including any Death
            Benefit Rider, that has a Death Benefit Amount defined as the sum of all Purchase Payments minus all death benefit reductions, and that such death benefit reductions of Purchase Payments “will be in proportion to the amount withdrawn” such
            Death Benefit Amount definition is hereby replaced with the following:

        The sum of all Purchase Payments, minus all Death Benefit
            Reductions and any Bonus Credits. Death Benefit Reductions are made whenever a Withdrawal occurs.

        For Withdrawals (a) prior to the Rider Date of a Variable Annuity Living Benefits Rider
            or a Variable Annuity Guaranteed Income Benefit Rider and (b) after the termination of a Variable Annuity Living Benefits Rider or a Variable Annuity Guaranteed Income Benefit Rider Death Benefit Reductions are calculated proportionately; the
            percentage reduction of the Contract Value (Account Value if the VAPOR is in effect) due to the Withdrawal will be applied to the Purchase Payments as the Death Benefit Reduction.

        

        

        For Withdrawals while a Variable Annuity Living Benefits Rider or a Variable Annuity
            Guaranteed Income Benefit Rider is in force:

      

      
        
          

      

      

      

      
        	
                (a)

              	
                upon Excess Withdrawals, Death Benefit Reductions are calculated proportionately; the percentage
                    reduction of the Contract Value due to the Excess Withdrawal will be applied to the Purchase Payments as the Death Benefit Reduction, and

              

      

      
        	
                (b)

              	
                upon Conforming Withdrawals, the reduction of the Contract Value due to the Conforming Withdrawal will be
                    applied to the Purchase Payments as the Death Benefit Reduction.

              

      

      

      

      Termination of this Rider

      The Owner may terminate this Rider upon Notice to Us any time after the 5th Rider Date Anniversary. This Rider will terminate upon the earliest of:

      
        	
                (a)

              	
                the date the Contract to which this Rider is attached terminates;

              

      

      
        	
                (b)

              	
                the date the Owner or Annuitant named on the Contract is changed, except when the Contract is assumed by
                    the spouse as the beneficiary upon the death of the original Owner and such spouse is then named the Annuitant;

              

      

      
        	
                (c)

              	
                the date the Owner is changed due to death or pursuant to an enforceable divorce agreement or decree,
                    except when Ownership is transferred to the surviving Secondary Life upon death of the Annuitant/Owner. A spouse may be named the Annuitant as described in item (b) of these provisions under the Joint Measuring Life option only;

              

      

      
        	
                (d)

              	
                the Annuity Commencement Date except under the GAI Annuity Payment Option;

              

      

      
        	
                (e)

              	
                the death of the Annuitant if the Measuring Life Option is Single, or on the death of the last surviving
                    Measuring Life if the Measuring Life Option is Joint;

              

      

      
        	
                (f)

              	
                the date both the Income Base and GAI equal $0 as the result of an Excess Withdrawal.

              

      

      

      

      

      

      Upon termination of this Rider, the benefits and charges within this Rider will terminate. A
          pro-rata Rider Charge will be deducted upon termination, except if this Rider is terminated due to death.

      
        
          

      

      

      

      Sample Calculations

      These numeric examples are designed to assist in understanding the
          benefits provided by this Rider. They are based on certain assumptions and do not reflect any potential future investment returns. Please refer to the GAI Rate Tables of this Rider to determine the Owner’s actual benefit.

      

      

      General Assumptions

      
        	
                

              	
                Maximum Income Base is equal to $10,000,000

              

      

      
        	
                

              	
                Rider Effective Date is the Contract Date

              

      

      

      

      Example # 1 – Setting of Initial Values

      The values shown below are based on the following assumptions:

      
        	
                

              	
                Initial Purchase Payment is equal to $100,000

              

      

      
        	
                

              	
                Owner is Age 70

              

      

      
        	
                

              	
                Guaranteed Annual Income Rate is set at 7.00%

              

      

      

      

      	
              Benefit Year

            	 	 	
              Purchase Payment

            	 	 	
              Contract Value

            	 	 	
              Income Base

            	 	 	
              Enhancement Base

            	 	 	
              Guaranteed Annual Income

            	 
	 	
