Common use of Guarantee Periods Clause in Contracts

Guarantee Periods. You will select the duration of the Guarantee Period and corresponding declared Guaranteed Interest Rate. Your Purchase Payment will earn interest at the Guaranteed Interest Rate during the entire Guarantee Period. All interest earned will be credited daily; this compounding effect is reflected in the Guaranteed Interest Rate. EXAMPLE OF COMPOUNDING AT THE GUARANTEED INTEREST RATE Beginning Account Value: $50,000 Guarantee Period: 5 years Guaranteed Interest Rate: 5.50% Annual Effective Rate END OF CONTRACT YEAR - - $52,750.00 ========== ========== ========== ========== ========== - $55,651.25 ========== ========== ========== ========== - $58,712.07 ========== ========== ========== ========== ========== - $61,941.23 ========== ========== ========== ========== ========== - $65,348.00 ========== ========== ========== ========== ========== $65,348.00 ========== ========== ========== ========== ========== Total Interest Credited in Guarantee Period -- $65,348.00 - 50,000.00 = $15,348.00 Account Value at end of Guarantee Period -- $50,000.00 + 15,348.00 = $65,348.00 THE ABOVE EXAMPLE ASSUMES NO SURRENDERS, DEDUCTIONS FOR PREMIUM TAXES, OR PRE- AUTHORIZED PAYMENT OF INTEREST DURING THE ENTIRE FIVE-YEAR PERIOD. A MARKET VALUE ADJUSTMENT OR SURRENDER CHARGE MAY APPLY TO ANY SUCH INTERIM SURRENDER (SEE "SURRENDERS"). THE HYPOTHETICAL GUARANTEED INTEREST RATES ARE ILLUSTRATIVE ONLY AND ARE NOT INTENDED TO PREDICT FUTURE GUARANTEED INTEREST RATES TO BE DECLARED UNDER THE CONTRACT. ACTUAL GUARANTEED INTEREST RATES DECLARED FOR ANY GIVEN TIME MAY BE MORE OR LESS THAN THOSE SHOWN. We will notify you about subsequent Guarantee Periods near the end of your current Guarantee Period. At the end of a Guarantee Period: - You may elect a subsequent Guarantee Period by telephone or in writing - Your Account Value will be transferred to the new Guarantee Period at the Guaranteed Interest Rate offered at that time - If you do not make any election, we will automatically transfer the Account Values into a one year Guarantee Period, which you may transfer out of into a new Guarantee Period with no transfer, surrender or Market Value Adjustment charge.

Guarantee Periods. You will select the duration of the Guarantee Period and corresponding declared Guaranteed Interest Rate. Your Purchase Payment will earn interest at the Guaranteed Interest Rate during the entire Guarantee Period. All interest earned will be credited daily; this compounding effect is reflected in the Guaranteed Interest Rate. EXAMPLE OF COMPOUNDING AT THE GUARANTEED INTEREST RATE Beginning Account Value: $50,000 Guarantee Period: 5 years Guaranteed Interest Rate: 5.50% Annual Effective Rate END OF CONTRACT YEAR - - $52,750.00 ========== ========== ========== ========== ========== - $55,651.25 ========== ========== ========== ========== - $58,712.07 ========== ========== ========== ========== ========== - $61,941.23 ========== ========== ========== ========== ========== - $65,348.00 ========== ========== ========== ========== ========== $65,348.00 ========== ========== ========== ========== ========== Total Interest Credited in Guarantee Period -- $65,348.00 - 50,000.00 = $15,348.00 Account Value at end of Guarantee Period -- $50,000.00 + 15,348.00 = $65,348.00 THE ABOVE EXAMPLE ASSUMES NO SURRENDERS, DEDUCTIONS FOR PREMIUM TAXES, OR PRE- AUTHORIZED PAYMENT OF INTEREST DURING THE ENTIRE FIVE-YEAR PERIOD. A MARKET VALUE ADJUSTMENT OR SURRENDER CHARGE MAY APPLY TO ANY SUCH INTERIM SURRENDER (SEE "SURRENDERS"). THE HYPOTHETICAL GUARANTEED INTEREST RATES ARE ILLUSTRATIVE ONLY AND ARE NOT INTENDED TO PREDICT FUTURE GUARANTEED INTEREST RATES TO BE DECLARED UNDER THE CONTRACT. ACTUAL GUARANTEED INTEREST RATES DECLARED FOR ANY GIVEN TIME MAY BE MORE OR LESS THAN THOSE SHOWN. We will notify you about subsequent Guarantee Periods near the end of your current Guarantee Period. At the end of a Guarantee Period: - You may elect a subsequent Guarantee Period by telephone or in writing - Your Account Value will be transferred to the new Guarantee Period at the Guaranteed Interest Rate offered at that time - If you do not make any election, we will automatically transfer the Account Values into a one year Guarantee Period, which you may transfer out of into a new Guarantee Period with no transfer, surrender or Market Value Adjustment charge.

Guarantee Periods. You will select the duration of the Guarantee Period and corresponding declared Guaranteed Interest Rate. Your Purchase Payment will earn interest at the Guaranteed Interest Rate during the entire Guarantee Period. All interest earned will be credited daily; this compounding effect is reflected in the Guaranteed Interest Rate. EXAMPLE OF COMPOUNDING AT THE GUARANTEED INTEREST RATE Beginning Account Value: $50,000 Guarantee Period: 5 years Guaranteed Interest Rate: 5.50% Annual Effective Rate END OF CONTRACT YEAR - - $52,750.00 ========== ========== ========== ========== ========== - $55,651.25 ========== ========== ========== ========== ========== - $58,712.07 ========== ========== ========== ========== ========== - $61,941.23 ========== ========== ========== ========== ========== - $65,348.00 ========== ========== ========== ========== ========== $65,348.00 ========== ========== ========== ========== ========== Total Interest Credited interest credited in Guarantee Period -- $65,348.00 - 50,000.00 = $15,348.00 Account Value at end of Guarantee Period -- $50,000.00 + 15,348.00 = $65,348.00 THE ABOVE EXAMPLE ASSUMES NO SURRENDERS, DEDUCTIONS FOR PREMIUM TAXES, OR PRE- AUTHORIZED PAYMENT OF INTEREST DURING THE ENTIRE FIVE-YEAR PERIOD. A MARKET VALUE ADJUSTMENT OR SURRENDER CHARGE MAY APPLY TO ANY SUCH INTERIM SURRENDER (SEE "SURRENDERS"). THE HYPOTHETICAL GUARANTEED INTEREST RATES ARE ILLUSTRATIVE ONLY AND ARE NOT INTENDED TO PREDICT FUTURE GUARANTEED INTEREST RATES TO BE DECLARED UNDER THE CONTRACT. ACTUAL GUARANTEED INTEREST RATES DECLARED FOR ANY GIVEN TIME MAY BE MORE OR LESS THAN THOSE SHOWN. We will notify you You about subsequent Guarantee Periods near the end of your Your current Guarantee Period. At the end of a Guarantee Period: - You may elect a subsequent Guarantee Period by telephone or in writing - Your Account Value will be transferred to the new Guarantee Period at the Guaranteed Interest Rate offered at that time - If you You do not make any election, we We will automatically transfer the Account Values into a one year Guarantee Period, which you You may transfer out of into a new Guarantee Period with no transfer, surrender or Market Value Adjustment charge.