Common use of FIXED ACCOUNT Clause in Contracts

FIXED ACCOUNT. For any amounts allocated to the Fixed Account, the Owner will select the duration of the Fixed Account Option from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account Option period without being subject to an Excess Interest Adjustment. VA620 13 If the Owner does not specify a Fixed Account Option at the time of renewal, the Company will select the same Fixed Account Option period as has just expired, so long as such Fixed Account Option period is available and does not extend beyond the Income Date. If such Fixed Account Option period does extend beyond the Income Date, the Company will choose the longest Fixed Account Option period that will not extend beyond such date. If a renewal occurs within one year of the Income Date, the Company will credit interest up to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Option. If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond the Income Date, the Company will choose the next shortest Fixed Account Option period available.

FIXED ACCOUNT. For any amounts Amounts allocated to the Fixed Account, the Owner will select the duration of the Fixed Account Option from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during duration of the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options Option(s) at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account Option period without being subject to an Excess Interest Rate Adjustment. VA620 13 VA250NY 11 If the Owner does not specify a Fixed Account Option at the time of renewal, the Company will select the same Fixed Account Option period as has just expired, so long as such Fixed Account Option period is available and does not extend beyond the Income Date. Within at least 15 days, but not more than 45 days, prior to the end of any Fixed Account Option, We will notify You of your ability to: a) withdraw amounts allocated to the Fixed Account Option within 30 days following the end of such Fixed Account Option without an Interest Rate Adjustment; b) elect a Fixed Account Option of a different duration within 30 days following the end of such Fixed Account Option; c) elect a transfer to Investment Division(s) within 30 days following the end of such Fixed Account Option; or d) elect a Fixed Account Option with the same duration within 30 days following the end of such Fixed Account Option. If such Fixed Account Option period does extend beyond the Income Date, the Company will choose the longest Fixed Account Option period that will not extend beyond such date. If a renewal occurs within one year of the Income Date, the Company will credit interest up to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Option. If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond the Income Date, the Company will choose the next shortest Fixed Account Option period available.

FIXED ACCOUNT. For any amounts Amounts allocated to the Fixed Account, the Owner will select the duration of the Fixed Account Option from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during duration of the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options Option(s) at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account Option period without being subject to an Excess Interest Rate Adjustment. VA620 13 Written notice will be sent to You 30 days in advance of any restriction placed on the Fixed Account Option(s) after Your Contract is in force. Written notice will also be provided to You when restrictions are lifted. VA250NY 11 If the Owner does not specify a Fixed Account Option at the time of renewal, the Company will select the same Fixed Account Option period as has just expired, so long as such Fixed Account Option period is available and does not extend beyond the Income Date. If such Fixed Account Option period does extend beyond the Income Date, the Company will choose the longest Fixed Account Option period that will not extend beyond such date. If a renewal occurs within one year of the Income Date, the Company will credit interest up to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Option. If the same Fixed Account Option period as had just expired is not available and such available, subject to the provisions of this Contract, the funds in the expiring Fixed Account Option period does not extend beyond will be allocated to the Income Date, Investment Divisions in accordance with the Company will choose current instructions on file with the next shortest Fixed Account Option period availableService Center.

FIXED ACCOUNT. For any amounts allocated to the Fixed Account, the Owner will select the duration of the Fixed Account Option from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account Option period without being subject to an Excess Interest Adjustment. VA620 VA630 13 If the Owner does not specify a Fixed Account Option at the time of renewal, the Company will select the same Fixed Account Option period as has just expired, so long as such Fixed Account Option period is available and does not extend beyond the Income Date. If such Fixed Account Option period does extend beyond the Income Date, the Company will choose the longest Fixed Account Option period that will not extend beyond such date. If a renewal occurs within one year of the Income Date, the Company will credit interest up to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Option. If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond the Income Date, the Company will choose the next shortest Fixed Account Option period available.

FIXED ACCOUNT. For any Option If you allocate all or part of a Purchase Payment to the Dollar Cost Averaging Fixed Account Option, we will credit interest at a specified rate on amounts prior to their being transferred to Portfolios you select. Monthly transfers are made over the period that you select. You may not make another Purchase Payment to this option until the entire value in this option has been transferred out, and you may not transfer money into this option. You may not choose this option within 12 months of the Annuity Date. Upon death of the Owner or surrender of the Contract, the minimum value that will be paid to the Beneficiary or Owner will not be less than 90% of your Purchase Payments allocated to the Fixed Account, the Owner will select the duration of the Dollar Cost Averaging Fixed Account Option accumulated at an annual effective interest rate of 3% each year, less prior transfers from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during the entire Dollar Cost Averaging Fixed Account Option accumulated at an annual effective interest rate of 3% each year. If necessary to meet this minimum, charges will be waived. Enhanced Fixed Account Option Each Purchase Payment allocated to the Enhanced Fixed Account Option will be credited with the interest rate established for the date that we receive the Purchase Payment. This rate will apply to the Purchase Payment for an initial period of at least 12 months from the date we receive it. We can adjust the interest rate after the completion of that initial period. Subsequent Base Interest Rates The adjusted rate will apply to that Purchase Payment and its credited interest for at least 12 months, when the rate can again be adjusted. From then on, we cannot adjust the interest rate more often than every 12 months. Different interest rates may apply to each of your Purchase Payments depending on the interest rate established for the date that we received the Purchase Payment and any subsequent rate adjustments. For the purpose of crediting interest, when you take a withdrawal or make a transfer from the Enhanced Fixed Account Option, the Purchase Payment you last made, and the interest credited to it, is considered to be withdrawn first. If you take a withdrawal while a distribution charge applies, your withdrawal may be higher or lower less than your Purchase Payment(s). Upon annuitization, death of the Base Interest Rates previously declared by the Company. You may allocate PremiumsOwner, or make a total withdrawal from the Enhanced Fixed Account Option, the minimum value that will be applied toward annuity payments or paid to the Beneficiary or Owner will not be less than 90% of your Purchase Payments and transfers allocated to the Enhanced Fixed Account Option accumulated at an annual effective interest rate of 3% each year, less prior withdrawals and transfers from the Investment Divisions, to the Fixed Account Options at any time prior to the Income Date, subject to the provisions of this Contract. However, no Enhanced Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end accumulated at an annual effective interest rate of the corresponding Fixed Account Option period without being subject to an Excess Interest Adjustment. VA620 13 If the Owner does not specify a Fixed Account Option at the time of renewal, the Company will select the same Fixed Account Option period as has just expired, so long as such Fixed Account Option period is available and does not extend beyond the Income Date3% each year. If such Fixed Account Option period does extend beyond the Income Datenecessary to meet this minimum, the Company charges will choose the longest Fixed Account Option period that will not extend beyond such date. If a renewal occurs within one year of the Income Date, the Company will credit interest up to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Option. If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond the Income Date, the Company will choose the next shortest Fixed Account Option period availablebe waived.

FIXED ACCOUNT. For The Fixed Account is comprised of a one - year Guaranteed Period Option and the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on the Policy Data page. After the policy date, we reserve the right to prohibit premium payments and/or transfers allocated to the Fixed Account, the Owner Account described in this section. We will select the duration provide 30 days advance written notice of the Fixed Account Option from those made available by the Companythis decision. Such amounts We will earn interest at the Current Interest Rate for the chosen duration, compounded annually during the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options funds will still roll into a new one - year Guaranteed Period Option at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account expiring option’s guaranteed period We will offer the one - year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option period without being subject to an Excess Interest Adjustment(GPO) is guaranteed until the end of that option’s Guaranteed Period. VA620 13 If the Owner does not specify a Fixed Account Option at the time of renewalAt that time, the Company premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest will select be rolled into a new one - year GPO or may be transferred to any Subaccount(s) within the same Fixed Account Option period as has just expiredSeparate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, so long as such Fixed Account Option period is available and does any Guaranteed Period elected may not extend beyond the Income Datemaximum Annuity Commencement Date defined in Section 11. If In the absence of such Fixed Account Option period does extend beyond the Income Dateelection, the Company funds will choose be rolled into a new one - year GPO, You will be mailed a notice of completion of any rollover with the longest Fixed Account Option period that new interest rate applicable. The new GPO will be deemed as accepted if we do not extend beyond such date. If receive a renewal occurs written rejection within one year 30 days from the postmark date of the Income Datecompletion notice. When funds are withdrawn or transferred from the one - year GPO, the Company will credit interest up Policy Value associated with the oldest premium payment or rollover is considered to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Option. be withdrawn/transferred first If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond amount withdrawn/transferred exceeds the Income DatePolicy Value associated with the oldest premium, the Company will choose Policy Value associated with the next shortest Fixed Account Option period availableoldest premium payment or rollover is considered to be withdrawn/transferred next and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - In, First - Out” or FIFO basis).

FIXED ACCOUNT. For any amounts allocated to the Fixed Account, the Owner will select the duration of the Fixed Account Option from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account Option period without being subject to an Excess Interest Rate Adjustment. VA620 13 The Company may restrict the availability of one or more of the Fixed Account Options at any time. Written notice will be sent to You 30 days in advance of any restriction on Premium allocation or restriction, limitation or prohibition of transfers to or from the Fixed Account Options after Your Contract is in force. Written notice will also be provided to You when restrictions are lifted. If the Owner does not specify a Fixed Account Option at the time of renewal, the Company will select the same Fixed Account Option period as has just expired, so long as such Fixed Account Option period is available and does not extend beyond the Income Date. If such Fixed Account Option period does extend beyond the Income DateWithin at least 15 days, the Company will choose the longest Fixed Account Option period that will but not extend beyond such date. If a renewal occurs within one year of the Income Datemore than 45 days, the Company will credit interest up prior to the Income Date at the then Current Interest Rate for the 1-Year end of any Fixed Account Option. If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond the Income Date, the Company We will choose the next shortest Fixed Account Option period available.notify You of your ability to:

FIXED ACCOUNT. For any amounts allocated to the Fixed Account, the Owner will select the duration of the Fixed Account Option from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account Option period without being subject to an Excess Interest Adjustment. VA620 VA640 13 If the Owner does not specify a Fixed Account Option at the time of renewal, the Company will select the same Fixed Account Option period as has just expired, so long as such Fixed Account Option period is available and does not extend beyond the Income Date. If such Fixed Account Option period does extend beyond the Income Date, the Company will choose the longest Fixed Account Option period that will not extend beyond such date. If a renewal occurs within one year of the Income Date, the Company will credit interest up to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Option. If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond the Income Date, the Company will choose the next shortest Fixed Account Option period available.

FIXED ACCOUNT. For any amounts allocated to the Fixed Account, the Owner will select the duration of the Fixed Account Option from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account Option period without being subject to an Excess Interest Rate Adjustment. VA620 13 VA610NY 11 The Company may restrict the availability of one or more of the Fixed Account Options at any time. Written notice will be sent to You 30 days in advance of any restriction on Premium allocation or restriction, limitation or prohibition of transfers to or from the Fixed Account Options after Your Contract is in force. Written notice will also be provided to You when restrictions are lifted. If the Owner does not specify a Fixed Account Option at the time of renewal, the Company will select the same Fixed Account Option period as has just expired, so long as such Fixed Account Option period is available and does not extend beyond the Income Date. If such Fixed Account Option period does extend beyond the Income DateWithin at least 15 days, the Company will choose the longest Fixed Account Option period that will but not extend beyond such date. If a renewal occurs within one year of the Income Datemore than 45 days, the Company will credit interest up prior to the Income Date at the then Current Interest Rate for the 1-Year end of any Fixed Account Option. If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond the Income Date, the Company We will choose the next shortest Fixed Account Option period available.notify You of your ability to:

FIXED ACCOUNT. For The Fixed Account is comprised of a one-year Guaranteed Period Option and the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on the Policy Data page. After the policy date, we reserve the right, to prohibit premium payments and/or transfers allocated to the Fixed Account described in this section. We will provide 30 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect. Even if we are prohibiting premium payments or transfers to the Fixed Account, the Owner funds will select the duration of the Fixed Account still roll into a new one-year Guaranteed Period Option from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account expiring option’s guaranteed period. We will offer the one-year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option period without being subject to an Excess Interest Adjustment(GPO) is guaranteed until the end of that option’s Guaranteed Period. VA620 13 If the Owner does not specify a Fixed Account Option at the time of renewalAt that time, the Company premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest, will select be rolled into a new one-year GPO or may be transferred to any Subaccount(s) within the same Fixed Account Option period as has just expiredSeparate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, so long as such Fixed Account Option period is available and does any Guaranteed Period elected may not extend beyond the Income Datemaximum Annuity Commencement Date defined in Section 11. If In the absence of such Fixed Account Option period does extend beyond the Income Dateelection, the Company funds will choose be rolled into a new one-year GPO. You will be mailed a notice of completion of any rollover with the longest Fixed Account Option period that new interest rate applicable. The new GPO will be deemed as accepted if we do not extend beyond such date. If receive a renewal occurs written rejection within one year 30 days from the postmark date of the Income Datecompletion notice. When funds are withdrawn or transferred from the one-year GPO, the Company will credit interest up Policy Value associated with the oldest premium payment or rollover is considered to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Optionbe withdrawn/transferred first. If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond amount withdrawn/transferred exceeds the Income DatePolicy Value associated with the oldest premium, the Company will choose Policy Value associated with the next shortest Fixed Account Option period availableoldest premium payment or rollover is considered to be withdrawn/transferred next, and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First-ln, First-Out” or FIFO basis).

FIXED ACCOUNT. For The Fixed Account is comprised of a one-year Guaranteed Period Option and the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on the Policy Data page. After the policy date, we reserve the right to prohibit premium payments and/or transfers allocated to the Fixed Account, the Owner Account described in this section. We will select the duration provide 30 days advance written notice of the Fixed Account Option from those made available by the Companythis decision. Such amounts We will earn interest at the Current Interest Rate for the chosen duration, compounded annually during the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options funds will still roll into a new one-year Guaranteed Period Option at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account expiring option’s guaranteed period We will offer the one–year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option period without being subject to an Excess Interest Adjustment(GPO) is guaranteed until the end of that option’s Guaranteed Period. VA620 13 If the Owner does not specify a Fixed Account Option at the time of renewalAt that time, the Company premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest will select be rolled into a new one–year GPO or may be transferred to any Subaccount(s) within the same Fixed Account Option period as has just expiredSeparate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, so long as such Fixed Account Option period is available and does any Guaranteed Period elected may not extend beyond the Income Datemaximum Annuity Commencement Date defined in Section 11. If In the absence of such Fixed Account Option period does extend beyond the Income Dateelection, the Company funds will choose be rolled into a new one-year GPO, You will be mailed a notice of completion of any rollover with the longest Fixed Account Option period that new interest rate applicable. The new GPO will be deemed as accepted if we do not extend beyond such datereceive a written rejection within 30 days from the postmark date of the completion notice. If a renewal occurs within When funds are withdrawn or transferred from the one year of the Income DateGPO, the Company will credit interest up Policy Value associated with the oldest premium payment or rollover is considered to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Option. be withdrawn/transferred first If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond amount withdrawn/transferred exceeds the Income DatePolicy Value associated with the oldest premium, the Company will choose Policy Value associated with the next shortest Fixed Account Option period availableoldest premium payment or rollover is considered to be withdrawn/transferred next and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First-In, First-Out” or FIFO basis).

FIXED ACCOUNT. For The Fixed Account is comprised of a one-year Guaranteed Period Option and the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on the Policy Data page. After the policy date, we reserve the right, to prohibit premium payments and/or transfers allocated to the Fixed Account described in this section. We will provide 30 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect. Even if we are prohibiting premium payments or transfers to the Fixed Account, the Owner funds will select the duration of the Fixed Account still roll into a new one-year Guaranteed Period Option from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account expiring option’s guaranteed period. We will offer the one-year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option period without being subject to an Excess Interest Adjustment(GPO) is guaranteed until the end of that option’s Guaranteed Period. VA620 13 If the Owner does not specify a Fixed Account Option at the time of renewalAt that time, the Company premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest, will select be rolled into a new one-year GPO or may be transferred to any Subaccount(s) within the same Fixed Account Option period as has just expiredSeparate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, so long as such Fixed Account Option period is available and does any Guaranteed Period elected may not extend beyond the Income Datemaximum Annuity Commencement Date defined in Section 11. If In the absence of such Fixed Account Option period does extend beyond the Income Dateelection, the Company funds will choose be rolled into a new one-year GPO. You will be mailed a notice of completion of any rollover with the longest Fixed Account Option period that new interest rate applicable. The new GPO will be deemed as accepted if we do not extend beyond such date. If receive a renewal occurs written rejection within one year 30 days from the postmark date of the Income Datecompletion notice. When funds are withdrawn or transferred from the one-year GPO, the Company will credit interest up Policy Value associated with the oldest premium payment or rollover is considered to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Optionbe withdrawn/transferred first. If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond amount withdrawn/transferred exceeds the Income DatePolicy Value associated with the oldest premium, the Company will choose Policy Value associated with the next shortest Fixed Account Option period availableoldest premium payment or rollover is considered to be withdrawn/transferred next, and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First-In, First-Out” or FIFO basis).

