Common use of GUARANTEED INTEREST OPTION Clause in Contracts

GUARANTEED INTEREST OPTION. The Guaranteed Interest Option is part of our General Account. The amount in the Guaranteed Interest Option at any time is equal to: . All amounts that have been allocated or transferred to the Guaranteed Interest Option plus . the amount of any interest credited, less . all amounts that have been withdrawn (including charges) or transferred from such Option. We will credit the amounts in the Guaranteed Interest Option with interest at effective rates that we set periodically (the “Crediting Rate”). The initial Crediting Rate will remain in effect for the entire first Contract Year and is shown in your Data Pages. For each subsequent Contract Year, the Crediting Rate will be redetermined. This new Crediting Rate will remain in effect throughout the Contract Year. The Crediting Rate will not be less than the minimum benefits required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities, model #805, using the nonforfeiture interest rate consistent with the minimum nonforfeiture interest rate prescribed in the law of the state in which the policy is delivered or issued for delivery. Interest will be credited to the amounts held in the Guaranteed Interest Option daily. The initial nonforfeiture rate and the minimum nonforfeiture rate are shown in the Data Pages.

GUARANTEED INTEREST OPTION. The Guaranteed Interest Option is part of our General Account. The amount in the Guaranteed Interest Option at any time is equal to: . • All amounts that have been allocated or transferred to the Guaranteed Interest Option plus . • the amount of any interest credited, less . • all amounts that have been withdrawn (including charges) or transferred from such Option. We will credit the amounts in the Guaranteed Interest Option with interest at effective rates that we set periodically (the “Crediting Rate”). The initial Crediting Rate will remain in effect for the entire first Contract Year and is shown in your Data Pages. For each subsequent Contract Year, the Crediting Rate will be redetermined. This new Crediting Rate will remain in effect throughout the Contract Year. The Crediting Rate will not be less than the minimum benefits required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities, model #805, using the nonforfeiture interest rate consistent with the minimum nonforfeiture interest rate prescribed in the law of the state in which the policy is delivered or issued for delivery. Interest will be credited to the amounts held in the Guaranteed Interest Option daily. The initial nonforfeiture rate and the minimum nonforfeiture rate are shown in the Data Pages.