Common use of Rollovers Clause in Contracts

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn into the same or another ▇▇▇▇ ▇▇▇ as a rollover. When completing a rollover from a ▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing ▇▇▇▇ ▇▇▇. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by Inherited ▇▇▇▇ ▇▇▇ Owner). Please refer to the section of this document entitled “Inherited ▇▇▇▇ ▇▇▇.” ▇▇▇▇ ▇▇▇-to-Employer Plan Rollovers Not Permitted. Distributions from your ▇▇▇▇ ▇▇▇ are not eligible for rollover to a designated ▇▇▇▇ account in a 401(k), 403(b), or 457(b) plan. Conversions to ▇▇▇▇ IRAs. Generally, you may convert all or a portion of your Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇ provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA distribution to a ▇▇▇▇ ▇▇▇, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇. Required minimum distributions may not be converted. Conversions are not subject to the 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon ▇▇▇▇▇▇ Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ qualified settlement may be rolled over to a ▇▇▇▇ ▇▇▇ or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Qualified settlement income that is contributed to a ▇▇▇▇ ▇▇▇ is included in your taxable income for the year the qualified settlement income was received, and treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a ▇▇▇▇ ▇▇▇. The amount you can roll over to your ▇▇▇▇ ▇▇▇ cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a ▇▇▇▇▇▇▇▇▇ ESA or another ▇▇▇▇ ▇▇▇. Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your ▇▇▇▇ ▇▇▇ is treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your ▇▇▇▇ ▇▇▇. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn into the same or another ▇▇▇▇ ▇▇▇ as a rollover. When completing a rollover from a ▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from the distributing ▇▇▇▇ ▇▇▇distribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly directly, or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by Inherited ▇▇▇▇ ▇▇▇ Owner). Please refer to the section of this document entitled “Inherited ▇▇▇▇ ▇▇▇.” ▇▇▇▇ ▇▇▇-to-Employer Plan Rollovers Not Permitted. Distributions from your ▇▇▇▇ ▇▇▇ are not eligible for rollover to a designated ▇▇▇▇ account in a 401(k), 403(b), or 457(b) plan. Rollover of Wrongful IRS ▇▇▇▇. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to an IRA (including an Inherited IRA) by the tax return deadline (not including extensions) for the year the assets are returned. The one IRA-to-IRA rollover per 12-month period limitation does not apply to such rollovers. Conversions to ▇▇▇▇ IRAs. Generally, you You may convert all or a portion of your Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇ provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA distribution to a ▇▇▇▇ ▇▇▇, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, Amounts that represent basis may only be converted as permitted under the premature Code and/or Regulations. The early distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇. Required minimum distributions (RMDs) may not be converted. All RMDs must be withdrawn as required under the Code and Regulations prior to a conversion. Conversions are not subject to the 12 12-month rollover restriction that typically applies to rollovers between IRAs. ▇▇▇▇ ▇▇▇ conversions may not be recharacterized. Rollover of Exxon ▇▇▇▇▇▇ Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ qualified settlement may be rolled over to a ▇▇▇▇ ▇▇▇ or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made up until the due date for filing your return, not including extensions. Qualified settlement income that is contributed to a ▇▇▇▇ ▇▇▇ is included in your taxable income for the year the qualified settlement income was received, received and treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a ▇▇▇▇ ▇▇▇. The amount you can roll over to your ▇▇▇▇ ▇▇▇ cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a ▇▇▇▇▇▇▇▇▇ ESA or another ▇▇▇▇ ▇▇▇. Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your ▇▇▇▇ ▇▇▇ is treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your ▇▇▇▇ ▇▇▇. RECHARACTERIZATIONSRollover of Qualified Tuition Program Distribution. Beginning January 1, 2024, distributions from qualified tuition programs that meet the eligibility requirements in the Code, Regulations and other applicable guidance may be rolled over to your ▇▇▇▇ ▇▇▇. Rollovers from qualified tuition programs are subject to annual ▇▇▇▇ ▇▇▇ contribution limit and are reduced by any other contributions you make for the tax year to any of your ▇▇▇▇ and/or Traditional IRAs. The maximum lifetime limit that may be rolled over to your ▇▇▇▇ IRAs from a qualified tuition program, in aggregate, is $35,000. Adjustments to lifetime limit amount may be authorized by the federal government. RECHARACTERIZATIONS Recharacterize a Contribution. You may recharacterize a contribution made to one type of IRA (either Traditional or ▇▇▇▇ ▇▇▇) and treat it as though it was made to a different type of IRA (Traditional or ▇▇▇▇ ▇▇▇). Both the contribution amount along with the net income attributable to the contribution must be transferred. If there was a loss, the amount of any loss will reduce the amount you transfer. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution was made to the first IRA. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606. You may not recharacterize a ▇▇▇▇ ▇▇▇ conversion. TRANSFERS Transfers. You may move your ▇▇▇▇ ▇▇▇ from one trustee, custodian, or issuer to a ▇▇▇▇ ▇▇▇ maintained by another trustee, custodian, or issuer by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn into the same or another ▇▇▇▇ ▇▇▇ as a rollover. When completing a rollover from a ▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing ▇▇▇▇ ▇▇▇. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by Inherited ▇▇▇▇ ▇▇▇ Owner). Please refer to the section of this document entitled “Inherited ▇▇▇▇ ▇▇▇.” ▇▇▇▇ ▇▇▇-to-Employer Plan Rollovers Not Permitted. Distributions from your ▇▇▇▇ ▇▇▇ are not eligible for rollover to a designated ▇▇▇▇ account in a 401(k), 403(b), or 457(b) plan. Conversions to ▇▇▇▇ IRAs. Generally, you may convert all or a portion of your Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇ provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA distribution to a ▇▇▇▇ ▇▇▇, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇. Required minimum distributions may not be converted. Conversions are not subject to the 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon ▇▇▇▇▇▇ Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ qualified settlement may be rolled over to a ▇▇▇▇ ▇▇▇ or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Qualified settlement income that is contributed to a ▇▇▇▇ ▇▇▇ is included in your taxable income for the year the qualified settlement income was received, and treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life InsuranceInsurance (SGLI) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a ▇▇▇▇ ▇▇▇. The amount you can roll over to your ▇▇▇▇ ▇▇▇ cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a ▇▇▇▇▇▇▇▇▇ ESA or another ▇▇▇▇ ▇▇▇. Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your ▇▇▇▇ ▇▇▇ is treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your ▇▇▇▇ ▇▇▇. RECHARACTERIZATIONSRECHARACTERIZATIONS Recharacterizing a Contribution/Conversion. You may “recharacterize” a contribution/conversion made to one type of IRA (either Traditional or ▇▇▇▇ ▇▇▇) and treat it as if it was made to a different type of IRA (Traditional or ▇▇▇▇ ▇▇▇). Both the contribution/conversion amount and the net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any loss will reduce the amount you recharacterize. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution/conversion was made to the first IRA. Reconversion. A reconversion occurs when you convert Traditional IRA (or SIMPLE IRA) assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, or if later, after 30 days have elapsed since the recharacterization. TRANSFERS Transfers. You may move your ▇▇▇▇ ▇▇▇ from one trustee or custodian to a ▇▇▇▇ ▇▇▇ maintained by another trustee or custodian by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year. Transfers Incident to Divorce. Under a valid divorce decree, separate maintenance decree, or other valid court order, your ▇▇▇▇ ▇▇▇ may be transferred to your ex- spouse or you may receive all or part of your ex-spouse’s ▇▇▇▇ ▇▇▇.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn into the same or another ▇▇▇▇ ▇▇▇ as a rollover. When completing a rollover from a ▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from the distributing ▇▇▇▇ ▇▇▇distribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly directly, or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by Inherited ▇▇▇▇ ▇▇▇ Owner). Please refer to the section of this document entitled “Inherited ▇▇▇▇ ▇▇▇.” ▇▇▇▇ ▇▇▇-to-Employer Plan Rollovers Not Permitted. Distributions from your ▇▇▇▇ ▇▇▇ are not eligible for rollover to a designated ▇▇▇▇ account in a 401(k), 403(b), or 457(b) plan. Rollover of Wrongful IRS ▇▇▇▇. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to an IRA (including an Inherited IRA) by the tax return deadline (not including extensions) for the year the assets are returned. The one IRA-to-IRA rollover per 12-month period limitation does not apply to such rollovers. Conversions to ▇▇▇▇ IRAs. Generally, you You may convert all or a portion of your Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇ provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA distribution to a ▇▇▇▇ ▇▇▇, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, Amounts that represent basis may only be converted as permitted under the premature Code and/or Regulations. The early distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇. Required minimum distributions (RMDs) may not be converted. All RMDs must be withdrawn as required under the Code and Regulations prior to a conversion. Conversions are not subject to the 12 12- month rollover restriction that typically applies to rollovers between IRAs. ▇▇▇▇ ▇▇▇ conversions may not be recharacterized. Rollover of Exxon ▇▇▇▇▇▇ Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ qualified settlement may be rolled over to a ▇▇▇▇ ▇▇▇ or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Qualified settlement income that is contributed to a ▇▇▇▇ ▇▇▇ is included in your taxable income for the year the qualified settlement income was received, and treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a ▇▇▇▇ ▇▇▇. The amount you can roll over to your ▇▇▇▇ ▇▇▇ cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a ▇▇▇▇▇▇▇▇▇ ESA or another ▇▇▇▇ ▇▇▇. Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your ▇▇▇▇ ▇▇▇ is treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your ▇▇▇▇ ▇▇▇. RECHARACTERIZATIONSRollover of Qualified Tuition Program Distribution. Beginning January 1, 2024, distributions from qualified tuition programs that meet the eligibility requirements in the Code, Regulations and other applicable guidance may be rolled over to your ▇▇▇▇ ▇▇▇. Rollovers from qualified tuition programs are subject to annual ▇▇▇▇ ▇▇▇ contribution limit and are reduced by any other contributions you make for the tax year to any of your ▇▇▇▇ and/or Traditional IRAs. The maximum lifetime limit that may be rolled over to your ▇▇▇▇ IRAs from a qualified tuition program, in aggregate, is $35,000. Adjustments to lifetime limit amount may be authorized by the federal government. RECHARACTERIZATIONS Recharacterize a Contribution. You may recharacterize a contribution made to one type of IRA (either Traditional or ▇▇▇▇ ▇▇▇) and treat it as though it was made to a different type of IRA (Traditional or ▇▇▇▇ ▇▇▇). Both the contribution amount along with the net income attributable to the contribution must be transferred. If there was a loss, the amount of any loss will reduce the amount you transfer. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution was made to the first IRA. TRANSFERS Transfers. You may move your ▇▇▇▇ ▇▇▇ from one trustee, custodian, or issuer to a ▇▇▇▇ ▇▇▇ maintained by another trustee, custodian, or issuer by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn into the same or another ▇▇▇▇ ▇▇▇ as a rollover. When completing a rollover from a ▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing ▇▇▇▇ ▇▇▇. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by Inherited ▇▇▇▇ ▇▇▇ Owner). Please refer to the section of this document entitled “Inherited ▇▇▇▇ ▇▇▇.” ”. ▇▇▇▇ ▇▇▇-to-Employer Plan Rollovers Not Permitted. Distributions from your ▇▇▇▇ ▇▇▇ are not eligible for rollover to a designated ▇▇▇▇ account in a 401(k), 403(b), or 457(b) plan. Rollover of Wrongful IRS ▇▇▇▇. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to an IRA (including an Inherited IRA) by the tax return deadline (not including extensions) for the year the assets are returned. The one IRA-to-IRA rollover per 12-month period limitation does not apply to such rollovers. Conversions to ▇▇▇▇ IRAs. Generally, you may convert all or a portion of your Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇ provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA distribution to a ▇▇▇▇ ▇▇▇, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇. Required minimum distributions may not be converted. Conversions are not subject to the 12 12-month rollover restriction that typically applies to rollovers between IRAs. ▇▇▇▇ ▇▇▇ conversions may not be recharacterized. Rollover of Exxon ▇▇▇▇▇▇ Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ qualified settlement may be rolled over to a ▇▇▇▇ ▇▇▇ or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Qualified settlement income that is contributed to a ▇▇▇▇ ▇▇▇ is included in your taxable income for the year the qualified settlement income was received, received and treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a ▇▇▇▇ ▇▇▇. The amount you can roll over to your ▇▇▇▇ ▇▇▇ cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a ▇▇▇▇▇▇▇▇▇ ESA or another ▇▇▇▇ ▇▇▇. Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your ▇▇▇▇ ▇▇▇ is treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your ▇▇▇▇ ▇▇▇. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-‐to‐▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn into the same or another ▇▇▇▇ ▇▇▇ as a rollover. When completing a rollover from a ▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from the distributing ▇▇▇▇ ▇▇▇distribution. Only one IRA distribution within any 12-month 12‐month period may be rolled over in an IRA-to-IRA IRA‐to‐IRA rollover transaction. The 12-month 12‐month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-Plan‐to‐▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly directly, or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Employer Retirement Plan-to-Plan‐to‐▇▇▇▇ ▇▇▇ Rollover (by Inherited ▇▇▇▇ ▇▇▇ Owner). Please refer to the section of this document entitled “Inherited ▇▇▇▇ ▇▇▇.” ▇▇▇▇ ▇▇▇-to-Employer ‐to‐Employer Plan Rollovers Not Permitted. Distributions from your ▇▇▇▇ ▇▇▇ are not eligible for rollover to a designated ▇▇▇▇ account in a 401(k), 403(b), or 457(b) plan. Rollover of Wrongful IRS ▇▇▇▇. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer‐sponsored retirement plan that are returned to the taxpayer may be rolled over to an IRA (including an Inherited IRA) by the tax return deadline (not including extensions) for the year the assets are returned. The one IRA‐to‐IRA rollover per 12‐month period limitation does not apply to such rollovers. Conversions to ▇▇▇▇ IRAs. Generally, you You may convert all or a portion of your Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇ provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA distribution to a ▇▇▇▇ ▇▇▇, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, Amounts that represent basis may only be converted as permitted under the premature Code and/or Regulations. The early distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇. Required minimum distributions (RMDs) may not be converted. All RMDs must be withdrawn as required under the Code and Regulations prior to a conversion. Conversions are not subject to the 12 month 12‐month rollover restriction that typically applies to rollovers between IRAs. ▇▇▇▇ ▇▇▇ conversions may not be recharacterized. Rollover of Exxon ▇▇▇▇▇▇ Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ qualified settlement may be rolled over to a ▇▇▇▇ ▇▇▇ or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made up until the due date for filing your return, not including extensions. Qualified settlement income that is contributed to a ▇▇▇▇ ▇▇▇ is included in your taxable income for the year the qualified settlement income was received, received and treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free tax‐free into a ▇▇▇▇ ▇▇▇. The amount you can roll over to your ▇▇▇▇ ▇▇▇ cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a ▇▇▇▇▇▇▇▇▇ ESA or another ▇▇▇▇ ▇▇▇. Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month 12‐month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your ▇▇▇▇ ▇▇▇ is treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your ▇▇▇▇ ▇▇▇. RECHARACTERIZATIONSRollover of Qualified Tuition Program Distribution. Beginning January 1, 2024, distributions from qualified tuition programs that meet the eligibility requirements in the Code, Regulations and other applicable guidance may be rolled over to your ▇▇▇▇ ▇▇▇. Rollovers from qualified tuition programs are subject to annual ▇▇▇▇ ▇▇▇ contribution limit and are reduced by any other contributions you make for the tax year to any of your ▇▇▇▇ and/or Traditional IRAs. The maximum lifetime limit that may be rolled over to your ▇▇▇▇ IRAs from a qualified tuition program, in aggregate, is $35,000. Adjustments to lifetime limit amount may be authorized by the federal government. RECHARACTERIZATIONS Recharacterize a Contribution. You may recharacterize a contribution made to one type of IRA (either Traditional or ▇▇▇▇ ▇▇▇) and treat it as though it was made to a different type of IRA (Traditional or ▇▇▇▇ ▇▇▇). Both the contribution amount along with the net income attributable to the contribution must be transferred. If there was a loss, the amount of any loss will reduce the amount you transfer. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution was made to the first IRA. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606. You may not recharacterize a ▇▇▇▇ ▇▇▇ conversion. TRANSFERS Transfers. You may move your ▇▇▇▇ ▇▇▇ from one trustee, custodian, or issuer to a ▇▇▇▇ ▇▇▇ maintained by another trustee, custodian, or issuer by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn into the same or another ▇▇▇▇ ▇▇▇ as a rollover. When completing a rollover from a ▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing ▇▇▇▇ ▇▇▇. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by Inherited ▇▇▇▇ ▇▇▇ Owner). Please refer to the section of this document entitled “Inherited ▇▇▇▇ ▇▇▇.” ▇▇▇▇ ▇▇▇-to-Employer Plan Rollovers Not Permitted. Distributions from your ▇▇▇▇ ▇▇▇ are not eligible for rollover to a designated ▇▇▇▇ account in a 401(k), 403(b), or 457(b) plan. Conversions to ▇▇▇▇ IRAs. Generally, you may convert all or a portion of your Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇ provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA distribution to a ▇▇▇▇ ▇▇▇, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇. Required minimum distributions may not be converted. Conversions are not subject to the 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon ▇▇▇▇▇▇ Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ qualified settlement may be rolled over to a ▇▇▇▇ ▇▇▇ or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Qualified settlement income that is contributed to a ▇▇▇▇ ▇▇▇ is included in your taxable income for the year the qualified settlement income was received, and treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life InsuranceInsurance (SGLI) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a ▇▇▇▇ ▇▇▇. The amount you can roll over to your ▇▇▇▇ ▇▇▇ cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a ▇▇▇▇▇▇▇▇▇ ESA or another ▇▇▇▇ ▇▇▇. Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your ▇▇▇▇ ▇▇▇ is treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your ▇▇▇▇ ▇▇▇. RECHARACTERIZATIONSRECHARACTERIZATIONS Recharacterizing a Contribution/Conversion. You may “recharacterize” a contribution/conversion made to one type of IRA (either Traditional or ▇▇▇▇ ▇▇▇) and treat it as if it was made to a different type of IRA (Traditional or ▇▇▇▇ ▇▇▇). Both the contribution/conversion amount and the net income attributable to the Reconversion. A reconversion occurs when you convert Traditional IRA (or SIMPLE IRA) assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, or if later, after 30 days have elapsed since the recharacterization. TRANSFERS Transfers. You may move your ▇▇▇▇ ▇▇▇ from one trustee or custodian to a ▇▇▇▇ ▇▇▇ maintained by another trustee or custodian by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year. Transfers Incident to Divorce. Under a valid divorce decree, separate maintenance decree, or other valid court order, your ▇▇▇▇ ▇▇▇ may be transferred to your ex- spouse or you may receive all or part of your ex-spouse’s ▇▇▇▇ ▇▇▇.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn into the same or another ▇▇▇▇ ▇▇▇ as a rollover. When completing a rollover from a ▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing ▇▇▇▇ ▇▇▇. Only one IRA ▇▇▇ distribution within any 12-month period may be rolled over in an IRA-to-IRA ▇▇▇-to-▇▇▇ rollover transaction. The 12-month waiting period begins on the date you receive an IRA ▇▇▇ distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by Inherited ▇▇▇▇ ▇▇▇ Owner). Please refer to the section of this document entitled “Inherited ▇▇▇▇ ▇▇▇.” ”. ▇▇▇▇ ▇▇▇-to-Employer Plan Rollovers Not Permitted. Distributions from your ▇▇▇▇ ▇▇▇ are not eligible for rollover to a designated ▇▇▇▇ account in a 401(k), 403(b), or 457(b) plan. Conversions to ▇▇▇▇ IRAs. Generally, you may convert all or a portion of your Traditional IRA ▇▇▇ (or SIMPLE IRA▇▇▇) to a ▇▇▇▇ ▇▇▇ provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA ▇▇▇ distribution to a ▇▇▇▇ ▇▇▇, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA ▇▇▇ Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇. Required minimum distributions may not be converted. Conversions are not subject to the 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon ▇▇▇▇▇▇ Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ qualified settlement may be rolled over to a ▇▇▇▇ ▇▇▇ or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Qualified settlement income that is contributed to a ▇▇▇▇ ▇▇▇ is included in your taxable income for the year the qualified settlement income was received, and treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a ▇▇▇▇ ▇▇▇. The amount you can roll over to your ▇▇▇▇ ▇▇▇ cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a ▇▇▇▇▇▇▇▇▇ ESA or another ▇▇▇▇ ▇▇▇. Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your ▇▇▇▇ ▇▇▇ is treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your ▇▇▇▇ ▇▇▇. RECHARACTERIZATIONSRECHARACTERIZATIONS Recharacterizing a Contribution/Conversion. You may “recharacterize” a contribution/conversion made to one type of ▇▇▇ (either Traditional or ▇▇▇▇ ▇▇▇) and treat it as if it was made to a different type of ▇▇▇ (Traditional or ▇▇▇▇ ▇▇▇). Both the contribution/conversion amount and the net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any loss will reduce the amount you recharacterize. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution/conversion was made to the first ▇▇▇.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn into the same or another ▇▇▇▇ ▇▇▇ as a rollover. When completing a rollover from a ▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing ▇▇▇▇ ▇▇▇. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your ▇▇▇▇ ▇▇▇, if you meet applicable eligibility requirements. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements, and 403(a) arrangements. Amounts rolled over from an employer plan to a ▇▇▇▇ ▇▇▇ (other than amounts distributed from a designated ▇▇▇▇ account) are generally treated as taxable distributions from your employer retirement plan (except for amounts representing after-tax employee contributions). However, the premature distribution penalty (that typically applies to taxable withdrawals taken prior to age 59½) does not apply to amounts rolled over from your employer‘s retirement plan to your ▇▇▇▇ ▇▇▇. Required minimum distributions may not be rolled over. To complete a direct rollover, from an employer plan to your ▇▇▇▇ ▇▇▇, you must generally instruct the plan administrator to send the distribution directly to your ▇▇▇▇ ▇▇▇ Custodian. To complete an indirect rollover to your ▇▇▇▇ ▇▇▇, you must generally request that the plan administrator make a distribution directly to you. You typically have 60 days from the date you receive an eligible rollover distribution to complete an indirect rollover. If you choose the indirect rollover method, the plan administrator is typically required to withhold 20% of the eligible rollover distribution amount for purposes of federal income tax withholding. You may, however, make up the withheld amount out of pocket and roll over the full amount. If you do not make up the withheld amount out of pocket, the 20% withheld (and not rolled over) will be treated as a distribution, subject to applicable taxes and penalties. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by Inherited ▇▇▇▇ ▇▇▇ Owner). Please refer to the section of this document entitled “Inherited ▇▇▇▇ ▇▇▇.” ▇▇▇▇ ▇▇▇-to-Employer Plan Rollovers Not Permitted. Distributions from your ▇▇▇▇ ▇▇▇ are not eligible for rollover to a designated ▇▇▇▇ account in a 401(k), 403(b), or 457(b) plan. Conversions to ▇▇▇▇ IRAs. Generally, you may convert all or a portion of your Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇ provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA distribution to a ▇▇▇▇ ▇▇▇, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇. Required minimum distributions may not be converted. Conversions are not subject to the 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon ▇▇▇▇▇▇ Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ qualified settlement may be rolled over to a ▇▇▇▇ ▇▇▇ or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Qualified settlement income that is contributed to a ▇▇▇▇ ▇▇▇ is included in your taxable income for the year the qualified settlement income was received, and treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a ▇▇▇▇ ▇▇▇. The amount you can roll over to your ▇▇▇▇ ▇▇▇ cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a ▇▇▇▇▇▇▇▇▇ ESA or another ▇▇▇▇ ▇▇▇. Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your ▇▇▇▇ ▇▇▇ is treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your ▇▇▇▇ ▇▇▇. RECHARACTERIZATIONS.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn into the same or another ▇▇▇▇ ▇▇▇ as a rollover. When completing a rollover from a ▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing ▇▇▇▇ ▇▇▇. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a designated ▇▇▇▇ account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by Inherited ▇▇▇▇ ▇▇▇ Owner). Please refer to the section of this document entitled “Inherited ▇▇▇▇ ▇▇▇.” ”. ▇▇▇▇ ▇▇▇-to-Employer Plan Rollovers Not Permitted. Distributions from your ▇▇▇▇ ▇▇▇ are not eligible for rollover to a designated ▇▇▇▇ account in a 401(k), 403(b), or 457(b) plan. Rollover of Wrongful IRS ▇▇▇▇. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to an IRA (including an Inherited IRA) by the tax return deadline (not including extensions) for the year the assets are returned. The one IRA-to-IRA rollover per 12-month period limitation does not apply to such rollovers. Conversions to ▇▇▇▇ IRAs. Generally, you may convert all or a portion of your Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇ provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA distribution to a ▇▇▇▇ ▇▇▇, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a ▇▇▇▇ ▇▇▇. Required minimum distributions may not be converted. Conversions are not subject to the 12 12-month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon ▇▇▇▇▇▇ ▇▇▇ conversions may not be recharacterized. Rollover of Exxon Valdez Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ Valdez qualified settlement may be rolled over to a ▇▇▇▇ ▇▇▇ or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Qualified settlement income that is contributed to a ▇▇▇▇ ▇▇▇ is included in your taxable income for the year the qualified settlement income was received, received and treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a ▇▇▇▇ ▇▇▇. The amount you can roll over to your ▇▇▇▇ ▇▇▇ cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a ▇▇▇▇▇▇▇▇▇ ESA or another ▇▇▇▇ ▇▇▇. Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your ▇▇▇▇ ▇▇▇ is treated as part of your cost basis (investment in the contract) in the ▇▇▇▇ ▇▇▇ that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your ▇▇▇▇ ▇▇▇. RECHARACTERIZATIONS