Aetna Insurance Company of America Home Office: 151 Farmington Avenue Hartford, Connecticut 06156 Group Variable, Fixed or Combination Annuity Contract (Nonparticipating) Aetna Insurance Company of America (We or Us) agrees to pay benefits according...

Accumulation Unit - A measure of the net investment results for each variable investment option during the Accumulation Period. The Accumulation Units for the applicable Funds are used to calculate the portion of a Certificate Holder's Account Value attributable to a Separate Account during the Accumulation Period.

Adjusted Certificate Holder Account Value - The Certificate Holder's Account Value, plus or minus any aggregate AG Account Market Value Adjustment.

Annuitant - The natural person on whose life an Annuity payment is based.

Annuity - A series of payments We make for life, a definite period or a combination of the two.

Annuity Date - The date on which Annuity payments commence.

Annuity Options - Annuity payment methods available during the Annuity Period.

Annuity Period - The period of time during which Annuity payments are made.

Annuity Unit - A measure of the net investment results for each variable investment option during the Annuity Period. Annuity Units are used to calculate the amount of each variable Annuity payment.

Beneficiary - The person(s) entitled to receive any death benefit under the Certificate Holder's Account. Upon the death of a joint Certificate Holder, the surviving joint Certificate Holder, if any, is treated as the Beneficiary. Any other Beneficiary designation on record with Us at the time of death is treated as a contingent Beneficiary.

Certificate - The document issued to a Certificate Holder to evidence a Certificate Holder's Account established under the group Contract.

Certificate Holder - A person who has established a Certificate Holder's Account under a group Contract. We reserve the right to limit ownership to natural persons. If more than one Certificate Holder owns an Account, each Certificate Holder shall be a joint

Holder. Any joint Certificate Holder must be the spouse

the other joint Certificate Holder. Joint Certificate Holders have

ownership rights and both must authorize any exercising of

ownership rights unless otherwise allowed by Us.

Certificate Holder's Account - A record We establish for each

Holder to maintain values under a group Contract.

Certificate Holder's Account Value - The dollar value as of any

Period of all amounts accumulated in a Certificate Holder's

Contract - This agreement between the Group Contract Holder and Us.

Effective Date - The date a Certificate is issued to a Certificate Holder.

Fund - One of the variable investment options which may be selected by a Certificate Holder.

General Account - The General Account is made up of all of our general assets other than those allocated to the separate accounts.

AICA Guaranteed Account (AG Account) - An investment option where We guarantee specified rate(s) of interest for specified periods of time. AG Account is a separate account established by Us in accordance with the provisions of the Connecticut General Statutes Section 38a-433. Certificate Holders do not participate in the investment gain or loss from the assets held in the AG Account.

Assets in the AG Account may be charged with liabilities arising out of any other business We may conduct.

Group Contract Holder - The entity to which a group Contract is issued.

Home Office - Our headquarters, located at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇.

Market Value Adjustment - An adjustment to any withdrawal made from

Net Purchase Payment - The Purchase Payment less premium taxes, if applicable.

Purchase Payment - The gross payment accepted by Us and allocated to the Certificate Holder's Account. We reserve the right to refuse to accept any Purchase Payment at any time for any reason.

Separate Account - A separate account that buys and holds shares of the Fund(s). Income, gains or losses, realized or unrealized, are credited or charged to the Separate Account without regard to Our other income, gains or losses. We own the assets held in the Separate Account and are not a trustee as to such amounts. The Separate Account generally is not guaranteed and is held at market value. The name of the Separate Account is shown on the Contract Schedule. The assets of the Separate Account, to the extent of reserves and other Contract liabilities of the Separate Account, will not be charged with Our other liabilities.

Valuation Period - The period of time for which a Fund determines its net asset value, usually from 4:15 p.m. Eastern time each day the New York Stock Exchange is open until 4:15 p.m. the next such business day, or such other day that one or more of the Funds determines its net asset value. The assets of the Separate Account are not chargeable with the liabilities arising out of any other business We may conduct.

Variable Annuity Contract - An Annuity Contract providing for the accumulation of value and/or for Annuity payments which vary in amount based on investment results.

Certificates - A Certificate is issued to each Certificate Holder whose Purchase Payment(s) is accepted by Us. The Certificate evidences a Certificate Holder's Account established under the Contract. Certificates are not part of the Contract.

