Common use of Benefits based on incorrect data Clause in Contracts

Benefits based on incorrect data. If benefit amounts are determined by incorrect information regarding a person’s birth date or sex (unless determined on a unisex basis), payments described in this contract will be adjusted. Benefit amounts will be based on what would have been provided using the correct birth date and/or correct sex (unless determined on a unisex basis). Any underpayments made by Us will be made up promptly without interest. We reserve the right to recover from You or Your estate any amounts overpaid. If there are any future payments under this contract, overpayments made by Us will be subtracted from those payments, without interest, and/or as otherwise legally permissible. This contract was approved under the authority of the Interstate Insurance Product Regulation Commission (IIPRC) and issued under the Commission standards. Any provision of the contract that on the provision’s effective date is in conflict with the applicable IIPRC standards for this product type in effect as of the provision’s effective date of Commission contract approval is hereby amended to conform to the IIPRC standards in effect as of the provision’s effective date of Commission contract approval. The values and benefits of this contract are at least equal to those required by the IIPRC. Any Annuity Payments, surrender value or death benefit available under the contract are not less than the minimum benefits required by Section 7 of the National Association of Insurance Commissioners Model Variable Annuity Regulation 250. To the extent not covered by IIPRC standards for this product type effective at the time of the IIPRC contract approval, this contract is governed by the law of the state in which it is issued for delivery.