contract4030-020613.htm - Generated by SEC Publisher for SEC Filing


ING Life Insurance and Annuity Company
[Windsor, CT 06095-4774]	Important terms and definitions used in this
	Contract appear on page _6_.
[Customer Service Center
P.O. Box 10450
909 Locust Street, Des Moines, Iowa 50306-0450]
[1-888-854-5950] [www.ingfinancialsolutions.com]


Contract Number
[R123456]
Annuitant	Age of Annuitant	Sex of Annuitant
[Thomas J. Doe]	[55]	[Male]
Owner	Age of Owner	Residence State
[Thomas J. Doe]	[55]	[Connecticut]
Contract Date	Issue State
[December 1, 2012]	[Connecticut]
Initial Premium	Department of Insurance Phone Number – Issue State
[$5,000]	[(401) 468-2090]
Annuity Commencement Date
[December 1, 2047]
Separate Account
[Variable Annuity Account B]

    SINGLE PREMIUM DEFERRED INDIVIDUAL VARIABLE ANNUITY CONTRACT WITH MINIMUM
                                                GUARANTEED WITHDRAWAL BENEFIT

In this Contract, “you” or “your” refers to the Owner shown above. “We”, “our”, or “us” refers to ING
Life Insurance and Annuity Company.

              READ YOUR CONTRACT CAREFULLY. This is a legal Contract between you and us.

Payments and values under this Contract, when based on the investment experience of the Sub-
accounts may increase or decrease, depending on the investment results of the Sub-accounts; they
are not guaranteed as to dollar amounts. Provisions regarding the variable nature of this Contract are
found in Section 5.

                                 RIGHT TO EXAMINE AND RETURN THIS CONTRACT
You may return this Contract by mailing or delivering it to our Customer Service Center at the address
shown above or to the producer through whom you purchased it within fifteen days (or thirty days if
this is a replacement contract as defined by applicable state regulation) after the date you receive it. If
so returned, we will promptly pay you the Accumulation Value plus any charges we have deducted
which may be more or less than the Premium paid depending on the investment results of the Sub-
accounts. If you are unsure whether your Contract is a replacement contract, please contact us at our
Customer Service Center at the phone number or address set forth above.

                                  [DEFENSE OF MARRIAGE ACT DISCLOSURE
Pursuant to federal law (the Defense of Marriage Act of 1996), certain favorable federal tax treatment
available to opposite-sex spouses is not available to same-sex spouses. For instance, federal tax law
allows a surviving spouse who is designated the beneficiary under an annuity to continue the annuity
when the owner dies. This alternative death benefit option is not available to a same-sex spouse
beneficiary. If you are a same-sex spouse, we suggest that you consult with a tax advisor prior to
purchasing an annuity contract, such as this one, which provides spousal benefits.]

This Contract is non-participating which means it will not pay dividends resulting from any of the surplus or
earnings of ING Life Insurance and Annuity Company.

ICC12 IL-IA-4030


	TABLE OF CONTENTS

		Page

1.	CONTRACT SCHEDULE	3

2.	IMPORTANT TERMS AND DEFINITIONS	6

3.	INTRODUCTION TO THE CONTRACT
	3.1 The Contract	9
	3.2 The Owner	9
	3.3 The Annuitant	9
	3.4 The Beneficiary	9

4.	PREMIUMS AND TRANSFERS
	4.1 Premiums	11
	4.2 Premium Allocation	11
	4.3 Transfers	11
	4.4 Sub-account No Longer Available	11

5.	CONTRACT VALUE
	5.1 The Separate Account	12
	5.2 The Accumulation Value	12
	5.3 Charges and Expenses	13

6.	CONTRACT BENEFITS
	6.1 Contract Surrender	15
	6.2 Withdrawals	15
	6.3 The Death Benefit	18
	6.4 Annuity Payments	20

7.	OTHER IMPORTANT INFORMATION
	7.1 Report to Owner	24
	7.2 Assignment	24
	7.3 Misstatement Made by Owner in Connection with the Purchase of this Contract	24
	7.4 Payments We May Defer	24
	7.5 Incontestability	24
	7.6 Basis of Computation	24
	7.7 Rules for Interpreting this Contract	25
	7.8 Non-Waiver	25
	7.9 Conformity with Interstate Insurance Product Regulation Commission Standards	25

ICC12 IL-IA-4030

	1.	CONTRACT SCHEDULE
A.	Charges and Fees:
	Annual Administrative Charge	[$0.00]
		The Annual Administrative Charge will be waived if
		at the time of the deduction the Accumulation Value
		or the Premium received is at least equal to the
		following amounts:
		(1)	Accumulation Value - $[100,000]; or
		(2)	Premium - $[100,000].
	Excess Transfer Charge	[$0.00]
	Daily Mortality & Expense Risk Charge	[0.001098]%, equal to an annual rate of [0.40]%
	Minimum Guaranteed Withdrawal Benefit
	Charge Rate (MGWB Charge Rate)	[0.250]%, deducted quarterly (annual rate [1.00]%)
B.	Specially Designated Sub-account
	[ING Money Market Portfolio] or its successor
C.	Minimum Guaranteed Withdrawal Benefit (MGWB)
	Lifetime Withdrawal Eligibility Age	[62]
	Ratchet Dates	[Each Annual Contract Anniversary before the
		Lifetime Automatic Periodic Benefit Status
		begins and the day the Contract enters the Lifetime
		Withdrawal Phase.]


Maximum Annual Withdrawal (MAW) Percentage:	[4.0] %

MGWB Base	$[5,000]

Assumed Lifetime Withdrawal Commencement Age:	65 when [100%] of the MAW is available

Early Lifetime Withdrawal Commencement:	The MAW is reduced to:
	•	[95%] when starting at age 64
	•	[90%] when starting at age 63
	•	[85%] when starting at age 62

Deferred Lifetime Withdrawal Commencement:	The MAW is increased to:
	•	[102%] when starting at age 66
	•	[104%] when starting at age 67
	•	[106%] when starting at age 68
	•	[108%] when starting at age 69
	•	[110%] when starting at age 70 plus

	The purpose of the Minimum Guaranteed Withdrawal Benefit (MGWB) provided under this Contract
	is to provide security through a stream of monthly income payments to the Annuitant and, if
	applicable, the Annuitant’s spouse.

