Common use of Interest Only Clause in Contracts

Interest Only. Under this option, the interest credited to the Accountholder's current account balance will be paid to the Accountholder on a monthly, quarterly, semi-annual or annual basis, as elected. Each interest only payment made to an Accountholder will be equal to the entire interest accumulated on all Deposits credited to the Systematic Withdrawal Option Account since the time of the last interest only payment. This option will not be available to Accountholder's unable to meet the minimum distribution requirements under federal law. Total or Partial Distributions Total and partial distributions of amounts in the Systematic Withdrawal Payment Option shall be available to Acountholders under the same principles as distributions are available under Section 9 of this Group Annuity Contract. Distributions will be made on a last-in-first-out (LIFO) basis, except for the interest-only option payment. Distributions shall be effective on the later of the date the Accountholder elects to have the distribution paid or the date the Written Request is received by the Company at its Administrative Offices. Distributions to effect a transfer in accordance with Revenue Ruling 90-24 will not be permitted from this option once monies are allocated to this Systematic Withdrawal Option. Systematic Withdrawal Charges A charge shall be deducted by the Company from all amounts paid or distributed, less the Systematic Free Amount. The charge shall be a percentage of the amount paid or distributed in excess of the Systematic Free Amount and shall be based on the following table: Elapsed Years From Initial Allocation Percentage of or Transfer Amount Distributed Upon the death of the Accountholder no charge will be assessed against any payment or distribution made under this Rider. Systematic Free Amount The Systematic Free Amount is an amount of the payment or distribution against which the charge will not be assessed. This free amount is equal to twenty percent (20%) of the amount in the Accountholder's Systematic Withdrawal Payment Option as of December 31 of the preceding calendar year, except in the first year. In the first partial year before any December 31 anniversary, the free amount will be equal to 20% of the initial deposit made to this option. The free amount shall be applied to each payment and distribution made in a calendar year until the free amount is exhausted. A new free amount shall be available for each calendar year. Any unused free amount from one calendar year is forfeited and may not be applied to any other year. GUARANTEED FIXED FUND GUARANTEED SUB-ACCOUNT RIDER ATTACHED TO AND FORMING PART OF THE GROUP ANNUITY CONTRACT The Accountholder, subject to the provisions of the Group Annuity Contract, may allocate all or a portion of his/her Deposits to the Guaranteed Fixed Fund, which is a Guaranteed Sub-Account. Deposits allocated to the Guaranteed Fixed Fund in a calendar quarter shall earn an initial annual effective rate of interest equal to the rate stated by the Company for that calendar quarter. Each initial rate shall remain in effect through the end of that calendar year and shall never be less than 3.5%.* Each year in which deposits are allocated to the Guaranteed Fixed Fund shall be known as a deposit year. All Deposits allocated and interest accrued thereon in a given deposit year which remain in the Guaranteed Fixed Fund shall constitute a separate portfolio as of January 1st of the year following the deposit year. Each separate portfolio shall earn an annual effective rate of interest stated by the Company, which shall be known as a renewal rate. Each renewal rate shall be effective for one calendar year and shall never be less than 3.5%.* A different renewal rate may be declared by the Company for each separate portfolio and for each calendar year. The Accountholder, subject to the provisions of the Group Annuity Contract and this Guaranteed Sub-Account Rider, may transfer amounts from his/her Guaranteed Fixed Fund sub-account at any time. The Company may, from time to time, establish a maximum amount which may be transferred from the Accountholder's Guaranteed Fixed Fund sub-account in a calendar year, which shall never be less than 20% of the Participant's prior year end account balanced in the Guaranteed Fixed Fund. However, if the Accountholder's Guaranteed Fixed Fund sub-account balance is $500 or less on the effective date of the transfer, all or a portion of that balance may be transferred. Amounts transferred shall be debited from the Accountholder's Guaranteed Fixed Fund sub-account on a last-in-first-out basis. Distributions from the Guaranteed Fixed Fund sub-account shall be governed by the Group Annuity Contract. Amounts distributed from the Guaranteed Fixed Fund sub-account shall be debited on a last-in-first-out basis.