FIXED ACCOUNT. For any amounts allocated The Fixed Account is a separate account under state insurance law and is not required to be registered with the Securities and Exchange Commission under the Investment Company Act of 1940. The Fixed Account, Account includes your Single Premium Paid which we credit with fixed rates of interest for the Owner will select Guarantee Period you select. We reset the duration interest rates for subsequent Guarantee Periods based on our sole discretion. GUARANTEE PERIODS The Initial Guarantee Period is selected by you from among the durations then being offered by the Company and is shown in The Schedule on page 3. The length of the Fixed Account Option Initial Guarantee Period will determine the Initial Guaranteed Interest Rate. Upon the expiry of a Guarantee Period, a subsequent Guarantee Period will begin. Each subsequent Guarantee Period will be the same length as the previous Guarantee Period, unless a) you elect a different duration from among those made available then being offered by the Company. Such amounts will earn interest at ; or b) the Current Interest Rate for the chosen duration, compounded annually during the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account Option period without being subject to an Excess Interest Adjustment. VA620 13 If the Owner does not specify a Fixed Account Option at the time of renewal, the Company will select the same Fixed Account Option period as has just expired, so long as such Fixed Account Option period is available and does not new Guarantee Period would extend beyond the Income DateAnnuity Commencement Date then in effect. If such Fixed Account Option the period does extend beyond remaining from the Income Dateexpiry of the previous Guarantee Period to the Annuity Commencement Date is less than the period you have elected or the period expiring, the Company will choose the longest Fixed Account Option next shortest period then available that will not extend beyond such datethe Annuity Commencement Date will be offered to you. If We will notify you prior to the Maturity Date of your options for renewal. In order to elect a renewal occurs within one year different Guarantee Period, you must notify the Company in writing before the end of the Income Date, 30-day period immediately preceding the Company will credit interest up to Maturity Date of the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Optioncurrent Guarantee Period. If the same Fixed Account Option period as had just expired is You may not available and such Fixed Account Option period does not select a Guarantee Period that would extend beyond the Annuity Commencement Date then in effect. We reserve the right to offer Guarantee Periods of durations other than those available on the Contract Date. We also reserve the right to cease offering a particular Guarantee Period or Periods. GA-IA-1070 8 6/00 HOW WE MEASURE THE CONTRACT'S ACCUMULATION VALUE (continued) ---------------------------------------------------------------------------- MARKET VALUE ADJUSTMENTS A Market Value Adjustment will be applied upon withdrawal or application to an Income DatePlan if made more than 30 days prior to the Maturity Date of the current Guarantee Period, the Company except on free Partial Withdrawal amounts as described on page 10. Market Value Adjustments will choose the next shortest Fixed Account Option period available.be applied as follows:

FIXED ACCOUNT. For any amounts Amounts allocated to the Fixed Account, the Owner will select the duration of the Fixed Account Option from those made available by the Company. Such amounts will earn interest at the Current Interest Rate for the chosen duration, compounded annually during duration of the entire Fixed Account Option period. Subsequent Base Interest Rates may be higher or lower than the Base Interest Rates previously declared by the Company. You may allocate Premiums, or make transfers from the Investment Divisions, to the Fixed Account Options Option(s) at any time prior to the Income Date, subject to the provisions of this Contract. However, no Fixed Account Option period other than one year may be chosen which extends beyond the Income Date. Withdrawals from a Fixed Account Option may take place 30 days following the end of the corresponding Fixed Account Option period without being subject to an Excess Interest Rate Adjustment. VA620 13 The Company in its sole discretion may restrict the availability of one or more of the Fixed Account Options at any time. Written notice will be sent to You 30 days in advance of any restriction placed on the Fixed Account Options after Your Contract is in force. Written notice will also be provided to You when restrictions are lifted. VA220NY 10 -------------------------------------------------------------------------------- ACCUMULATION PROVISIONS (CONT'D) -------------------------------------------------------------------------------- If the Owner does not specify a Fixed Account Option at the time of renewal, the Company will select the same Fixed Account Option period as has just expired, so long as such Fixed Account Option period is available and does not extend beyond the Income Date. Within at least 15 days, but not more than 45 days, prior to the end of any Fixed Account Option, We will notify You of your ability to: a) withdraw amounts allocated to the Fixed Account Option within 30 days following the end of such Fixed Account Option without an Interest Rate Adjustment; b) elect any available Fixed Account Option of a different duration within 30 days following the end of such Fixed Account Option; c) elect a transfer to Investment Division(s) within 30 days following the end of such Fixed Account Option; or d) elect a Fixed Account Option with the same duration, if available, within 30 days following the end of such Fixed Account Option. If such Fixed Account Option period does extend beyond the Income Date, the Company will choose the longest Fixed Account Option period that will not extend beyond such date. If a renewal occurs within one year of the Income Date, the Company will credit interest up to the Income Date at the then Current Interest Rate for the 1-Year Fixed Account Option. If the same Fixed Account Option period as had just expired is not available and such Fixed Account Option period does not extend beyond the Income Date, the Company will choose the next shortest Fixed Account Option period available.