              1

            	 	 	
              $

            	
              100,000

            	 	 	
              $

            	
              100,000

            	 	 	
              $

            	
              100,000

            	 	 	
              $

            	
              100,000

            	 	 	
              $

            	
              7,000

            	 

      

      

      On the Rider Date, the initial values are set as follows:

      
        	
                

              	
                Income Base equals the initial Purchase Payment ($100,000)

              

      

      
        	
                

              	
                Enhancement Base equals the initial Purchase Payment ($100,000)

              

      

      

      

      
        	
                

              	
                Guaranteed Annual Income amount equals $7,000 (7.00% of the Income Base of $100,000)

              

      

      

      

      Example # 2 – Subsequent Purchase Payments and Impact on Annual Rider Charge Rate

      
        	
                

              	
                The values shown below assumes that the Initial Purchase Payment equals $100,000

              

      

      

      

      	
              Additional Purchase Payment made during Benefit Year

            	 	 	
              Amount

            	 	 	
              Cumulative Additional Purchase Payments

            	 	
              Annual Rider Charge Rate at Rider Date
                  Anniversary

            	
              Explanation

            
	 	
              2

            	 	 	
              $

            	
              75,000

            	 	 	
              $

            	
              75,000

            	 	
              No change

            	
              Additional Purchase Payments after first Benefit Year are less than $100,000, so
                  the Annual Rider Charge Rate remains the

              same.

            
	 	
              3

            	 	 	
              $

            	
              25,000

            	 	 	
              $

            	
              100,000

            	 	
              Then-current Annual Rider Charge Rate

            	
              Additional Purchase Payments have reached $100,000, so the Annual Rider Charge
                  Rate changes to then-current Annual Rider Charge Rate.

            
	 	
              4

            	 	 	
              $

            	
              10,000

            	 	 	
              $

            	
              110,000

            	 	
              Then-current Annual Rider Charge Rate

            	
              Because additional Purchase Payments reached $100,000 in Benefit Year 3, any
                  additional Purchase Payments of any size, including this $10,000 payment, will cause the Annual Rider Charge Rate to change again to then-current Annual Rider Charge Rate.

            

      
        	
                

              	
                Additional Purchase Payments automatically increase the Income Base and Enhancement
                    Base by the amount of the Purchase Payments (not to exceed the maximum Income Base).

              

      

      
        	
                

              	
                After the first Rider Date Anniversary, each time a Purchase Payment is made
                    after the cumulative Purchase Payments equal or exceed $100,000; the Annual Rider Charge Rate will be the current Annual Rider Charge Rate in effect on that next Rider Date Anniversary.

              

      

      
        	
                

              	
                Servicing Office approval is needed for cumulative additional Purchase Payments above
                    $100,000 after the first Benefit Year.

              

      

      
        
          

      

      

      

      Example # 3 – Adjustments for Enhancements and Automatic Annual Step-ups

      The values shown below are based on the following assumptions:

      
        	
                

              	
                Initial Purchase Payment is equal to $50,000 and no subsequent Purchase Payments are made

              

      

      
        	
                

              	
                No Withdrawal taken in any of the years

              

      

      
        	
                

              	
                Owner purchases the Rider at Age 70

              

      

      
        	
                

              	
                Single life option is elected

              

      

      	
               

            

      
        	
                

              	
                Guaranteed Annual Income Rate is 7.00%

              

      

      This example illustrates both 6% Enhancements and Annual Step-Ups.