D.	Attached Endorsements [Individual Retirement Annuity Endorsement]
	[Roth Individual Retirement Annuity Endorsement]

ICC12 IL-IA-4030

E. Joint and Survivor MGWB Elected: Yes [X] No [_]

Age of Annuitant’s spouse on the Contract Date: [55]

Option Data Table (applicable only if Joint and Survivor MGWB has been elected). If a Joint and

Survivor MGWB is elected, when the MAW is requested the MAW shall be actuarially adjusted based on the

Annuitant’s and the Annuitant’s spouse’s ages on the date of the request, following the adjustment for early

lifetime withdrawal commencement or deferred lifetime withdrawal commencement, if applicable, using the

following Joint and Survivor Equivalency Factors:


	Annuity 2000 Basic Mortality / 3% Interest Joint and Survivor Equivalency Factors
							Annuitant’s
Spouse’s							Age
Age	62	63	64	65	66	67	68	69	70	71	72	73	74
20	58%	57%	55%	54%	52%	51%	49%	48%	46%	44%	43%	41%	40%
21	58%	57%	55%	54%	52%	51%	49%	48%	46%	45%	43%	42%	40%
22	59%	57%	56%	54%	53%	51%	50%	48%	47%	45%	43%	42%	40%
23	59%	58%	56%	55%	53%	51%	50%	48%	47%	45%	44%	42%	41%
24	59%	58%	56%	55%	53%	52%	50%	49%	47%	45%	44%	42%	41%
25	60%	58%	57%	55%	54%	52%	51%	49%	47%	46%	44%	43%	41%
26	60%	59%	57%	56%	54%	52%	51%	49%	48%	46%	44%	43%	41%
27	61%	59%	58%	56%	54%	53%	51%	50%	48%	46%	45%	43%	42%
28	61%	59%	58%	56%	55%	53%	52%	50%	48%	47%	45%	43%	42%
29	61%	60%	58%	57%	55%	54%	52%	50%	49%	47%	45%	44%	42%
30	62%	60%	59%	57%	56%	54%	52%	51%	49%	47%	46%	44%	43%
31	62%	61%	59%	58%	56%	54%	53%	51%	49%	48%	46%	44%	43%
32	63%	61%	60%	58%	56%	55%	53%	52%	50%	48%	47%	45%	43%
33	63%	62%	60%	59%	57%	55%	54%	52%	50%	49%	47%	45%	44%
34	64%	62%	61%	59%	57%	56%	54%	52%	51%	49%	47%	46%	44%
35	64%	63%	61%	60%	58%	56%	55%	53%	51%	49%	48%	46%	44%
36	65%	63%	62%	60%	58%	57%	55%	53%	52%	50%	48%	46%	45%
37	65%	64%	62%	61%	59%	57%	56%	54%	52%	50%	49%	47%	45%
38	66%	64%	63%	61%	59%	58%	56%	54%	53%	51%	49%	47%	46%
39	67%	65%	63%	62%	60%	58%	57%	55%	53%	51%	50%	48%	46%
40	67%	66%	64%	62%	61%	59%	57%	55%	54%	52%	50%	48%	47%
41	68%	66%	65%	63%	61%	60%	58%	56%	54%	52%	51%	49%	47%
42	69%	67%	65%	64%	62%	60%	58%	57%	55%	53%	51%	49%	48%
43	69%	68%	66%	64%	63%	61%	59%	57%	55%	54%	52%	50%	48%
44	70%	68%	67%	65%	63%	62%	60%	58%	56%	54%	52%	51%	49%
45	71%	69%	67%	66%	64%	62%	60%	59%	57%	55%	53%	51%	49%
46	71%	70%	68%	66%	65%	63%	61%	59%	57%	56%	54%	52%	50%
47	72%	71%	69%	67%	65%	64%	62%	60%	58%	56%	54%	53%	51%
48	73%	71%	70%	68%	66%	64%	63%	61%	59%	57%	55%	53%	51%
49	74%	72%	71%	69%	67%	65%	63%	62%	60%	58%	56%	54%	52%
50	75%	73%	71%	70%	68%	66%	64%	62%	61%	59%	57%	55%	53%
51	75%	74%	72%	71%	69%	67%	65%	63%	61%	59%	57%	56%	54%
52	76%	75%	73%	71%	70%	68%	66%	64%	62%	60%	58%	56%	54%
53	77%	76%	74%	72%	71%	69%	67%	65%	63%	61%	59%	57%	55%
54	78%	77%	75%	73%	71%	70%	68%	66%	64%	62%	60%	58%	56%
55	79%	77%	76%	74%	72%	71%	69%	67%	65%	63%	61%	59%	57%
56	80%	78%	77%	75%	73%	72%	70%	68%	66%	64%	62%	60%	58%
57	81%	79%	78%	76%	74%	73%	71%	69%	67%	65%	63%	61%	59%
58	82%	80%	79%	77%	75%	74%	72%	70%	68%	66%	64%	62%	60%
59	83%	81%	80%	78%	76%	75%	73%	71%	69%	67%	65%	63%	61%
60	83%	82%	81%	79%	77%	76%	74%	72%	70%	68%	66%	64%	62%

ICC12 IL-IA-4030


Annuity 2000 Basic Mortality / 3% Interest Joint and Survivor Equivalency Factors (continued)

							Annuitant’s
Spouse’s							Age
Age	62	63	64	65	66	67	68	69	70	71	72	73	74
61	84%	83%	82%	80%	78%	77%	75%	73%	71%	69%	67%	65%	63%
62	85%	84%	83%	81%	79%	78%	76%	74%	72%	70%	68%	66%	64%
63	86%	85%	83%	82%	80%	79%	77%	75%	74%	72%	70%	68%	66%
64	87%	86%	84%	83%	82%	80%	78%	77%	75%	73%	71%	69%	67%
65	88%	87%	85%	84%	83%	81%	79%	78%	76%	74%	72%	70%	68%
66	89%	87%	86%	85%	84%	82%	81%	79%	77%	75%	73%	71%	69%
67	89%	88%	87%	86%	85%	83%	82%	80%	78%	76%	75%	73%	71%
68	90%	89%	88%	87%	86%	84%	83%	81%	79%	78%	76%	74%	72%
69	91%	90%	89%	88%	87%	85%	84%	82%	81%	79%	77%	75%	73%
70	92%	91%	90%	89%	87%	86%	85%	83%	82%	80%	78%	77%	75%
71	92%	91%	90%	89%	88%	87%	86%	84%	83%	81%	80%	78%	76%
72	93%	92%	91%	90%	89%	88%	87%	86%	84%	83%	81%	79%	77%
73	93%	93%	92%	91%	90%	89%	88%	87%	85%	84%	82%	80%	79%
74	94%	93%	93%	92%	91%	90%	89%	88%	86%	85%	83%	82%	80%
75	95%	94%	93%	92%	92%	91%	90%	89%	87%	86%	85%	83%	81%
76	95%	95%	94%	93%	92%	91%	91%	89%	88%	87%	86%	84%	83%
77	96%	95%	94%	94%	93%	92%	91%	90%	89%	88%	87%	85%	84%
78	96%	95%	95%	94%	94%	93%	92%	91%	90%	89%	88%	87%	85%
79	96%	96%	95%	95%	94%	94%	93%	92%	91%	90%	89%	88%	86%
80	97%	96%	96%	95%	95%	94%	93%	93%	92%	91%	90%	89%	87%
81	97%	97%	96%	96%	95%	95%	94%	93%	93%	92%	91%	90%	88%
82	97%	97%	97%	96%	96%	95%	95%	94%	93%	92%	92%	91%	89%
83	98%	97%	97%	97%	96%	96%	95%	95%	94%	93%	92%	91%	90%
84	98%	98%	97%	97%	97%	96%	96%	95%	95%	94%	93%	92%	91%
85	98%	98%	98%	97%	97%	97%	96%	96%	95%	94%	94%	93%	92%
86	98%	98%	98%	98%	97%	97%	97%	96%	96%	95%	94%	94%	93%
87	99%	98%	98%	98%	98%	97%	97%	97%	96%	96%	95%	94%	94%
88	99%	99%	98%	98%	98%	98%	97%	97%	96%	96%	96%	95%	94%
89	99%	99%	99%	98%	98%	98%	98%	97%	97%	96%	96%	95%	95%
90	99%	99%	99%	99%	98%	98%	98%	98%	97%	97%	96%	96%	95%

For ages not shown, appropriate factors will be provided.

F. Annuity Payments

We may require that the first payment amount be at least [$100 - $250] per month or [$500 - $1,000] per
year. We reserve the right to increase the minimum first payment amount, if allowed by state law, based
on increases reflected in the Consumer Price Index-Urban (CPI-U) since January 1, 2013.

ICC12 IL-IA-4030

2. IMPORTANT TERMS AND DEFINITIONS

Accumulation Value means the sum of the Accumulation Values in each of the Sub-accounts. See Section
5.2 for additional details.

Annuitant means the individual designated by you and upon whose life the Minimum Guaranteed Withdrawal
Benefit, Death Benefit or Annuity Payments are based.

Annuity Commencement Date means the date on which Annuity Payments commence.

Annuity Payments means periodic Annuity Plan payments made by us to you or, subject to our consent in
the event the payee is not a natural person, to a payee designated by you.

Annuity Plan means an option elected by you (or, if none is elected, means the option described under
Electing an Annuity Plan in Section 6.4) that determines the frequency, duration and amount of the Annuity
Payments.

Beneficiary means the individual or entity you select to receive the Death Benefit. See Section 3.4 for
additional details.

Business Day means any day that the New York Stock Exchange is open for trading, exclusive of federal
holidays, or any day the Securities and Exchange Commission (“SEC”) requires that Investment Portfolios be
valued.

Cash Surrender Value means the amount you receive upon Surrender of this Contract, which equals the
Accumulation Value minus any applicable charges. See Sections 5.2, 5.3, and 6.1 for additional details.

Code means the Internal Revenue Code of 1986, as amended.

Contract means this Single Premium Deferred Individual Variable Annuity Contract with Minimum Guaranteed
Withdrawal Benefit, together with any attached application, amendments, or Endorsements.

Contract Anniversary means the same day and month each year as the Contract Date. If the Contract Date
is February 29th, in non-leap years, the Contract Anniversary shall be March 1st.

Contract Date means the date on which this Contract becomes effective. The Contract Date is shown on the
first page of this Contract.

Contract Year means the period beginning on a Contract Anniversary (or, in the first Contract Year only,
beginning on the Contract Date) and ending on the day preceding the next Contract Anniversary.

Death Benefit means the amount payable to the Beneficiary upon death of the Annuitant (1) prior to the
Annuity Commencement Date and before the Contract enters the Lifetime Automatic Periodic Benefit Status,
or (2) while the Payments for Life with Surrender Right and Death Benefit Annuity Plan is in effect and before
the Contract enters the Lifetime Automatic Periodic Benefit Status.

Endorsements mean attachments to the Contract that add to, amend, change, modify or supersede the
Contract’s terms or provisions.

Excess Transfer means any transfer between available Sub-accounts after twelve transfers have occurred
within any Contract Year.

Excess Transfer Charge means the charge we may assess on each Excess Transfer. The Excess Transfer
Charge amount is stated in the Contract Schedule.

ICC12 IL-IA-4030

Excess Withdrawal means any Withdrawal taken before commencement of the Lifetime Withdrawal Phase or
any Withdrawal in a Contract Year exceeding the then current Maximum Annual Withdrawal on or after the
Lifetime Withdrawal Phase has begun.

General Account means an account which contains all of our assets other than those held in our Separate
Account.

Initial Premium means the payment made by you to us to put this Contract into effect.

Investment Portfolio means the mutual fund or unit investment trust in which a Sub-account invests.

Irrevocable Beneficiary means a Beneficiary whose rights and interests under this Contract cannot be
changed without his, her or its consent.

Joint and Survivor MGWB means the Minimum Guaranteed Withdrawal Benefit payable for the life of the
Annuitant and the life of the Annuitant’s spouse (as defined under federal law).

Lifetime Automatic Periodic Benefit Status means a period in time during which we will pay you MGWB
Periodic Payments. See Section 6.2 for details.

Lifetime Withdrawal Eligibility Age means the age of the Annuitant shown in the Contract Schedule on or
after which the Owner may begin the Lifetime Withdrawal Phase. See Section 6.2 for additional details.

Lifetime Withdrawal Phase means the period under the Minimum Guaranteed Withdrawal Benefit during
which the Maximum Annual Withdrawal is calculated and is available for withdrawal. The Lifetime Withdrawal
Phase begins on the date of the first Withdrawal on or after the date the Annuitant reaches the Lifetime
Withdrawal Eligibility Age. See Section 6.2 for additional details.

Maximum Annual Withdrawal or MAW means the maximum amount available for Withdrawal from the
Contract under the Minimum Guaranteed Withdrawal Benefit in any Contract Year without reducing the MGWB
Base in future Contract Years.

MGWB Base means the factor that is used for the sole purpose of calculating the MAW and the charge for the
Minimum Guaranteed Withdrawal Benefit. The MGWB Base has no cash value that can be withdrawn in a
lump sum and is not payable as a death benefit.

MGWB Charge Rate means the percentage of the MGWB Base as of the last Business Day immediately prior
to the date the MGWB Charge is deducted. The MGWB Charge Rate percentage is shown in the Contract
Schedule.

MGWB Periodic Payments mean the payments that occur after the Contract enters the Lifetime Automatic
Periodic Benefit Status.

Minimum Guaranteed Withdrawal Benefit or MGWB means the benefit available after the Annuitant
reaches the Lifetime Withdrawal Eligibility Age that guarantees that the Annuitant (and the Annuitant’s spouse
if a Joint and Survivor MGWB has been elected) will have a pre-determined amount, the MAW, available for
Withdrawals from the Contract each Contract Year, even if the Accumulation Value is reduced to zero (other
than by Excess Withdrawal or Surrender), as more fully described in Section 6.2 of the Contract.

Minimum Guaranteed Withdrawal Benefit Charge or MGWB Charge means the charge deducted from the
Accumulation Value and related to the Minimum Guaranteed Withdrawal Benefit available through the
Contract. The MGWB Charge is described in Section 5.3.

Net Return Factor means the value that reflects: (1) the investment experience of an Investment Portfolio in
which a Sub-account invests; and (2) the charges assessed against that Sub-account during a Valuation
Period.

ICC12 IL-IA-4030

Notice to Us means notice made in a form that: (1) is approved by, or is acceptable to, us; (2) has the
information and any documentation we determine in our discretion to be necessary to take the action
requested or exercise the right specified; and (3) is received by us at our Customer Service Center at the
address specified on the first page of this Contract. Under certain circumstances, we may permit you to
provide Notice to Us by telephone or electronically.

Notice to You means written notification mailed to your last known address. A different means of notification
may also be used if you and we mutually agree. When action is required by you, the time frame and manner
for response will be specified in the notice.

Owner means the individual (or entity) that is entitled to exercise the rights incident to ownership. The terms
“you” or “your”, when used in this Contract, refer to the Owner.

Premium means the Initial Premium.

Proof of Death means the documentation we deem necessary to establish death including, but not limited to:
(1) a certified copy of a death certificate; (2) a certified copy of a statement of death from the attending
physician; (3) a finding of a court of competent jurisdiction as to the cause of death; or (4) any other proof we
deem in our discretion to be satisfactory to us.

Ratchet means an increase to the MGWB Base equal to the amount by which the Accumulation Value on the
applicable Ratchet Date is greater than the MGWB Base on such Ratchet Date.

Ratchet Date means the applicable date set forth in the Contract Schedule.

Right To Examine Period means the period of time during which you have the right to return the Contract for
any reason, or no reason at all, and receive the payment as described in the Right to Examine and Return
This Contract provision appearing on the first page of this Contract. Exercise of the Right to Examine will
result in termination of the Contract, including any MGWB.

Specially Designated Sub-account means a Sub-account that is used as a “holding” account or for
administrative purposes. The Specially Designated Sub-account is designated by us and identified in the
Contract Schedule.

Surrender means a transaction in which the entire Cash Surrender Value is taken from the Contract.

Separate Account means the separate account shown on the first page of this Contract. The Separate
Account is a segregated asset account established under Connecticut Law to fund variable annuity contracts.
The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940 and
it also meets the definition of “separate account” under the federal securities laws.

Sub-account means a sub-account of the Separate Account that invests in an Investment Portfolio.

Valuation Period means the time from the close of regular trading on the New York Stock Exchange on one
Business Day to the close of regular trading on the next succeeding Business Day.
“We”, “our”, or “us”, when used in this Contract, means ING Life Insurance and Annuity Company, a stock
company domiciled in Connecticut.

Withdrawal means a transaction in which only a portion of the Cash Surrender Value is taken from the
Contract. Annuity Payments under the Payments for Life with Surrender Right and Death Benefit Annuity Plan
are treated as Withdrawals, as are required minimum distributions made in accordance with the requirements
of Sections 408(b)(3) or 408(a)(6) of the Code and the Treasury regulations thereunder.

ICC12 IL-IA-4030

3. INTRODUCTION TO THE CONTRACT

3.1 The Contract
This Contract and any attached application, amendments, or Endorsements constitute the entire Contract
between you and us. The Contract is issued in consideration of the Initial Premium. If the application is
attached to the Contract, all statements made by the applicant for the issuance of the Contract shall, in the
absence of fraud, be deemed representations and not warranties.

Only our president, a vice president or secretary is authorized to amend, change or modify any of the
Contract’s terms, provisions or requirements. Any such amendment, change or modification must be in
writing. We may amend, change or modify this Contract if required by law, including any amendment,
change or modification necessary to continue to qualify such Contract as an annuity contract under
applicable law. An Endorsement added to comply with applicable law does not require your consent but is
subject to regulatory approval. Any such amendments, changes or modifications will apply uniformly to all
contracts that are affected.

The provisions of this Contract shall, in all events, be construed to comply with applicable U.S. federal
income tax requirements including the requirements of Section 72(s) of the Code.

3.2 The Owner
The Owner owns the Contract and is entitled to exercise the rights incident of ownership.

You may change the ownership of this Contract at any time prior to the Annuity Commencement Date.
Except as noted in Section 6.3 for spousal continuation, ownership may only be changed to a custodian
for the benefit of the Annuitant or to the Annuitant. No other changes of ownership will be allowed. To
change ownership, you must provide Notice to Us of such change. Unless otherwise specified by the
Owner, a change of ownership will take effect as of the date Notice to Us is signed by the Owner, subject
to any payments we make or actions we take prior to our receipt of such Notice to Us.

You may elect a Joint and Survivor MGWB, in which case, the Annuitant’s spouse (as defined under
federal law) will be entitled to MGWB. See Section 6.2. You may name a joint Annuitant on the Annuity
Commencement Date, but only if you elect a Joint and Last Survivor Life Payments Annuity Plan.

3.3 The Annuitant
The Annuitant must be a natural person. The Annuitant cannot be changed while he or she is living, but
see Section 6.3 for details about situations in which the Annuitant’s surviving spouse (as defined under
federal law) may become the Annuitant.

3.4 The Beneficiary
A Beneficiary’s status may be changed at any time prior to the Annuity Commencement Date unless you
designate such Beneficiary as an Irrevocable Beneficiary. An Irrevocable Beneficiary cannot be changed
without the consent of the Irrevocable Beneficiary. You may designate one or more classes of
Beneficiaries: (i) primary Beneficiaries and (ii) contingent Beneficiaries. The Death Benefit will be paid to
the primary Beneficiary. If all the primary Beneficiaries die before the Annuitant, the contingent Beneficiary
shall take the place of, and be deemed to be, the primary Beneficiary. If there are multiple Beneficiaries,
the Death Benefit shall be paid in equal shares to all primary Beneficiaries unless you provide Notice to Us
directing otherwise.

In the case of a single life MGWB, if the Annuitant is the Owner and no Beneficiaries are alive or have
been designated at the time of the Annuitant’s death, the Annuitant’s estate will be deemed to be the
primary Beneficiary.

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In the case of a Joint and Survivor MGWB, the Annuitant’s spouse will be deemed to be the sole primary
Beneficiary notwithstanding any other Beneficiary designation made. In the case of a Joint and Survivor
MGWB, if the Annuitant’s spouse is the Owner and no Beneficiaries are alive or have been designated at
the time of the Annuitant’s spouse’s death, then the estate of the Annuitant’s spouse will be deemed to be
the primary Beneficiary.

If the Owner is not a natural person and all Beneficiaries die before the Annuitant (or the Annuitant’s
spouse, if applicable), or if no Beneficiary has been designated at the time of the Annuitant’s death (or the
Annuitant’s spouse’s death, if applicable), the Owner will be deemed to be the primary Beneficiary.

We will deem any Beneficiary to have predeceased the Annuitant, if:
(1) Such Beneficiary died at the same time as the Annuitant;
(2) Such Beneficiary died within twenty-four hours after the Annuitant’s death; or
(3) There is not sufficient evidence to determine that the Beneficiary and Annuitant died other than at the
same time.

To make a Beneficiary change, you must provide Notice to Us. Unless you specify otherwise, such
change cancels any existing Beneficiary designations in the same class (primary or contingent) and will
take effect as of the date Notice to Us is signed by the Owner, subject to any payments we make or
actions we take prior to receipt of such Notice to Us.

The rights of any Beneficiary (if a natural person), including an Irrevocable Beneficiary, will end if he or she
dies prior to the Annuitant and will pass to any other Beneficiary (which, if a natural person, must then be
living) as described in this Section 3.4 unless you provide Notice to Us directing otherwise.

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4. PREMIUMS

4.1 Premiums
The Initial Premium for this Contract is required to put this Contract into effect. The amount of the Initial
Premium is shown on the first page of this Contract. Additional Premium will not be accepted.

4.2 Premium Allocation
You select how to allocate the Premium among the available Sub-account(s). We reserve the right to
allocate the Premium received before expiration of the Right to Examine Period to the Specially
Designated Sub-account. If we do so, upon expiration of the Right to Examine Period, the Accumulation
Value will be allocated proportionately in accordance with your directions.

Premium will be allocated as of the earlier of 4 P.M. Eastern Time and close of business on the Business
Day such Premium is received by us. Any Premium received by us after the close of regular trading on
the New York Stock Exchange will be allocated as of the close of business on the next Business Day.

4.3 Transfers
Subject to the limitations set out herein, on any Business Day thirty days or more after the Contract Date
and prior to the Annuity Commencement Date, if more than one Sub-account is available, you may
transfer the Accumulation Value among such available Sub-accounts. You may also transfer the
Accumulation Value among available Sub-accounts on or after the Annuity Commencement Date but only
if you are eligible for and elect Payments for Life with Surrender Right and Death Benefit. You may not
transfer the Accumulation Value among available Sub-accounts on or after the Annuity Commencement
Date under any other Annuity Plan. To make a transfer, you must provide Notice to Us.

If you make an Excess Transfer, you may be assessed an Excess Transfer Charge. An Excess Transfer
is any transfer after twelve transfers in one Contract Year. Transferred values may be reduced by Excess
Transfer Charges. See Section 5.3.

Transfers will occur as of the close of business on the Business Day we receive your request. However,
any transfer requests received by us after the close of regular trading on the New York Stock Exchange
will take effect as of the close of business on the next Business Day.

We will monitor transfer activity and will restrict transfers that constitute excessive trading. You may not
make more than one purchase and sale of the same Sub-account within a sixty day period or more than
five such purchases and sales within any twelve month period. We may modify these restrictions, or the
standard as it may apply to a particular Sub-account, will occur after prior notice, depending on, among
other factors, the needs of the underlying Investment Portfolio(s) in which the Sub-account(s) invest, the
best interest of the contract Owners, and/or state and federal regulatory requirements. If this standard is
modified, it will be applied uniformly to all contracts or as applicable, to all contracts investing in the
underlying Investment Portfolio. We will notify you of any such modification.

4.4 Investment Portfolio No Longer Available
If an Investment Portfolio in which a Sub-account invests is no longer available because it has been
substituted by or merged into another Investment Portfolio, we will execute your allocation or transfer
instructions using the substitute or proposed replacement Investment Portfolio. The substitute or
proposed replacement Investment Portfolio in which the Sub-account invests may have higher fees and
charges than the Investment Portfolio it replaces.

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5. CONTRACT VALUE

5.1 The Separate Account

The Separate Account is kept separate from our General Account and any other separate accounts we
may have. We own the assets in the Separate Account. Assets equal to the reserves and other liabilities
of the Separate Account will not be charged with liabilities that arise from any other business we conduct.
We may transfer to our General Account assets of the Separate Account that exceed the reserves and
other liabilities of the Separate Account. Income along with realized and unrealized gains or losses from
assets in the Separate Account are credited to or charged against the Separate Account without regard to
other income, gains or losses in our General Account and other separate accounts.

Sub-accounts
The Separate Account is divided into Sub-accounts, each of which invests in a designated Investment
Portfolio that we determine to be suitable for the Contract’s purposes. The Investment Portfolios may be
managed by separate investment advisers. Such adviser may be registered under the Investment
Advisers Act of 1940.

Changes Within the Separate Account
We may, from time to time, make additional Sub-accounts available to you. We also have the right to
eliminate Sub-accounts, combine two or more Sub-accounts or substitute a new Investment Portfolio for
the Investment Portfolio in which a Sub-account invests. A substitution may become necessary if, in our
judgment, an Investment Portfolio Sub-account no longer suits the purpose of the Contract. This may
happen due to a change in laws or regulations, a change in an Investment Portfolio’s investment
objectives or restrictions, because the Investment Portfolio or Sub-account is no longer available for
investment or for some other reason. We will obtain any required regulatory approvals before making a
substitution. We will send Notice to You in advance of any changes within the Separate Account.

Subject to any required regulatory approvals, we reserve the right to transfer assets of the Separate
Account or any Sub-account that we determine to be associated with the class of contracts to which this
Contract belongs to another separate account or to another sub-account. The Investment Portfolio in
which the transferred assets invest through the new separate account or sub-account may have higher
fees than the prior Investment Portfolio.

When permitted by law, we reserve the right to:
(1) Deregister the Separate Account under the Investment Company Act of 1940;
(2) Operate the Separate Account as a management company under the Investment Company Act of
1940 if it is operating as a unit investment trust;
(3) Operate the Separate Account as a unit investment trust under the Investment Company Act of 1940 if
it is operating as a managed separate account;
(4) Restrict or eliminate any voting rights of Owners or other persons who have voting rights to the
Separate Account; and
(5) Combine the Separate Account with other separate accounts.

5.2 The Accumulation Value
The Accumulation Value of this Contract is the sum of the Accumulation Values in each of the Sub-
accounts. Each Sub-account is valued at the close of each Business Day for the preceding Valuation
Period.

On the Contract Date, the Accumulation Value in each Sub-account equals the Initial Premium allocated
to that Sub-account, less premium tax if applicable.

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At the close of each Business Day thereafter, the Accumulation Value in each Sub-account is calculated
as follows:
(1) We start with the Accumulation Value in the Sub-account at the close of the preceding Business Day.
(2) We multiply (1) by the Sub-account’s Net Return Factor, explained below, for the current Valuation
Period.
(3) We add or subtract transfers to or from that Sub-account during the current Valuation Period.
(4) We subtract from (3) any Withdrawals during the current Valuation Period.
(5) We subtract from (4) any charges, other than daily charges, or applicable taxes including any
premium taxes not previously deducted, allocated to that Sub-account for any deductions from
Accumulation Value as shown in the Contract Schedule.

Sub-account’s Net Return Factor
The Net Return Factor for each Sub-account is calculated as follows:
(1) We take the net asset value of the Investment Portfolio in which the Sub-account invests at the close
of the current Business Day.
(2) We add to (1) the amount of any dividend or capital gains distribution declared for the Investment
Portfolio and reinvested in such Investment Portfolio during the current Valuation Period.
(3) We divide (2) by the net asset value of the Investment Portfolio at the close of the preceding Business
Day.
(4) We subtract the daily mortality & expense risk charge set forth in the Contract Schedule for each Sub-
account for each day in the current Valuation Period.

Calculations for Sub-accounts investing in unit investment trusts are on a per unit basis.

5.3 Charges and Expenses
Minimum Guaranteed Withdrawal Benefit Charge (“MGWB Charge”)
The MGWB Charge is calculated daily but deducted on each quarterly Contract Anniversary from the
Accumulation Value in the Sub-accounts, in the same proportion that the total Accumulation Value in each
Sub-account bears to the total Accumulation Value in your Contract. The MGWB Charge is equal to the
MGWB Base as of the previous Business Day multiplied by the MGWB Charge Rate shown in the
Contract Schedule. The MGWB Charge will continue to be assessed for as long as the Minimum
Guaranteed Withdrawal Benefit is in effect, unless the Accumulation Value is reduced to zero.

If the Contract is terminated due to the Surrender, cancellation or application of the Accumulation Value to
an Annuity Plan other than the Payments for Life with Surrender Right and Death Benefit Annuity Plan, the
MGWB Charge for that portion of the current quarter completed will be deducted from the Accumulation
Value prior to termination of the Contract.

Annual Administrative Charge
We may assess an annual administrative charge to cover a portion of our ongoing administrative
expenses. The charge is deducted from the Accumulation Value in each Sub-account (1) on each
Contract Anniversary prior to the Annuity Commencement Date, (2) on each Contract Anniversary on or
following the Annuity Commencement Date if you elect the Payments for Life with Surrender Right and
Death Benefit Annuity Plan, (3) on the Annuity Commencement Date or (4) at Surrender, each such
deduction in the same proportion that the Accumulation Value in that Sub-account bears to the total
Accumulation Value in all Sub-accounts on that date. If the Contract Anniversary, Annuity
Commencement Date or Surrender falls on a non-business day, the charge is calculated at the close of
business on the next Business Day. We may, at any time, charge less but will never charge more than
the annual administrative charge shown in the Contract Schedule. At the time of deduction, this charge
will be waived if the Accumulation Value or the Premium received is at least equal to the amounts shown
in the Contract Schedule.

At our discretion, we may reduce, but not increase the amounts shown in the Contract Schedule for
waiving the annual administrative charge.

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Excess Transfer Charge
We may assess an Excess Transfer Charge for each Excess Transfer, which are all transfers after the
first twelve in a Contract Year. Any Excess Transfer Charge will be deducted from the Accumulation
Value in the Sub-account(s) from which an Excess Transfer is made. The transfer of Accumulation Value
from any Sub-account is deemed to be one transfer regardless of the number of Sub-accounts into which
the value is transferred. We may, at any time, charge less but will never charge more than the Excess
Transfer Charge shown in the Contract Schedule.

Mortality & Expense Risk Charge
We assess a mortality & expense risk charge (“M & E charge”) against each Sub-account on a daily
basis. We may, at any time, charge less but will never charge more than the daily M & E charge shown in
the Contract Schedule.

Premium Tax
We may deduct from the Accumulation Value the amount of any premium tax or other state and local
taxes levied by any state or local government entity when:
(1) Such premium tax is incurred by us; or
(2) The Accumulation Value is applied to an Annuity Plan on the Annuity Commencement Date as
described in Section 6.4.

We have the right to change the amount we charge for any premium tax to conform to changes in the
applicable law or if you change your state of residence. Unless you direct otherwise, any premium taxes
will be deducted from all Sub-accounts on a pro rata basis.

Other Taxes
We do not expect any U.S. federal income tax liability attributable to the Separate Account. However,
changes in federal laws, Treasury regulations and/or their interpretation thereof may result in our being
taxed on income or gains attributable to the Separate Account. In this case, a charge may be deducted
from the Separate Account to provide for the payment of such taxes.

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6. CONTRACT BENEFITS

6.1 Contract Surrender
At any time prior to the Annuity Commencement Date, you may Surrender this Contract for its Cash
Surrender Value. You may also Surrender this Contract for its Cash Surrender Value on or after the
Annuity Commencement Date but only if you elected Payments for Life with Surrender Right and Death
Benefit. You may not Surrender this Contract for a Cash Surrender Value on or after the Annuity
Commencement Date under any other Annuity Plan. To Surrender this Contract for its Cash Surrender
Value, you must provide Notice to Us. If we receive your Notice to Us before the close of business on any
Business Day, the Cash Surrender Value will be determined at the close of business on such Business
Day; otherwise, the Cash Surrender Value will be determined as of the close of the next Business Day.
We may require that this Contract be returned to us before we pay you the Cash Surrender Value. If you
have lost the Contract, we may require that you complete and return to our Customer Service Center a lost
contract form. Upon payment of the Cash Surrender Value, this Contract will terminate and cease to have
any further value.

To calculate the Cash Surrender Value, we start with the Accumulation Value at the time of Surrender.
We subtract any charges that have been incurred but not deducted, including but not limited to, any annual
administrative charges and the pro rata portion of any MGWB Charges.

6.2 Withdrawals
At any time prior to the Annuity Commencement Date, you may withdraw a portion of the Accumulation
Value, subject to the terms and conditions stated below, by providing Notice to Us. If we receive your
Notice to Us before the close of business on any Business Day, the Withdrawal will be taken at the close
of business on such Business Day; otherwise, the Withdrawal will be taken as of the close of the next
Business Day. Unless you direct otherwise, Withdrawals will be withdrawn from all Sub-accounts on a pro
rata basis. Any Excess Withdrawal will be deemed to be a full Surrender and the Cash Surrender Value
will be paid if, at the time of the Withdrawal, the Contract Date is more than 24 months in the past and the
remaining Cash Surrender Value as of the close of that Business Day is less than $2,500.

The minimum amount that may be withdrawn at any one time is the lesser of $1,000 or the Maximum
Annual Withdrawal amount.

The Minimum Guaranteed Withdrawal Benefit (MGWB)
The Minimum Guaranteed Withdrawal Benefit is effective as of the Contract Date and guarantees that a
pre-determined amount, the MAW, may be withdrawn from the Contract annually after the Annuitant
reaches the Lifetime Withdrawal Eligibility Age regardless of market performance and even if the
Accumulation Value is zero (other than by an Excess Withdrawal or Surrender), until the date of the
Annuitant’s death (and the Annuitant’s spouse’s death in the case of a Joint and Survivor MGWB) or the
MGWB is otherwise terminated.

MGWB Base
The initial MGWB Base on the Contract Date is shown in the Contract Schedule and is based on the
Owner’s MGWB Base under the retirement plan annuity contract rolled into this Contract. Thereafter, the
MGWB Base will increase as a result of any Ratchets as described below, and may decrease due to
Withdrawal adjustments.

Ratchets
A Ratchet is an increase to the MGWB Base equal to the amount by which the Accumulation Value on the
applicable Ratchet Date is greater than the MGWB Base on such Ratchet Date. On each Ratchet Date
following the Contract Date, if the current Accumulation Value is greater than the current MGWB Base, the
MGWB Base will be set equal to the current Accumulation Value. If the Accumulation Value on the
applicable Ratchet Date is equal to or less than the MGWB Base on such Ratchet Date, no Ratchet
occurs.

Ratchet Dates are shown in the Contract Schedule. If a Ratchet Date falls on a non-Business Day, the
determination of whether a Ratchet occurs will take place on the next Business Day using the
Accumulation Value as of the close of that day.

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Lifetime Withdrawal Phase
The Lifetime Withdrawal Phase is the period under the Minimum Guaranteed Withdrawal Benefit during
which the Maximum Annual Withdrawal is calculated and is available for withdrawal. The Contract will
enter the Lifetime Withdrawal Phase of the Minimum Guaranteed Withdrawal Benefit on the date of the
first Withdrawal on or following the date the Annuitant reaches the Lifetime Withdrawal Eligibility Age as
shown in the Contract Schedule. The Contract will remain in the Lifetime Withdrawal Phase until the
earlier of:
(1) The date the Contract is Surrendered or otherwise terminated, at which time the Minimum Guaranteed
Withdrawal Benefit also is terminated;
(2) The Annuitant’s death in the case of single life MGWB, or the later of the date of the Annuitant’s death
and the Annuitant’s spouse’s death in the case of a Joint and Survivor MGWB, at which time the
Minimum Guaranteed Withdrawal Benefit will terminate and no further Minimum Guaranteed
Withdrawal Benefits will be payable (see Section 6.3 for details about spousal continuation);
(3) The Contract’s Annuity Commencement Date unless you elect the Payments for Life with Surrender
Right and Death Benefit Annuity Plan;
(4) The date the Accumulation Value is reduced to zero by an Excess Withdrawal, at which time the
Minimum Guaranteed Withdrawal Benefit will terminate and no further Minimum Guaranteed
Withdrawal Benefits will be payable; and
(5) The date the Contract enters the Lifetime Automatic Periodic Benefit Status.