Interest Only. Under this option, the interest credited to the Accountholder's current account balance will be paid to the Accountholder on a monthly, quarterly, semi-annual or annual basis, as elected. Each interest only payment made to an Accountholder will be equal to the entire interest accumulated on all Deposits credited to the Systematic Withdrawal Option Account since the time of the last interest only payment. This option will not be available to Accountholder's unable to meet the minimum distribution requirements under federal law. Total or Partial Distributions Total and partial distributions of amounts in the Systematic Withdrawal Payment Option shall be available to Acountholders under the same principles as distributions are available under Section 9 of this Group Annuity Contract. Distributions will be made on a last-in-first-out (LIFO) basis, except for the interest-only option payment. Distributions shall be effective on the later of the date the Accountholder elects to have the distribution paid or the date the Written Request is received by the Company at its Administrative Offices. Distributions to effect a transfer in accordance with Revenue Ruling 90-24 will not be permitted from this option once monies are allocated to this Systematic Withdrawal Option. Systematic Withdrawal Charges A charge shall be deducted by the Company from all amounts paid or distributed, less the Systematic Free Amount. The charge shall be a percentage of the amount paid or distributed in excess of the Systematic Free Amount and shall be based on the following table: Elapsed Years From Initial Allocation Percentage of or Transfer Amount Distributed Upon the death of the Accountholder no charge will be assessed against any payment or distribution made under this Rider. Systematic Free Amount The Systematic Free Amount is an amount of the payment or distribution against which the charge will not be assessed. This free amount is equal to twenty percent (20%) of the amount in the Accountholder's Systematic Withdrawal Payment Option as of December 31 of the preceding calendar year, except in the first year. In the first partial year before any December 31 anniversary, the free amount will be equal to 20% of the initial deposit made to this option. The free amount shall be applied to each payment and distribution made in a calendar year until the free amount is exhausted. A new free amount shall be available for each calendar year. Any unused free amount from one calendar year is forfeited and may not be applied to any other year. GUARANTEED FIXED FUND GUARANTEED SUB-ACCOUNT IRC 403(b) Rider SBJPA IRC 403(b) RIDER ATTACHED TO AND FORMING PART OF THE GROUP ANNUITY CONTRACT The AccountholderDue to modifications under the Small Business Job Protection Act of 1996, all elective deferrals under the Contract will be subject to the provisions of the Group Annuity Contract, may allocate all or a portion of his/her Deposits to the Guaranteed Fixed Fund, which is a Guaranteed Sub-Account. Deposits allocated to the Guaranteed Fixed Fund noted in a calendar quarter shall earn an initial annual effective rate of interest equal to the rate stated by the Company for that calendar quarter. Each initial rate shall remain in effect through the end of that calendar year and shall never be less than 3.5%Section 1 below.* Each year in which deposits are allocated to the Guaranteed Fixed Fund shall be known as a deposit year. All Deposits allocated and interest accrued thereon in a given deposit year which remain in the Guaranteed Fixed Fund shall constitute a separate portfolio as of January 1st of the year following the deposit year. Each separate portfolio shall earn an annual effective rate of interest stated by the Company, which shall be known as a renewal rate. Each renewal rate shall be effective for one calendar year and shall never be less than 3.5%.* A different renewal rate may be declared by the Company for each separate portfolio and for each calendar year. The Accountholder, subject to the provisions of the Group Annuity Contract and this Guaranteed Sub-Account Rider, may transfer amounts from his/her Guaranteed Fixed Fund sub-account at any time. The Company may, from time to time, establish a maximum amount which may be transferred from the Accountholder's Guaranteed Fixed Fund sub-account in a calendar year, which shall never be less than 20% of the Participant's prior year end account balanced in the Guaranteed Fixed Fund. However, if the Accountholder's Guaranteed Fixed Fund sub-account balance is $500 or less on the effective date of the transfer, all or a portion of that balance may be transferred. Amounts transferred shall be debited from the Accountholder's Guaranteed Fixed Fund sub-account on a last-in-first-out basis. Distributions from the Guaranteed Fixed Fund sub-account shall be governed by the Group Annuity Contract. Amounts distributed from the Guaranteed Fixed Fund sub-account shall be debited on a last-in-first-out basis.