      

      

      
        	
                Benefit

                Year

              	 	 	
                Contract

                Value

              	 	 	
                Income

                Base

              	 	 	
                Enhancement

                Base

              	 	 	
                Guaranteed

                Annual

                Income Rate

              	 	 	
                Guaranteed

                Annual

                Income

              	 	 	
                6%

                Enhancement

              	 	 	
                Automatic

                Annual

                Step-up

              	 
	 	
                1

              	 	 	
                $

              	
                50,000

              	 	 	
                $

              	
                50,000

              	 	 	
                $

              	
                50,000

              	 	 	 	
                6.25

              	
                %

              	 	
                $

              	
                3,125

              	 	 	 	
                N/A

              	 	 	 	
                N/A

              	 
	 	
                2

              	 	 	
                $

              	
                54,000

              	 	 	
                $

              	
                54,000

              	 	 	
                $

              	
                54,000

              	 	 	 	
                6.25

              	
                %

              	 	
                $

              	
                3,375

              	 	 	
                No

              	 	 	
                Yes

              	 
	 	
                3

              	 	 	
                $

              	
                53,900

              	 	 	
                $

              	
                57,240

              	 	 	
                $

              	
                54,000

              	 	 	 	
                6.25

              	
                %

              	 	
                $

              	
                3,578

              	 	 	
                Yes

              	 	 	
                No

              	 
	 	
                4

              	 	 	
                $

              	
                57,000

              	 	 	
                $

              	
                60,480

              	 	 	
                $

              	
                54,000

              	 	 	 	
                6.25

              	
                %

              	 	
                $

              	
                3,780

              	 	 	
                Yes

              	 	 	
                No

              	 
	 	
                5

              	 	 	
                $

              	
                64,000

              	 	 	
                $

              	
                64,000

              	 	 	
                $

              	
                64,000

              	 	 	 	
                6.25

              	
                %

              	 	
                $

              	
                4,000

              	 	 	
                No

              	 	 	
                Yes

              	 
	 	
                6

              	 	 	
                $

              	
                62,000

              	 	 	
                $

              	
                67,840

              	 	 	
                $

              	
                64,000

              	 	 	 	
                6.25

              	
                %

              	 	
                $

              	
                4,240

              	 	 	
                Yes

              	 	 	
                No

              	 
	 	
                10

              	 	 	
                $

              	
                88,000

              	 	 	
                $

              	
                88,000

              	 	 	
                $

              	
                88,000

              	 	 	 	
                6.25

              	
                %

              	 	
                $

              	
                5,500

              	 	 	
                No

              	 	 	
                Yes

              	 
	 	
                11

              	 	 	
                $

              	
                87,500

              	 	 	
                $

              	
                93,280

              	 	 	
                $

              	
                88,000

              	 	 	 	
                6.25

              	
                %

              	 	
                $

              	
                5,830

              	 	 	
                Yes

              	 	 	
                No

              	 

      

      

      

      

      

      
        	
                Initial Guaranteed Annual Income amount equals 7.00% of the initial Income Base
                    ($50,000 * 7.00% = $3,500).

              

      

      
        	
                

              	
                On the first Rider Date Anniversary, the Income Base and Enhancement Base are
                    $54,000 because of the Automatic Annual Step-Up. The Contract Value is greater than the Enhancement amount added to the prior Income Base.

              

      

      
        	
                

              	
                On the second Rider Date Anniversary, the Income Base increases by $3,240 (6%
                    Enhancement rate multiplied by the Enhancement Base) since it is higher than the Contract Value.

              

      

      
        	
                

              	
                On the third Rider Date Anniversary, the Income Base increases by $3,240 (6%
                    Enhancement rate multiplied by the Enhancement Base) since it is higher than the Contract Value.

              

      

      
        	
                

              	
                On the fourth Rider Date Anniversary, the Income Base and Enhancement Base are
                    $64,000 because of the Automatic Annual Step-Up.

              

      

      
        	
                

              	
                On the fifth Rider Date Anniversary, the Income Base increases due to the
                    Enhancement by $3,840 (6% Enhancement rate multiplied by the Enhancement Base) since it is higher than the Contract Value.

              

      

      
        	
                

              	
                On the ninth Rider Date Anniversary, the Income Base and Enhancement Base are
                    $88,000 because of the Automatic Annual Step-Up.

              

      

      

      

      General Notes:

      
        	
                (a)

              	
                The Income Base will automatically step-up to the Contract Value on each Rider Date Anniversary if the Contract Value on that
                    date is greater than the Income Base through Age 85.

