Common use of Exchange of Annuity Units Clause in Contracts

Exchange of Annuity Units. The Annuitant may exchange the dollar value of all or a portion of the Annuity Units in a Subaccount for an equivalent dollar amount of Annuity Units of another Subaccount. The limit on exchanges of Annuity Units is shown in the table in the Transfer section. After the exchanges, the number of Annuity Units in the Subaccount from which you are transferring will be reduced by the number of Annuity Units exchanged. The number of Annuity Units in the Subaccount to which the exchange is made will be increased by the number of Annuity Units acquired in the exchange. FIXED ANNUITY PAYMENTS Fixed Annuity Payments are Annuity Payments which remain fixed as to dollar amount throughout the Annuity Period. As of the Annuity Date, any Subaccount Accumulation Value applied to purchase fixed Annuity Payments will be allocated to the Guaranteed Interest Account. The fixed Annuity Payment will be that amount shown in the attached Tables. If the fixed Annuity Payment is credited at an interest rate above the guaranteed minimum rate, the dollar amount of each payment will be greater than the guaranteed dollar amount for the time period that the higher rate is declared. COMBINATION ANNUITY PAYMENTS Combination Annuity Payments are Annuity Payments where a portion of the payment is variable and a portion of the payment is fixed as to dollar amount. If a combination Annuity Payment is elected, at least 25% of the proceeds must be allocated to each elected option. As of the Annuity Date, we will allocate proceeds between the Guaranteed Interest Account and the Subaccounts to meet the proportions selected. Any amount of Accumulation Value to be transferred to or from the Guaranteed Interest Account will be allocated among the Subaccounts in which you are invested in the same proportion that each Subaccount Accumulation Value bears to your Variable Account Accumulation Value. Once a combination Annuity Payment is selected, the Annuitant may subsequently increase the allocation to a fixed Annuity Payment, but may not increase the allocation to a variable Annuity Payment. ANNUITY PAYMENT OPTIONS Under each Annuity Payment Option, the payment period is elected from one of the following:

Exchange of Annuity Units. The Annuitant may exchange the dollar value of all or a portion of the Annuity Units in a Subaccount for an equivalent dollar amount of Annuity Units of another Subaccount. The limit on exchanges of Annuity Units is shown in the table in the Transfer section. After the exchanges, the number of Annuity Units in the Subaccount from which you are transferring will be reduced by the number of Annuity Units exchanged. The number of Annuity Units in the Subaccount to which the exchange is made will be increased by the number of Annuity Units acquired in the exchange. FIXED ANNUITY PAYMENTS Fixed Annuity Payments are Annuity Payments which remain fixed as to dollar amount throughout the Annuity Period. As of the Annuity Date, any Subaccount Accumulation Value applied to purchase fixed Annuity Payments will be allocated to the Guaranteed Interest Account. The fixed Annuity Payment will will, based on the 1983A Individual Annuity Mortality Table at 3% Benchmark Rate of Return, be that amount shown in the attached Tables. If the fixed Annuity Payment is credited at an interest rate above the Form 15208-95 guaranteed minimum rate, the dollar amount of each payment will be greater than the guaranteed dollar amount for the time period that the higher rate is declared. COMBINATION ANNUITY PAYMENTS Combination Annuity Payments are Annuity Payments where a portion of the payment is variable and a portion of the payment is fixed as to dollar amount. If a combination Annuity Payment is elected, at least 25% of the proceeds must be allocated to each elected option. As of the Annuity Date, we will allocate proceeds between the Guaranteed Interest Account and the Subaccounts to meet the proportions selected. Any amount of Accumulation Value to be transferred to or from the Guaranteed Interest Account will be allocated among the Subaccounts in which you are invested in the same proportion that each Subaccount Accumulation Value bears to your Variable Account Accumulation Value. Once a combination Annuity Payment is selected, the Annuitant may subsequently increase the allocation to a fixed Annuity Payment, but may not increase the allocation to a variable Annuity Payment. ANNUITY PAYMENT OPTIONS Under each Annuity Payment Option, the payment period is elected from one of the following:

Exchange of Annuity Units. The Annuitant may exchange the dollar value of all or a portion of the Annuity Units in a Subaccount for an equivalent dollar amount of Annuity Units of another Subaccount. The limit on exchanges of Annuity Units is shown in the table in the Transfer section. After the exchanges, the number of Annuity Units in the Subaccount from which you are transferring will be reduced by the number of Annuity Units exchanged. The number of Annuity Units in the Subaccount to which the exchange is made will be increased by the number of Annuity Units acquired in the exchange. FIXED ANNUITY PAYMENTS Fixed Annuity Payments are Annuity Payments which remain fixed as to dollar amount throughout the Annuity Period. As of the Annuity Date, any Subaccount Accumulation Value applied to purchase fixed Annuity Payments will be allocated to the Guaranteed Interest Account. The fixed Annuity Payment will be that amount shown in the attached Tables. If the fixed Annuity Payment is credited at an interest rate Form 15208-95 above the guaranteed minimum rate, the dollar amount of each payment will be greater than the guaranteed dollar amount for the time period that the higher rate is declared. COMBINATION ANNUITY PAYMENTS Combination Annuity Payments are Annuity Payments where a portion of the payment is variable and a portion of the payment is fixed as to dollar amount. If a combination Annuity Payment is elected, at least 25% of the proceeds must be allocated to each elected option. As of the Annuity Date, we will allocate proceeds between the Guaranteed Interest Account and the Subaccounts to meet the proportions selected. Any amount of Accumulation Value to be transferred to or from the Guaranteed Interest Account will be allocated among the Subaccounts in which you are invested in the same proportion that each Subaccount Accumulation Value bears to your Variable Account Accumulation Value. Once a combination Annuity Payment is selected, the Annuitant may subsequently increase the allocation to a fixed Annuity Payment, but may not increase the allocation to a variable Annuity Payment. ANNUITY PAYMENT OPTIONS Under each Annuity Payment Option, the payment period is elected from one of the following: