Common use of FIXED ACCOUNT OPTIONS Clause in Contracts

FIXED ACCOUNT OPTIONS. Fixed Account Options (FAOs) - You must, before the Annuity Date and subject to the provisions of this section, allocate at least 80% of any Purchase Payment, amounts transferred from other Investment Options or a rollover, to the FAO, while the Annuitant is living and the Contract is in force. Amounts allocated to the FAO are held in our General Account. Subject to applicable law, we have sole discretion over the investment of our General Account assets. Minimum Allocation Amount - The minimum amount that may be allocated to a FAO is as shown in the Contract Specifications. Crediting Interest - Amounts allocated to the FAO will be credited with the Guaranteed Interest Rate for the applicable Contract Year. The Guaranteed Interest Rate will never be less than the GMIR shown in the Contract Specifications. The initial Guaranteed Interest Rate, also shown in the Contract Specifications, is guaranteed not to change during the withdrawal charge period. After the sixth Contract Year, and on all subsequent Contract Anniversaries, we will declare the renewal interest rate that the FAO will earn. Each rate will be guaranteed for one Contract Year and be effective on the Contract Anniversary. Interest will be credited daily at a rate which compounds over one year to the annualized effective interest rate. We will stop crediting interest on that portion of the FAO Value that is transferred, withdrawn or applied to provide an annuity, including any: • withdrawal charges; and, • charges for premium taxes and/or other taxes. We do so as of the date any such transaction is effective.

FIXED ACCOUNT OPTIONS. Fixed Account Options (FAOs) - — You must, before the Annuity Date and subject to the provisions of this section, allocate at least 80% of any Purchase Payment, amounts transferred from other Investment Options or a rollover, to the FAO, while the Annuitant is living and the Contract is in force. Amounts allocated to the FAO are held in our General Account. Subject to applicable law, we have sole discretion over the investment of our General Account assets. Minimum Allocation Amount - — The minimum amount that may be allocated to a FAO is as shown in the Contract Specifications. Crediting Interest - — Amounts allocated to the FAO will be credited with the Guaranteed Interest Rate for the applicable Contract Year. The Guaranteed Interest Rate will never be less than the GMIR shown in the Contract Specifications. The initial Guaranteed Interest Rate, also shown in the Contract Specifications, is guaranteed not to change during the withdrawal charge period. After the sixth Contract Year, and on all subsequent Contract Anniversaries, we will declare the renewal interest rate that the FAO will earn. Each rate will be guaranteed for one Contract Year and be effective on the Contract Anniversary. Interest will be credited daily at a rate which compounds over one year to the annualized effective interest rate. We will stop crediting interest on that portion of the FAO Value that is transferred, withdrawn or applied to provide an annuity, including any: • withdrawal charges; and, • charges for premium taxes and/or other taxes. We do so as of the date any such transaction is effective.