              

      

      
        	
                (b)

              	
                Upon the first Conforming Withdrawal, no future Enhancements will occur.

              

      

      
        	
                (c)

              	
                If an additional Purchase Payment was added in any Benefit Year the Income Base and Enhancement Base
                    would automatically increase by the dollar amount of the Purchase Payment and the Guaranteed Annual Income would be recalculated to equal the applicable Guaranteed Annual Income Rate times the increased Income Base.

              

      

      
        	
                (d)

              	
                Any Purchase Payments made within the first 90 days after the Rider Date will be included in the
                    Enhancement Base for the purpose of receiving the 6% Enhancement on the first Rider Date Anniversary.

              

      

      
        	
                (e)

              	
                The 6% Enhancement rate will be in effect for the earlier of 10 years from the Rider Date or through Age

              

      

      85. A new 10-year Enhancement Period will begin each time an Automatic Annual Step-Up to the
          Contract Value occurs.

      
        
          

      

      

      

      Example # 4 - Withdrawals not exceeding the Guaranteed Annual Income amount

      The values shown below are based on the following assumptions:

      
        	
                

              	
                Initial Purchase Payment is equal to $50,000 and no subsequent Purchase Payments are
                    made

              

      

      
        	
                

              	
                Guaranteed Annual Income Rate set at 7.00%

              

      

      
        	
                

              	
                Owner purchases the Rider at Age 70

              

      

      

      

      	
              Beginning of Benefit Year

            	 	 	
              Income Base

              (Beginning of Year)

            	 	 	
              Enhancement Base (Beginning of

              Year)

            	 	 	
              Guaranteed Annual Income

            	 	 	
              Actual Withdrawal Taken

            	 	 	
              Income Base After Withdrawal

            	 	 	
              Enhancement Base
                  After Withdrawal

            	 	 	
              Contract Value

              (End of Year)

            	 	
              Account Value Step-Up

            	 	
              Income Base

              (End of Year)

            	 	 	
              Enhancement

              Base

              (End of Year)

            	 
	 	
              1

            	 	 	
              $

            	
              50,000

            	 	 	
              $

            	
              50,000

            	 	 	
              $

            	
              3,500

            	 	 	
              $

            	
              3,500

            	 	 	
              $

            	
              50,000

            	 	 	
              $

            	
              50,000

            	 	 	
              $

            	
              54,000

            	 	
              yes

            	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 
	 	
              2

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              3,780

            	 	 	
              $

            	
              3,780

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              51,000

            	 	
              no

            	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 
	 	
              3

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              3,780

            	 	 	
              $

            	
              3,780

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              57,000

            	 	
              yes

            	 	
              $

            	
              57,000

            	 	 	
              $

            	
              57,000

            	 
	 	
              4

            	 	 	
              $

            	
              57,000

            	 	 	
              $

            	
              57,000

            	 	 	
              $

            	
              3,990

            	 	 	
              $

            	
              3,990

            	 	 	
              $

            	
              57,000

            	 	 	
              $

            	
              57,000

            	 	 	
              $

            	
              64,000

            	 	
              yes

            	 	
              $

            	
              64,000

            	 	 	
              $

            	
              64,000

            	 

      
        	
                

              	
                Initial Guaranteed Annual Income amount equals 7.00% of the initial Income Base
                    ($50,000 * 7.00% = $3,500).

              

      

      
        	
                

              	
                Because the first Conforming Withdrawal occurs in the first Benefit Year, no future
                    Enhancements will occur.

              

      

      
        	
                

              	
                After the Withdrawal in the first Benefit Year, the Income Base and Enhancement Base are not reduced
                    by the Guaranteed Annual Income amount and remain at $50,000. On the first Rider Date Anniversary, the Income Base and Enhancement Base are $54,000 because of the Automatic Annual Step-Up.

              

      

      
        	
                

              	
                After the Withdrawal in the second Benefit Year, the Income Base and Enhancement Base are not reduced
                    by the Guaranteed Annual Income amount and remain at $54,000. On the second Rider Date Anniversary, the Income Base and Enhancement Base are still $54,000 since it is higher than the Contract Value.

              

      

      
        	
                

              	
                After the Withdrawal in the third Benefit Year, the Income Base and Enhancement Base are not reduced
                    by the Guaranteed Annual Income amount and remain at $54,000. On the third Rider Date Anniversary, the Income Base and Enhancement Base are $57,000 because of the Automatic Annual Step-Up.

              

      

      

      

      
        	
                

              	
                After the Withdrawal in the fourth Benefit Year, the Income Base and Enhancement Base are not reduced
                    by the Guaranteed Annual Income amount and remain at $57,000. On the fourth Rider Date Anniversary, the Income Base and Enhancement Base are $64,000 because of the Automatic Annual Step-Up.

              

      

      
        	
                

              	
                When an Automatic Annual Step-Up occurs, the Guaranteed Annual Income amount is
                    recalculated.

              

      

      

      

      Example # 5 - Withdrawals exceeding the Guaranteed Annual Income amount

      The values shown below are based on the following assumptions:

      
        	
                

              	
                Initial Purchase Payment is equal to $100,000

              

      

      
        	
                

              	
                Prior to Excess Withdrawal the Contract Value is $80,000, the Income Base is
                    $100,000 and the Enhancement Base equals $100,000

              

      

      
        	
                

              	
                Guaranteed Annual Income amount equals $7,000 (7.00% of the Income Base of $100,000)

              

      

      
        	
                

              	
                A Withdrawal of $12,000 is taken

              

      

      

      

      	
              Time

            	 	
              Contract Value

            	 	 	
              Income Base

            	 	 	
              Enhancement Base

            	 	 	
              Guaranteed Annual Income

            	 	 	
              Withdrawal Taken

            	 	 	
              Excess Withdrawal

            	 
	
              Prior to Withdrawal

            	 	
              $

            	
              80,000

            	 	 	
              $

            	
              100,000

            	 	 	
              $

            	
              100,000

            	 	 	
              $

            	
              7,000

            	 	 	 	
              N/A

            	 	 	 	
              N/A

            	 
	
              After Conforming Withdrawal

              (dollar- for dollar reduction)

            	 	
              $

            	
              73,000

            	 	 	
              $

            	
              100,000

            	 	 	
              $

            	
              100,000

            	 	 	
              $

            	
              7,000

            	 	 	
              $

            	
              7,000

            	 	 	
              $

            	
              0

            	 
	
              After the Excess Withdrawal

              (Pro rata reduction)

            	 	
              $

            	
              68,000

            	 	 	
              $

            	
              93,151

            	 	 	
              $

            	
              93,151

            	 	 	
              $

            	
              6,521

            	 	 	
              $

            	
              5,000

            	 	 	
              $

            	
              5,000

            	 

      
        	
                

              	
                The Contract Value is reduced dollar for dollar for the Guaranteed Annual Income amount of $7,000.
                    Contract Value = $73,000 ($80,000 - $7,000); Income Base = $100,000; Enhancement Base = $100,000.

              

      

      
        	
                

              	
                The Contract Value is reduced further by the $5,000 Excess Withdrawal to $68,000 ($73,000 - $5,000);
                    the Income Base and Enhancement Base are reduced by the same proportion as the Excess Withdrawal reduces the $73,000 Contract Value. The new Income Base and Enhancement Base = 93,151 ($100,000 * (1-$5,000/$73,000)).

              

      

      
        	
                

              	
                The new Guaranteed Annual Income amount = $6,521 ($93,151 * 7.00%).

              

      

      

      

      General Notes:

      
        	
                (a)

              	
                The Income Base and Enhancement Base are reduced by the same proportion as the Excess Withdrawal reduces the Contract Value.

              

      

      
        	
                (b)

              	
                The Guaranteed Annual Income amount will be immediately recalculated to 7.00% of the new, reduced Income Base (after the
                    pro-rata reduction for the Excess Withdrawal).

