Common use of Without resets Clause in Contracts

Without resets. The following is an illustration of the impact when there are no automatic GLWB Resets or resets of the Death Benefit Base. It assumes the same facts as the example immediately above, except it assumes negative investment performance averaging -2.35% per year, after fees. Older Annuitant Age Younger Annuitant Age Aggregate Unit Value of Income Class Units 5% Bonus Base LWA Base LWA Minimum Class Contract Maturity Benefit Minimum Class Death Benefit 70 65 $200,000 $200,000 $200,000 $9,000 ($200,000 * 4.5%) $150,000 ($200,000 * 75%) $200,000 ($200,000 * 100%) Assume the Aggregate Unit Value of Income Class Units on the reset date at age 68 is $164,170 73 68 $164,170 $200,000 (unchanged) $200,000 (unchanged) $9,000 ($200,000 * 4.5%) (unchanged) $129,286 $172,382 Assume Annual LWA withdrawal of $9,000 at end of year at age 68 73 68 $152,581 $200,000 $200,000 $9,000 $122,085 $162,780 ($161,581 - $9,000) (unchanged) (unchanged) (unchanged) [($161,581 - $9,000) [($161,581 - $9,000) / / $161,581 * $129,286] $161,581 * $172,382] Assume the Aggregate Unit Value of Income Class Units on the reset date at age 80 is $42,197 85 80 $42,197 $200,000 (unchanged) $200,000 (unchanged) $9,000 (unchanged) ($200,000 * 4.5%) $39,411 $52,549 Assume Annual LWA withdrawal of $9,000 at end of year at age 80 85 80 $32,863 $200,000 $200,000 $9,000 $30,938 $41,252 ($41,863 - $9,000) (unchanged) (unchanged) (unchanged) [($41,863 - $9,000) / $41,863 * $39,411] [($41,863 - $9,000) / $41,863 * $52,549]

Without resets. The following is an illustration of the impact when there are no automatic GLWB Resets or resets of the Death Benefit Base. It assumes the same facts as the example immediately above, except it assumes negative investment performance averaging -2.35% per year, after fees. Older Annuitant Age Younger Annuitant Age Aggregate Unit Value of Income Class Units 5% Bonus Base LWA Base LWA Minimum Class Contract Maturity Benefit Minimum Class Death Benefit 70 65 $200,000 $200,000 $200,000 $9,000 10,000 $150,000 $200,000 ($200,000 * 4.55%) $150,000 ($200,000 * 75%) $200,000 ($200,000 * 100%) Assume the Aggregate Unit Value of the Income Class Units on the reset date at age 68 is $164,170 73 157,878 68 $164,170 157,878 $200,000 $200,000 $10,000 $126,930 $169,240 (unchanged) $200,000 (unchanged) $9,000 ($200,000 * 4.55%) (unchanged) $129,286 $172,382 Note: The LWA Rate does not increase Assume Annual an annual LWA withdrawal of $9,000 at end of year 10,000 at age 68 73 at the end of the year 68 $152,581 148,171 $200,000 $200,000 $9,000 10,000 $122,085 118,905 $162,780 158,540 ($161,581 158,171 - $9,00010,000) (unchanged) (unchanged) (unchanged) [($161,581 158,171 - $9,000) 10,000)/ $158,171 * $126,930] [($161,581 158,171 - $9,000) / / 10,000)/ $161,581 158,171 * $129,286] $161,581 * $172,382169,240] Assume the Aggregate Unit Value of the Income Class Units at age 77 on the reset date at age 80 is $42,197 85 80 62,851 77 $42,197 62,851 $200,000 $200,000 $10,000 $53,699 $71,598 (unchanged) $200,000 (unchanged) $9,000 (unchanged) ($200,000 * 4.55%) $39,411 $52,549 (unchanged) Note: The LWA Rate does not increase Assume Annual LWA withdrawal of $9,000 10,000 at age 77 at end of year at age 80 85 80 77 $32,863 52,052 $200,000 $200,000 $9,000 10,000 $30,938 45,045 $41,252 60,060 ($41,863 62,052 - $9,00010,000) (unchanged) (unchanged) (unchanged) [($41,863 62,052 - $9,000) / 10,000)/ $41,863 62,052 * $39,41153,699] [($41,863 62,052 - $9,000) / 10,000)/ $41,863 62,052 * $52,54971,598]