Nonparticipating Contract - Neither the Group Contract Holder, Certificate Holder nor any Beneficiary have a right to share in our earnings.

Misstatements and Adjustments - If We learn that the age of any Annuitant or second Annuitant is misstated, the correct age will be used to adjust payments. We reserve the right to request reimbursement or adjust future payments for any amount overpaid. We will pay the amount of any underpayment.

Reports - We furnish each Certificate Holder with a report showing the Certificate Holder's Account Value at least once each calendar year. We also furnish an annual report of the Separate Account.

Premium Taxes - Any premium taxes paid to any governmental entity are charged against Purchase Payments or a Certificate Holder's Account.

We may, at our sole discretion, pay premium taxes when due and deduct that amount from the Certificate Holder's Account at a later date. Payment at an earlier date does not waive any right We may have to deduct amounts at a later date.

Protection of Proceeds - To the extent permitted by law, all payments under this Contract to a Certificate Holder or Beneficiary shall be free from legal process and the claim of any creditor.

Evidence of Survival - The Company may require satisfactory evidence of the continued survival of any person(s) on whose life Annuity payments are based.

Proof of Age - The Company may require evidence of age of any Annuitant under Annuity Options 2 and 3 and of the designated second

under Annuity Option 3.

Change of Contract - Only our authorized officers may change the

of this Contract. We will notify the Group Contract Holder in

at least 30 days before the effective date of any change. Any

will not affect the amount or terms of any Annuity which

before the change.

may make any change that affects the AG Account Market Value

with at least thirty (30) days' advance written notice to

Group Contract Holder and the Certificate Holder. Any such change

become effective for any new guaranteed term and will apply to

present and future Certificate Holders' Accounts.

reserve the right to change the terms of the Systematic Withdrawal

Net Purchase Payment (1.23)

AG Account Guaranteed Interest Rate (7.01)

Net Return Factor (6.05)

Certificate Holder's Account Value (1.14)

Deferred Sales Charge (8.04)

Annuity Unit Value (12.04)

Annuity Options (12.06)

Fixed Annuity Interest Rates (12.01)

Transfers (8.02).

No earlier than twelve (12) months after the Effective Date; and

No earlier than twelve (12) months after the effective date of any prior change.

Certificate Holder Rights - The Certificate Holder has all interest

right to amounts held in his or her Certificate Holder's Account.

Certificate Holder and any joint Certificate Holder are named on

Specifications page. The Certificate Holder and any joint

Holder may exercise all the rights under the Certificate

Account, subject to the rights of:

Any assignee under an assignment filed at our Home Office; and

Any irrevocably named Beneficiary.

the death of a Certificate Holder prior to the Annuity Date, a

Beneficiary may elect to continue the Certificate Holder's

in his or her own name and retain all ownership rights and

or take distribution of the death benefit as defined in

10.

Transfer of Ownership - The Group Contract Holder may transfer

of this Contract. A written request, dated and signed, must

filed at our Home Office.

Change of Beneficiary - The Certificate Holder may change the Beneficiary. A written request, dated and signed by the Certificate Holder, must be filed at our Home Office. If there are joint Certificate Holders, both must sign the request. After the change is recorded, it will take effect as of the date the request was signed.

If the request reaches our Home Office and is recorded after the Certificate Holder dies, but before any payment is made, the change is valid.

Death of Beneficiary - If all of the Beneficiaries and contingent Beneficiaries die prior to the Certificate Holder's death, We pay the death benefit in one sum to the Certificate Holder's estate.

Allocation of Purchase Payments - The Certificate Holder may elect to

each Net Purchase Payment accumulate:

On a variable basis invested in shares of one or more Funds in which the Separate Account invests;

For guaranteed terms offered in the current deposit period(s) under the AG Account; or

In a combination of any of the available investment options.

Investment Allocations to the Separate Account - The assets of the Separate Account are segregated by Fund. If the shares of any Fund are no longer available for investment by the Separate Account or if in our judgment, further investment in such shares should become inappropriate in view of the purpose of the Contract, We may cease to make such Fund shares available for investment under the Contract prospectively, or We may substitute shares of another Fund for shares already acquired. We may also, from time to time, add additional Funds. Any elimination, substitution or addition of Funds will be done in accordance with applicable state and federal securities laws.