              

      

      
        
          

      

      

      

      Example # 6 – Setting of the Guaranteed Annual Income if the Contract Value reaches $0

      The values shown below are based on the following assumptions:

      
        	
                

              	
                Initial Purchase Payment is equal to $50,000 and no subsequent Purchase Payments are made

              

      

      
        	
                

              	
                Maximum Guaranteed Annual Income is taken each year at the beginning of the Benefit Year

              

      

      
        	
                

              	
                Owner purchases the Rider at Age 70

              

      

      
        	
                

              	
                Guaranteed Annual Income Rate is 7.00% and is reduced to 4% once the Contract Value reaches $0.

              

      

      

      

      	
              Beginning of Benefit

              Year

            	 	 	
               

              Contract Value

            	 	 	
               

              Income Base

            	 	 	
               

              Enhancement Base

            	 	 	
              Guaranteed Annual Income Rate

            	 	 	
              Guaranteed Annual Income

            	 	 	
               

              Withdrawal Taken

            	 	 	
              Automatic Annual Step- Up

            	 
	 	
              1

            	 	 	
              $

            	
              50,000

            	 	 	
              $

            	
              50,000

            	 	 	
              $

            	
              50,000

            	 	 	 	
              7.00

            	
              %

            	 	
              $

            	
              3,500

            	 	 	
              $

            	
              3,500

            	 	 	 	
              n/a

            	 
	 	
              2

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	 	
              7.00

            	
              %

            	 	
              $

            	
              3,780

            	 	 	
              $

            	
              3,780

            	 	 	
              yes

            	 
	 	
              3

            	 	 	
              $

            	
              51,900

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	 	
              7.00

            	
              %

            	 	
              $

            	
              3,780

            	 	 	
              $

            	
              3,780

            	 	 	
              no

            	 
	 	
              15

            	 	 	
              $

            	
              5,000

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	 	
              7.00

            	
              %

            	 	
              $

            	
              3,780

            	 	 	
              $

            	
              3,780

            	 	 	
              no

            	 
	 	
              16

            	 	 	
              $

            	
              1,500

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	 	
              4.00

            	
              %

            	 	
              $

            	
              2,160

            	 	 	
              $

            	
              2,160

            	 	 	
              no

            	 
	 	
              17

            	 	 	
              $

            	
              0

            	 	 	
              $

            	
              54,000

            	 	 	
              $

            	
              54,000

            	 	 	 	
              4.00

            	
              %

            	 	
              $

            	
              2,160

            	 	 	
              $

            	
              2,160

            	 	 	
              no

            	 

      
        	
                

              	
                At the beginning of Benefit Year 16, the Guaranteed Annual Income determined using GAI Rate Table A is

              

      

      $3,780. Because this will exceed the remaining Contract Value only
          $1,500 is paid. Because this is less than the Guaranteed Annual Income determined by GAI Rate Table B ($2,160) the difference between the Guaranteed Annual Income determined by GAI Rate Table B and the total Guaranteed Annual Income already paid
          in this Benefit Year will be payable for the remainder of the Benefit Year at a frequency determined by Us.

      
        	
                

              	
                Thereafter, the Guaranteed Annual Income is $2,160.

              

      

      

      

      
        	
                

              	
                No Death Benefit is payable after the Contract Value reaches $0. However, unless the currently
                    effective Death Benefit option is the Account Value Death Benefit Option, a final payment may be available under this Rider.ex_134142.htm

Exhibit 10.2

 

iSHARES® GOLD TRUST MICRO SUBLICENSE AGREEMENT

 

 

This Sublicense Agreement (the “Agreement”) is made as of ____________, 2019, by and between BlackRock Institutional Trust Company, N.A. (f/k/a Barclays Global Investors, N.A.), a national banking association organized under the laws of the United States (“BlackRock”) and The Bank of New York Mellon (f/k/a The Bank of New York), a banking corporation organized under the laws of the State of New York acting in its capacity as trustee (the “Trustee”) of the iShares Gold Trust Micro, a trust organized under the laws of the State of New York (the “Trust”).

