EX-99.B.4.13
AETNA LIFE INSURANCE AND ANNUITY COMPANY
ENDORSEMENT
This Contract is hereby endorsed as follows:
GENERAL DEFINITIONS is amended to include the following defined terms:
AETNA GET FUND (GET FUND): An open-end registered management investment
company organized as a series fund. Each series of GET Fund is a separate
Fund under this Contract.
ALLOCATION PERIOD: The period of time, usually from one to three months,
during which amounts may be allocated to a series of GET Fund. This may be
done by Transfer or by Net Purchase Payment(s). Each series of GET Fund
will have a specific Allocation Period.
At its discretion, Aetna may allow additional amounts to be allocated to a
series of GET Fund during the Guarantee Period. The Guarantee established
at the close of the Allocation Period will apply to these amounts.
At its discretion, Aetna may specify a minimum amount per Transfer and per
Net Purchase Payment amount for each series prior to the beginning of the
Allocation Period for that series.
Aetna will specify a minimum amount of assets that a series of the GET Fund
must contain at the close of the Allocation Period. Aetna reserves the
right to cancel a series if it does not meet this minimum standard. If
Aetna elects to cancel the GET Fund and not to start the Guarantee Period,
Aetna will mail each Contract Holder with amount(s) in the series a notice
that the series is being canceled. This notice will be mailed no later than
15 calendar days after the Allocation Period ends. The Contract Holder will
have 45 calendar days from the end of the Allocation Period to: (a)
Transfer the Current Value of the canceled series of GET Fund to another
accumulation option(s); or (b) request a surrender of the portion of any
Net Purchase Payment allocated to the canceled series of the GET Fund
without a surrender fee. If no Transfer or surrender is made prior to the
end of the 45 calendar day period, the Current Value in the canceled series
of GET Fund will be transferred to Aetna Variable Encore Fund, a money
market fund during the next Valuation Period.
Aetna will also specify the maximum amount of assets that will be accepted
into a series of the GET Fund. Aetna reserves the right to not allow
allocations to a series if it exceeds this maximum standard. If Aetna
elects not to allow allocations to the series of GET Fund, Aetna will stop
accepting Net Purchase Payments and Transfers into the series 10 calendar
days after such election. The Allocation Period will continue until the
date the Guarantee Period begins.
GET FUND MATURITY DATE: The date at which the Guaranteed Period for a
series will end. The GET Fund Record Units for that series will be
liquidated. At least 60 days prior to the GET Fund Maturity Date for a
series, Aetna will mail a written notice to each Contract Holder with
amounts in the maturity series. Another accumulation option must then be
elected. If no such election is made by the GET Fund Maturity Date, the
portion of the Current Value based on that GET Fund series will be
transferred to the Allocation Period for another series of GET Fund. If no
GET Fund Series is available, 50% of the Current Value from that GET Fund
series will be transferred to Aetna Variable Fund, a growth and income
fund. The remaining 50% of the Current Value will be transferred to Aetna
Income Shares, a bond fund. The Transfers will be made during the next
Valuation Period. Such Transfers will not be counted as one of the free
Transfers. The GET Fund Maturity Date will be specified before the
Allocation Period for that series begins.
GUARANTEE: Aetna guarantees that on a series' GET Fund Maturity Date, the
value of each GET Fund Record Unit then outstanding in that series will not
be less than the value of the Record Unit on the last day of the Allocation
Period. Aetna will transfer any amount necessary from its general account
to the Separate Account in order to bring that Record Unit Value to the
guaranteed level. This Guarantee does not apply to GET Fund Record Unit
Values withdrawn or transferred before the GET Fund Maturity Date.
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GUARANTEED PERIOD: The length of time to which the Guarantee applies for a
series, ending on the GET Fund Maturity Date. This period will be specified
before the Allocation Period for a series begins.
The Contract section entitled FUND(S) is amended to add the following sentence:
Unless specifically indicated otherwise in this Contract, all references to
Fund(s) in this Contract shall include each series of GET Fund.
The Contract section entitled NET RETURN FACTOR(S) - SEPARATE ACCOUNT is hereby
endorsed to add the following as subsection (f):
Minus a daily fee at an annual rate of 0.25% during the Guaranteed Period
for Aetna's guarantee of GET Fund Record Unit Values. This fee will be
determined prior to the start of any series of GET Fund's Allocation
Period.
The Contract section entitled TRANSFER OF CURRENT VALUE FROM THE FUNDS is
amended to include the following paragraph at the end of this provision:
Withdrawals or Transfers from a GET Fund series before the Maturity Date
will be at the then applicable GET Fund Record Unit Value, which may be
more or less than the Record Unit Value guaranteed at the GET Fund Maturity
Date.
The Contract section entitled REINSTATEMENT is amended to include the following
paragraph at the end of this provision:
Amounts withdrawn from GET will be reinstated to the Allocation Period of a
GET series, if available. If a GET series Allocation Period is unavailable,
amounts will be reallocated among other Fund(s) and the Fixed Account on a
prorata basis.
The Contract section entitled CHOICES TO BE MADE is amended to include the
following paragraph at the end of this provision:
Contract values based on any GET Fund series must be transferred to another
accumulation option prior to election of an Annuity Option.
Endorsed and made a part of this Contract on the effective date of the Contract.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
President
Aetna Life Insurance and Annuity Company
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