Common use of CONTRACT GUARANTEES Clause in Contracts

CONTRACT GUARANTEES. The Company makes the following guarantees for IRA Accounts established under the Contract: (a) The factors deducted from the Adjusted Gross Investment Rate of a Separate Account Sub-Account to obtain its Net Investment Rate will not exceed the equivalent of (i) .90% per annum for mortality and expense risks and (ii) .25% per annum for administrative charges. (b) The IRA Account Fee and Surrender Charge will not exceed the amount specified in this Certificate. (c) The interest rate for Net Contributions allocated to the General Account will be guaranteed for at least one year and will never be at a rate less than the applicable minimum rate specified in Section 4.02. The Company assumes the risk that actual mortality experience and expenses may exceed the maximum charges made to cover such mortality and expenses. If actual mortality experience and expenses exceed the amounts provided for such costs, the Company will absorb the resultant losses. If actual mortality experience and expenses are less than the amounts provided for such costs, the difference will be a profit to the Company.

CONTRACT GUARANTEES. The Except to the extent the contract may be amended in accordance with Section 11.02, the Company makes the following guarantees for IRA Accounts established under the Contractthis contract: (a) The factors deducted from the Adjusted Gross Investment Rate of a Separate Account Sub-Account to obtain its Net Investment Rate will not exceed the equivalent of (i) .90% per annum for mortality and expense risks and (ii) .25% per annum for administrative charges. (b) The IRA Account Fee and Surrender Charge will not exceed the amount specified in this Certificatecontract. (c) The interest rate for Net Contributions allocated to the General Account will be guaranteed for at least one year and will never be at a rate less than the applicable minimum rate specified in Section 4.02. The Company assumes the risk that actual mortality experience and expenses may exceed the maximum charges made to cover such mortality and expenses. If actual mortality experience and expenses exceed the amounts provided for such costs, the Company will absorb the resultant losses. If actual mortality experience and expenses are less than the amounts provided for such costs, the difference will be a profit to the Company.. PART VIII IRA ACCOUNT SURRENDERS AND PARTIAL REDEMPTIONS