 

 

RECITALS

 

WHEREAS, pursuant to that certain License Agreement dated January 29, 2004 (the “License Agreement”) between The Bank of New York Mellon (in its individual capacity, “BNY Mellon”), and BlackRock (Attachment A), BlackRock obtained a license to use in connection with Gold-Based Securities Products (as defined in the License Agreement) certain intellectual property (the “Licensor Patent Rights”); and

 

WHEREAS, BlackRock has the right pursuant to the License Agreement to sublicense its rights thereunder to the Trust; and

 

WHEREAS, the Trust wishes to have the right to use the Licensor Patent Rights in connection with its operation as an exchange-traded product, as described in the Registration Statement on Form S-1 of the Trust, Registration No. 333-228469, as amended from time to time (the “Registration Statement”); and

 

WHEREAS, BlackRock wishes to grant a sublicense to the Trust for the use of the Licensor Patent Rights;

 

NOW, THEREFORE, the parties agree as follows:

 

1.     Certain Definitions. For the purposes of this Agreement, capitalized terms shall have the meanings set forth in this Agreement and in the License Agreement.

 

2.     Grant of Sublicense. Subject to the terms and conditions of this Agreement, BlackRock hereby grants to the Trust a sublicense to use the Licensor Patent Rights in the manner set forth in, and subject to the terms of, the License Agreement.

 

3.     Performance of Obligations Under the License. The Trust will be responsible for performing all of BlackRock’s obligations under the License Agreement (other than the payment of any license fees), as such obligations relate to use of the Licensor Patent Rights.

 

4.     Fees. The Trust shall have no obligation to pay any sublicense fees to BlackRock or the Trustee under this Agreement.

 

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5.     Termination. This Agreement shall terminate upon the earlier to occur of (a) termination of the License Agreement, or (b) termination of the Trust. BlackRock shall notify the Trustee as soon as reasonably practicable of the occurrence of the event described in (a) above. Upon termination of this Agreement, the Trust’s right to use the Licensor Patent Rights pursuant to the License Agreement shall terminate immediately.

 

6.     Indemnification.

 

a.     The Trust shall indemnify and hold harmless BlackRock, its officers, employees, agents, successors, and assigns against all judgments, damages, costs or losses of any kind (including reasonable attorneys’ fees and experts' fees) resulting from any claim, action or proceeding (collectively “claims”) that arises out of or relates to any breach by BlackRock of its covenants, other obligations, representations, or warranties under the License Agreement caused by the actions or inactions of the Trust. The provisions of this section shall survive termination of this Agreement.

 

b.     BlackRock shall indemnify and hold harmless the Trust against all judgments, damages, costs or losses of any kind (including reasonable attorneys’ fees and experts’ fees) resulting from any claims that arise out of or relate to any assertion by BNY Mellon that the business or operations of the Trust, as described in the Registration Statement, violate Licensor Patent Rights.

 

7.     Assignment. The Trustee will not make, or purport to make, any assignment or other transfer of this Agreement on behalf of the Trust except with the prior written consent of Blackrock. BlackRock may assign its rights and obligations under this Agreement effective upon the giving of written notice to the Trustee.

 

8.     Amendment. No provision of this Agreement may be waived, altered, or amended except by written agreement of the parties.

 

9.     Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof.

 

10.     Construction. Headings used in this Agreement are for convenience only, and shall not affect the construction or interpretation of any of its provisions. Each of the provisions of this Agreement is severable, and the invalidity or inapplicability of one or more provisions, in whole or in part, shall not affect any other provision. To the extent not preempted by federal law, this Agreement shall be construed and interpreted under the laws of the State of New York.

 

11.     Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts together shall constitute only one instrument.

 

[Signature page follows]

 

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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first above written, with intent to be bound hereby.

 

 

	BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.	THE BANK OF NEW YORK MELLON, acting in its capacity as trustee of the iShares Gold Trust Micro
	 	 
	 	 
	By:	 	 	By:	 	 
	Name:	 	 	Name:	 	 
	Title:	 	 	Title:	 	 
	Date:	 	 	Date:	 	 

 

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