We reserve the right to substitute shares of another Fund for shares already acquired without a proxy vote.

Valuation of Assets - The shares of the Funds will be valued at their net asset value at the end of each Valuation Period.

Accumulation Unit - A Net Purchase Payment that is allocated to one or more Funds is credited to the Certificate Holder's Account as Accumulation Units. The number of Accumulation Units credited is determined by dividing the applicable portion of the Net Purchase Payment by the Accumulation Unit value for the appropriate Fund. The Accumulation Unit value used is that which is computed for the next Valuation Period after which the Purchase Payment is received at our Home Office. Accumulation Units attributable to the initial Purchase Payments will be credited within two business days of acceptance.

Accumulation Unit values may increase or decrease from Valuation

to Valuation Period.

Net Return Factor for Each Valuation Period - The value of an

Unit for any Valuation Period is calculated by

the Accumulation Unit value for the immediately preceding

Period by the net return factor of the appropriate Fund for

current period.

net return factor for each Fund is equal to 1.0000000 plus the

return rate.

The value of the shares of the Fund held by the Separate Account at the end of a Valuation Period; minus

The value of the shares of the Fund held by the Separate Account at the start of the Valuation Period; plus or minus

Taxes (or reserves for taxes) on the Separate Account (if any); divided by

The total value of the Funds(s) Accumulation Units and Fund(s) Annuity Units of the Separate Account at the start of the Valuation Period; minus

A daily actuarial charge as shown on the Contract Schedule for Annuity mortality and expense risks and profit and a daily administrative charge.

Administrative Charge - We deduct an administrative charge equal, on an annual basis, to the amount shown on the Contract Schedule.

Mortality Risk Charge - We deduct a mortality risk charge equal, on an annual basis, to the amount shown on the Contract Schedule.

Expense Risk Charge - We deduct an expense risk charge equal, on an annual basis, to the amount shown on the Contract Schedule.

Mortality and Expense Guarantee - We guarantee that the dollar amount of each Annuity payment after the first will not be affected by variations in mortality or expense experience.

Deposit Period - A calendar week, a calendar month, a calendar quarter, or any other period of time We specify during which Net Purchase Payment(s), transfers and reinvestments are accepted into the AG Account for one or more guaranteed terms. We reserve the right to extend the deposit period.

Guaranteed Term - The period of time for which AG Account guaranteed interest rates are guaranteed on Net Purchase Payments. Transfers and reinvestments are made into a current deposit period for the AG

Account. Such period begins on the day following the close of the deposit period and ends on the designated Maturity Date. Guaranteed terms, if any, are offered at our discretion for various lengths of time ranging up to and including ten years.

During a deposit period, We may make available any number of guaranteed terms. The Certificate Holder may allocate Net Purchase Payments and transfers into any or all of the available guaranteed terms.

Guaranteed Term(s) Groups - All AG Account guaranteed term(s) with the same length of time from the close of the deposit period until the designated Maturity Date.

Maturity Date - The last day of a guaranteed term.

Allocation of Net Purchase Payments to the AG Account - When the Certificate Holder wishes to allocate all or any portion of a Net Purchase Payment to the Guaranteed Account, he or she must tell Us the percentage to apply to one or more of the AG Account guaranteed term(s) available during the current deposit period. If no allocation instructions are received, a Net Purchase Payment is allocated as indicated in the most recent directive from the Certificate Holder.

If the same guaranteed term is not available for any amount allocated to the AG Account, We will allocate the amount to the next shortest guaranteed term available. If no shorter guaranteed term is available, We will allocate it to the next longest guaranteed term.

AG Account Guaranteed Term Maturity Date and Maturity Value - On the

date, the value of the total of all amounts allocated to

guaranteed term is called the maturity value.