Maximum Annual Withdrawal (MAW) Calculation
On the day the Contract enters the Lifetime Withdrawal Phase or on any other date the MGWB Base is
recalculated, the Maximum Annual Withdrawal (MAW) will be set equal to:
(1) The MAW percentage, as shown in the Contract Schedule, which is based on the MAW Percentage
under the retirement plan annuity contract rolled into this Contract; multiplied by
(2) The MGWB Base, after any calculations occurring on that day that would result in a change to the
MGWB Base.

The MAW is subject to downward or upward adjustment when the Lifetime Withdrawal Phase is elected at
an age that is earlier or later than the Assumed Lifetime Withdrawal Commencement Age as shown in the
Contract Schedule. The adjustment factors for early and for deferred Lifetime Withdrawal
Commencements are shown in the Contract Schedule.

If the Annuitant was receiving MAW payments under the retirement plan annuity contract at the time that
the Annuitant rolled their interest in that contract into this Contract, then the first Contract Year MAW
payments under this Contract will be adjusted to take into account the MAW payments received during the
withdrawal year prior to the rollover. The amount of the first Contract Year MAW payments under this
Contract in this circumstance will equal the sum of MAW payments remaining for the withdrawal year
under the retirement plan annuity contract at the time of the rollover, plus the pro-rata portion of the full
MAW amount for the first Contract Year under this Contract. The pro-rata portion will be based on the
period of time from the end of the withdrawal year under the retirement plan annuity contract at the time of
amounts are rolled into this Contract and the first Contract Anniversary under this Contract.

The MAW amount will be paid in monthly installments unless some other frequency of payment is
requested and agreed to by us, and the frequency of MAW installments within a Contract Year may be
changed subject to our approval. If a MAW installment is less than $100, we reserve the right to adjust
the frequency so that the installment will be at least $100.

Joint and Survivor MGWB
In the case of a Joint and Survivor MGWB, the MAW is subject to further downward adjustment by the
Joint and Survivor Equivalency Factors shown in the Joint and Survivor MGWB Option Data Table in the
Contract Schedule. The ages of the Annuitant and the Annuitant’s spouse at the time the Contract enters
the Lifetime Withdrawal Phase will be used when making this adjustment. If the Annuitant or the
Annuitant’s spouse is not alive when the Contract enters the Lifetime Withdrawal Phase, we will use the
age that the Annuitant or Annuitant’s spouse, as applicable, would have been had he or she still been
living when making this adjustment. If the Annuitant dies before he or she attains the Lifetime Withdrawal
Eligibility Age, the Contact will not enter the Lifetime Withdrawal Phase and the Annuitant’s spouse will not
be eligible to receive MAW payments until such time as the Annuitant would have reached the Lifetime
Withdrawal Eligibility Age had he or she remained alive.

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Lifetime Automatic Periodic Benefit Status
The Lifetime Automatic Periodic Benefit Status is the period during which periodic payments, called
MGWB Periodic Payments, will be paid to you. If the Accumulation Value is reduced to zero (other than
by an Excess Withdrawal or Surrender), the Contract will enter the Lifetime Automatic Periodic Benefit
Status on the date of the first MGWB Periodic Payment. The MGWB Periodic Payment is an annual
amount equal to the MAW. MGWB Periodic Payments will begin on the Contract Anniversary following the
later of the date the Accumulation Value is reduced to zero (other than by an Excess Withdrawal or
Surrender) and the date the Annuitant reaches the Lifetime Withdrawal Eligibility Age.

At the time the Accumulation Value is reduced to zero (other than by an Excess Withdrawal or Surrender),
if the MAW exceeds the Withdrawals for that Contract Year, including the Withdrawal that reduced the
Accumulation Value to zero, a payment will be paid immediately to the Owner equal to the excess of the
MAW over such Withdrawals. Thereafter, MGWB Periodic Payments will be payable on Contract
Anniversaries as described above.

When the Contract enters the Lifetime Automatic Periodic Benefit Status, the Contract is modified so that
the Contract will provide no further benefits other than as provided in connection with the Minimum
Guaranteed Withdrawal Benefit.

While in the Lifetime Automatic Periodic Benefit Status, MGWB Periodic Payments will continue to be paid
until the Annuitant’s death or, in the case of Joint and Survivor MGWB, the later of the date of the
Annuitant’s death and the death of the Annuitant’s spouse. The MGWB Periodic payment will be paid in
annual installments unless some other frequency of payment is requested and agreed to by us, and the
frequency of installments within a Contract Year may be changed subject to our approval. If a MGWB
Periodic Payment installment is less than $100, we reserve the right to adjust the frequency so that the
installment will be at least $100. After the Contract enters the Lifetime Automatic Periodic Benefit Status,
the Contract including the Minimum Guaranteed Withdrawal Benefit will terminate when the Annuitant dies
in the case of single life MGWB, or the later of the date of the Annuitant’s death and the Annuitant’s
spouse’s death in the case of a Joint and Survivor MGWB,. If MGWB Periodic Payments are disbursed
after the Annuitant’s and Annuitant’s spouse’s date(s) of death, if applicable, but before we are notified of
such death(s), the Owner or, if applicable, the Owner’s estate is obligated to return such MGWB Periodic
Payments.

Withdrawal Adjustments to MGWB Base
The amount of any Withdrawal adjustments will be calculated as follows:
(1) For any Excess Withdrawals requested, the Withdrawal adjustment to the MGWB Base will be applied
on a pro rata basis as described below; and
(2) Any Withdrawals that are not Excess Withdrawals requested while the Contract is in the Lifetime
Withdrawal Phase will have no impact to the MGWB Base.

Excess Withdrawals
On the date that any Excess Withdrawal occurs, an immediate pro rata reduction will be applied to the
MGWB Base. The proportion of any such pro rata reduction will equal:

{B – (C – A)}

Where: A is the amount of the Excess Withdrawal; B is the Accumulation Value immediately prior to the
Withdrawal; and C is the total amount of the current Withdrawal. This means the MGWB Base is reduced
by the same percentage that the Accumulation Value is reduced by the Excess Withdrawal.

Excess Withdrawals can reduce future benefits by more than the dollar amount of the Excess
Withdrawal.

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Change of Owner
Only the following ownership changes are allowed:
(1) A change of ownership pursuant to spousal continuation as set forth in the Section 6.3 below;
(2) A change of ownership from one custodian to another custodian for the benefit of the Annuitant;
(3) A change of ownership from a custodian for the benefit of the Annuitant to the Annuitant;
(4) A change of ownership from the Annuitant to a custodian for the benefit of the Annuitant;
(5) Collateral assignments; and
(6) A change of ownership executed pursuant to a court order.

