Aetna Life Insurance and Annuity Company
ENDORSEMENT
This Contract is hereby endorsed as follows:
The Contract section entitled GENERAL DEFINITIONS is amended to include the
following 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 Transfer the Current Value of the canceled
series of GET Fund to another accumulation option(s). If no Transfer 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 Money Market VP, 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 Growth and Income VP, a growth and
income fund. The remaining 50% of the Current Value will be transferred to Aetna
Bond VP, 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.
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), the Fixed
Account and the GA Account, (if applicable), 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 part of this Contract on the effective date of the Contract.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
President
Aetna Life Insurance and Annuity Company