Certificate Holders have assets in the AG Account, at least

(18) days before a maturity date, We notify them of the:

Projected maturity value; and

Guaranteed terms and the applicable guaranteed interest rates available during the current deposit period.

no allocation instructions are received and the assets in a

term have been reinvested by Us in another guaranteed term

the maturity date, the Certificate Holder may transfer or

during the month following the maturity date, the

amount with interest earned (as of the date the request is

at our Home Office) without incurring a Market Value

This transaction is allowed only once for each maturity

regardless of whether the transfer or withdrawal is partial or

Transfers from the AG Account - A Certificate Holder may transfer any

or all, of an amount in the AG Account to one or more of the

or to another available guaranteed term. The amount withdrawn

any reason before the maturity date is subject to a Market Value

Withdrawals from the AG Account - When the Certificate Holder

a withdrawal from the AG Account, if instructions are not

by the Certificate Holder, amounts are withdrawn on a pro

basis from the guaranteed term(s) groups in which the

Holder's Account is currently invested. Within a

term group, the amount to be withdrawn will be withdrawn

from the oldest deposit period. Except on the maturity date,

from the AG Account will be subject to a Market Value

Reinvestment - We will mail a notice to the Certificate Holder before

guaranteed term's maturity date. This notice will contain the

terms available during the current deposit periods with

guaranteed interest rate(s) and projected maturity value. If no

direction is given by the Certificate Holder prior to the

date, each maturity value will be reinvested in the current

period for a guaranteed term of the same duration. If a

term of the same duration is unavailable, each matured

value will automatically be reinvested in the current deposit

for the next shortest guaranteed term available. If no shorter

term is available, the next longer guaranteed term will be

We will mail a confirmation statement to

AG Account Market Value Adjustment (Factor) - The Market Value Adjustment factor (MVA factor) reflects any change in interest rates from the time assets are allocated to the AG Account to the time they are transferred or withdrawn. An MVA factor is applied to any amount withdrawn or transferred from the AG Account before the end of a guaranteed term, including amounts paid in a lump sum death benefit or applied to an Annuity Option.

The amount withdrawn from the AG Account is multiplied by the MVA factor which is calculated as follows:

is the Deposit Period Yield

is the Current Yield

is the number of days remaining, (computed from Wednesday of the week of withdrawal) in the guaranteed Term.

Transfers During the Accumulation Period - Before the Annuity Date,

Certificate Holder may transfer from any Fund or guaranteed term

the AG Account to:

Any other Fund; or

Any guaranteed term of the AG Account available in the current deposit period.

requests can be submitted as a percentage or as a dollar

We may establish a minimum transfer amount. Within a

term group, the amount transferred is withdrawn first from

oldest deposit period, then from the next oldest, and so on until

amount requested is satisfied.

Certificate Holder may make an unlimited number of transfers

the Accumulation Period. The number of free transfers allowed

shown on the Contract Schedule. Transfers in excess of that number

be subject to the transfer charge shown on the Contract Schedule.

of a matured term value from the AG Account on or within

calendar month after a guaranteed term's maturity date do not

against the annual transfer limit.

applied to guaranteed terms of the AG Account may not be

to the Funds or to another guaranteed term during the

period or for 90 days after the close of the deposit period

for matured term value(s) during the calendar month following

guaranteed term's maturity date.

from guaranteed terms of the AG Account are subject to a

Value Adjustment.

Withdrawals During the Accumulation Period - The Certificate Holder

withdraw all or a portion of the Certificate Holder's Account

during the Accumulation Period by properly completing a

request form. Withdrawal requests can be submitted as a

or as a specific dollar amount. Net Purchase Payment

are withdrawn first, and then the excess value, if any. For

partial withdrawal, if instructions are not provided by the

Holder, amounts are withdrawn on a pro rata basis from

Fund(s), and/or the guaranteed term(s) groups in which the

Holder's Account is currently invested. Within a

term group, the amount to be withdrawn will be withdrawn

from the oldest deposit period, then from the next oldest, and

on until the amount requested is satisfied.

deduction of the maintenance charge, if applicable, the

amount shall be reduced by the applicable deferred sales

and any applicable premium taxes.

Deferred Sales Charge - The deferred sales charge only applies to the

of the amount withdrawn attributable to Net Purchase

and varies according to the elapsed time since receipt of

Purchase Payment. The deferred sales charge is shown on the

Schedule.

