Common use of RISK CONSIDERATIONS Clause in Contracts

RISK CONSIDERATIONS. Investing in stocks is generally riskier than investing in bonds, but has the potential for a higher return on your investment than bonds. This option may be appropriate for those who will be investing for five years or more, want moderate growth, and seek lower risk and fluctuation than the investment strategy employed in the Aggressive Allocation Option. Investors in this option should be able to tolerate potentially sharp declines in value. This option bears all the risks of its underlying investments. See the “Summary of the Underlying Investments” section that follows for more information on the underlying investments. Moderate Allocation 10% 35% 30% 25% Vanguard Total Stock Market Index PIMCO Total Return Fund Vanguard Total International Stock Market Index ▇▇▇▇▇ ▇▇▇▇▇ Floating-Rate Fund

RISK CONSIDERATIONS. Investing in stocks is generally riskier than investing in bonds, but has the potential for a higher return on your investment than bonds. This option may be appropriate for those who will be investing for five 10 years or more, want moderate growthmore potential to grow their investment, and seek lower risk and fluctuation than the investment strategy employed in the Aggressive Allocation Option. Investors in this option should be able but are willing to tolerate potentially sharp declines in valuemarket fluctuation and risk. This option bears all the risks of its underlying investments. Investors in this option should have a long-term investment perspective and be able to tolerate potentially sharp declines in value. See the “Summary of the Underlying Investments” section that follows for more information on the underlying investments. Moderate Aggressive Allocation 1015% 45% 35% 30% 25% Vanguard Total Stock Market Index PIMCO Total Return Fund Vanguard Total International Stock Market Index ▇▇▇▇▇ ▇▇▇▇▇ Floating-Rate Fund