Waiver of Deferred Sales Charge - No deferred sales charge is

when a Certificate Holder's Account Value is paid:

To a Beneficiary as a death benefit, except for Purchase Payments made by a surviving joint Certificate Holder as described in Section 10.02(b);

As a premium for an Annuity Option;

At least the number of months, as shown on the Contract Schedule, after the date of the first Purchase Payment and in an amount equal to or less than the percentage of the Certificate Holder's Account Value as shown on the Contract Schedule. This applies to the first withdrawal request, partial or full, in a calendar year. The Certificate Holder's Account Value is calculated as of the date the withdrawal request is received in good order at our Home Office. This waiver is not available to the Certificate Holder while a SWO is in effect;

For a full withdrawal where the Certificate Holder's Account Value does not exceed the amount shown on the Contract Schedule and no withdrawals have been taken from the Certificate Holder's Account within the prior 12 months;

For a distribution made by Us under Section 8.06; or

For a distribution which is part of a SWO under Section 8.07.

Payment of Adjusted Certificate Holder Account Value - Upon 90 day's

notice to the Certificate Holder, We will terminate any

Holder's Account if the Certificate Holder's Account

becomes less than $1,500 immediately following any partial

We do not intend to exercise this right in cases where

Certificate Holder's Account Value is reduced to $1,500 or less

due to investment performance. When We make a distribution

to this provision, the deferred sales charge will not be

Systematic Withdrawal Option (SWO) - We will allow the Certificate

to establish a schedule of withdrawals to be made

from the Certificate Holder's Account Value. All

amounts will be withdrawn on a pro rata basis from the

and/or the guaranteed term(s) groups of the AG Account in

the Certificate Holder's Account is invested.

Certificate Holder must elect one of the following SWO methods:

Specified Payment: Payments of a designated dollar amount. The annual amount may not be greater than the percentage of the Certificate Holder's Account Value at time of the election as shown on the Contract Schedule. This annual dollar amount will remain constant. At our discretion, We may require a minimum payment amount; or

Specified Period: Payments which are made over a period of time which must be at least the minimum period as shown on the Contract Schedule. The annual amount paid each year is calculated by dividing the Certificate Holder's Account Value as of December 31 of the prior year by the number of payment years remaining; or

Specified Percentage: Payment of a designated percentage which cannot be greater than the percentage of the Certificate Holder's Account Value at the time of election as shown on the Contract Schedule. The percentage may be changed by written request. We reserve the right to limit the number of times the percentage may be changed. The annual amount is calculated by multiplying the Certificate Holder's Account Value as of December 31 of the year prior to the payment by the designated percentage.

Death Benefit Amount Prior to the Annuity Date -

Except as set forth in Section 10.02(b), the amount of the

death benefit value is equal to the greater of:

The Certificate Holder's Account Value at the end of the Valuation Period during which We receive at our Home Office due proof of death and election of the type of payment to be made; or

The death benefit determined as of the Valuation Period corresponding to the date of death.

The death benefit on the previous Effective Date anniversary increased by the death benefit factor shown on the Contract Schedule; plus

Purchase Payments made by the Certificate Holder during the Certificate year increased by the death benefit factor shown on the Contract Schedule for the portion of the year since the Purchase Payment was made; less

Any withdrawals or amounts applied to an Annuity Option during the Certificate year increased by the death benefit factor shown on the Contract Schedule for the portion of the Certificate year since the withdrawal or election of Annuity option; or

The Certificate Holder's Account Value on the most recent seventh year anniversary of the Effective Date plus any Purchase Payments made after such Effective Date anniversary less any withdrawals and any amounts applied to an Annuity Option.

In the case of a Beneficiary of a surviving joint Certificate Holder who continued the Certificate Holder's Account in his or

Death Benefit Payment Methods - A non-spousal Beneficiary must elect the death benefit to be paid under one of the following methods in the event of the death of the Certificate Holder prior to the Annuity Date:

Method 1 - Lump sum payment of the death benefit; or

Death of Certificate Holder On or After the Annuity Date - If the Certificate Holder who is not the Annuitant, dies on or after the Annuity Date, the remaining payments under the Annuity Option elected will be made to the Beneficiary at least as rapidly as under the method of distribution in effect at the Certificate Holder's death.

Death of the Annuitant - If the Annuitant, who is not a Certificate Holder, dies on or before the Annuity Date, a new Annuitant may be named. If no Annuitant is named, the Certificate Holder will be the Annuitant. If the Annuitant dies after the Annuity Date, the death benefit, if any, will be payable to the Beneficiary as specified in the Annuity Option elected. We will require proof of the Annuitant's death. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the Annuitant's death.

The New York Stock Exchange is closed for other than customary weekend and holiday closings;

Trading on the Exchange is restricted;

An emergency exists as a result of which it is not reasonably practicable to dispose of securities held in the Separate Account or determine their value; or

The Securities and Exchange Commission so permits delay for the protection of security holders.

Designation of Annuitant - The Certificate Holder and the Annuitant need not be the same person. The Certificate Holder names the Annuitant and during the Accumulation Period, may change the designated Annuitant. We change the Annuitant when We receive a written request in good order at our Home Office. We will not change the Annuitant when Annuity payments have commenced.

The Certificate Holder elects an Annuity Option by telling Us to use all or any portion of the Certificate Holder's Adjusted Account Value (minus any applicable premium taxes if not previously deducted) to purchase Annuity payments under an Annuity Option.

When an Annuity Option is chosen the Certificate Holder must designate a:

Fixed Annuity using the General Account;

Variable Annuity using any of the Funds available during the Annuity Period; or

Combination of (a) and (b).

Terms of Annuity Options - The minimum first payment amount must be at least $50 per month and at least $250 per year.

If the Certificate Holder elects a fixed Annuity and We determine that the Certificate Holder would receive larger payments by applying the Certificate Holder's Account Value, reduced by the deferred sales charge, to a single premium immediate Annuity currently offered by Us, We will make the larger payments.

If Annuity payments begin any time between July 1, 1992 and

31, 1999, the adjusted age is the Annuitant's age as of

birthday closest in time to the Annuity Date reduced by one

year.

If the Annuity begins any time between January 1, 2000 and

31, 2009, the adjusted age is the Annuitant's age as of

birthday closest in time to the Annuity Date reduced by two

years.

For each succeeding decade, the adjusted age is the Annuitant's

as determined in (b), reduced by one additional year.

The date on which Annuity payments are to begin;

The Annuity Option;

Whether the payments are to be made monthly, quarterly, semiannually or annually;

The investment options used to provide Annuity payments.

First day of the month following the Annuitant's birthday shown on the Contract Schedule; or

Tenth anniversary of the last Purchase Payment. In lieu of the election of an Annuity, the Certificate Holder may request a lump sum payment.

Annuity Unit - The number of Annuity Units per Fund is based on the

of the first variable Annuity payment which is equal to:

The portion of the Certificate Holder's Account Value (minus any premium taxes) applied to pay a variable Annuity; divided by,

1000; multiplied by,

The payment rate for the Annuity Option chosen.

Annuity Unit Value - For any Valuation Period, a Fund's Annuity Unit

is equal to:

The value for the previous Valuation Period; multiplied by,

The Annuity Net Return Factor for the Valuation Period; multiplied by,

A daily factor to reflect the Assumed Annual Net Return Rate (the factor for 3.5% per year is .9999058; for 5% per year it is .9998663).

dollar value of a Fund(s) Annuity Unit values and payments may go

or down due to investment gain or loss.

Annuity Net Return Factor - The Annuity net return factor is used to

all Separate Account Annuity payments for any Fund.

Annuity net return factor(s) for each Fund is equal to 1.0000000

the net return rate. The net return rate is equal to:

The value of the shares of the Fund held by the Separate Account at the end of a Valuation Period; minus,

The value of the shares of the Fund held by the Separate Account at the start of the Valuation Period; plus or minus,

Taxes (or reserves for taxes) on the Separate Account (if any); divided by

The total value of the Fund(s) Accumulation Units and Fund(s) Annuity Units of the Separate Account at the start of the Valuation Period; minus,

A daily actuarial charge as shown of the Contract Schedule for Annuity mortality and expense risks and profit and a daily administrative charge which will not exceed the administrative charge as shown on the Contract Schedule.

net return rate may be more or less than zero (o) percent.

value of a share of the Fund is equal to the net assets of the

divided by the number of shares outstanding.

Annuity Options

1 - Payments for a Stated Period of Time - An Annuity will be

for the number of years chosen. The number of years must be at

5 and not more than 30.

100% of the payment to continue after the first death;

66-2/3% of the payment to continue after the first death;

50% of the payment to continue after the first death;

Payments for a minimum of 120 months with 100% of the payment to continue after the first death; or

100% of the payment to continue at the death of the second Annuitant and 50% of the payment to continue at the death of the Annuitant.