Minimum Guaranteed Withdrawal Benefit Termination
The Minimum Guaranteed Withdrawal Benefit may not be cancelled unless the Contract is Surrendered or
terminated or upon election of certain annuity payment options. Termination of the MGWB will also
terminate the MGWB Charge.

The Minimum Guaranteed Withdrawal Benefit has no Surrender value or other non-forfeiture benefits upon
termination.

6.3 The Death Benefit
The Death Benefit is payable to the Beneficiary as determined under Section 3.4 if the Annuitant dies (1)
before the Annuity Commencement Date and before the Contract enters the Lifetime Automatic Periodic
Benefit Status or (2) while the Payments for Life with Surrender Right and Death Benefit Annuity Plan is in
effect and before the Contract enters Lifetime Automatic Periodic Benefit Status. Only one Death Benefit
is payable under this Contract. If there are multiple Beneficiaries, the Death Benefit will be paid in equal
shares to all primary Beneficiaries unless you previously provided Notice to Us directing otherwise.

The Death Benefit will be the Accumulation Value and will be determined as of the date we receive Proof
of Death. If we receive Proof of Death and all required claim forms on the same date, the Death Benefit
will be paid on that date.

This paragraph applies if the Payments for Life with Surrender Right and Death Benefit Annuity Plan is not
in effect at the time the Death Benefit becomes payable. If the Death Benefit becomes payable, it may be
received in a single lump sum or applied to any Annuity Plan described in Section 6.4 except the
Payments for Life with Surrender Right and Death Benefit Annuity Plan, subject to the requirements of and
time limits prescribed by Section 72(s) of the Code and the provisions of this Section 6.3 relating to
spousal Beneficiaries and non-spousal Beneficiaries. If the Death Benefit is applied to an Annuity Plan,
the Beneficiary is deemed to be the Annuitant. If the Payments for Life with Surrender Right and Death
Benefit Annuity Plan is in effect at the time the Death Benefit becomes payable, you may receive the
Death Benefit as described under that Annuity Plan in Section 6.4.

Except in the case of spousal continuation where a Joint and Survivor MGWB has been elected, the death
of the Annuitant will terminate the Minimum Guaranteed Withdrawal Benefit and, upon payment of the
Death Benefit, the Contract. In the case of spousal continuation where a Joint and Survivor MGWB has
been elected, the death of both the Annuitant and the Annuitant’s spouse, will terminate the Minimum
Guaranteed Withdrawal Benefit and, upon payment of the Death Benefit, the Contract. Upon Proof of
Death, any charges for the Minimum Guaranteed Withdrawal Benefit which are due but unpaid for any
period of time the Minimum Guaranteed Withdrawal Benefit was active and in force prior to the date of
death will be deducted or any charges for the Minimum Guaranteed Withdrawal Benefit that have been
deducted for any period of time after the date of death will be refunded.

If the Contract is in the Lifetime Automatic Periodic Benefit Status at the time of the Annuitant’s death, or in
the case of a Joint and Survivor MGWB the later of the Annuitant’s or the Annuitant’s spouse’s death, the
Minimum Guaranteed Withdrawal Benefit and the Contract will terminate.

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Spousal Beneficiaries - Continuation
In the case of a single life MGWB, if the Annuitant’s death occurs before the Annuity Commencement Date
and the Contract is not in Lifetime Automatic Periodic Benefit Status and the sole primary Beneficiary is
the deceased Annuitant’s “spouse” (as defined by federal law), upon Notice to Us from your surviving
spouse, in lieu of receiving the Death Benefit, the Contract may be continued with the surviving spouse as
the new Owner, pursuant to Section 72(s) of the Code and the following will apply:
(1) The surviving spouse will become the Annuitant;
(2) The age of the surviving spouse will be used as the Owner’s age under the continued Contract;
(3) The MGWB will terminate and may not be continued; and
(4) At the subsequent death of the new Owner/Annuitant (i.e., the surviving spouse), the Death Benefit
must be distributed as required for non-spousal Beneficiaries as stated below, after which, the
continued Contract will terminate.

In the case of a Joint and Survivor MGWB, if the Annuitant’s death occurs before the Annuity
Commencement Date and the sole primary Beneficiary is the deceased Annuitant’s “spouse” (as defined
by federal law), upon Notice to Us from the deceased Annuitant’s surviving spouse, in lieu of receiving the
Death Benefit, the Contract may be continued with the surviving spouse as the new Owner, pursuant to
Section 72(s) of the Code and the following will apply:
(1) The surviving spouse will become the Annuitant;
(2) Eligibility to enter the Lifetime Withdrawal Phase will be continue to be based on the deceased
Annuitant’s age (as if he or she were still living);
(3) The applicable MAW Percentage, as shown in the Contract Schedule, will be adjusted based on the
deceased Annuitant’s age (as if he or she were still living) and continuing spouse’s age at the time the
Lifetime Withdrawal Phase begins following continuation;
(4) MGWB Charges will resume upon the first quarterly Contract Anniversary following continuation and
will be deducted starting on the second quarterly Contract Anniversary;
(5) On the day the Contract is continued, the MGWB Base will be set equal to the MGWB Base existing at
the time of the deceased Annuitant’s death, reduced pro rata for any Withdrawals taken since the
deceased Annuitant’s death;
(6) Any Withdrawals taken in the Contract Year in which the Contract is continued will be included in
determining whether any Excess Withdrawals have been taken in that Contract Year as well as used
in calculating any pro rata reductions of the MGWB Base as described in the Section 6.2; and
(7) Calculation of the MGWB Base will resume as stated in the Section 6.2.

If the deceased Annuitant’s spouse does not choose to continue the Contract, the Minimum Guaranteed
Withdrawal Benefit will terminate and the Death Benefit will be distributed as stated below for non-spousal
Beneficiaries. If the deceased Annuitant’s spouse has attained age 90 on the date of the Annuitant’s
death, the deceased Annuitant’s spouse may not choose to continue the Contract and the Death Benefit
will be distributed as stated below for non-spousal Beneficiaries.

Non-spousal Beneficiaries
If death occurs before the Annuity Commencement Date and the Contract is not in the Lifetime Automatic
Periodic Benefit Status and the deceased Annuitant’s spouse is not a primary Beneficiary, the primary
Beneficiary will become the Annuitant, the Death Benefit will be payable to the Beneficiary, and the
following will apply:
(1) The MGWB will terminate; and
(2) The remaining interest in the Contract must be distributed to the Beneficiary:
(a) Within five years of the primary Beneficiary’s death; or
(b) Beginning within one year after the primary Beneficiary’s death:
(i) Over the life of the Beneficiary or
(ii) Over a period not greater than the Beneficiary’s life expectancy.

If any Beneficiary dies before all Death Benefit payments have been distributed, any remaining
distributions will be paid to such Beneficiary’s estate or as otherwise directed by the Beneficiary in a Notice
to Us.

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How to Claim the Death Benefit
We shall pay the Death Benefit upon our receipt of Proof of Death and all required claim forms. The
claimant should contact our Customer Service Center at the address or phone number on the first page of
this Contract for further instructions.

6.4 Annuity Payments
If the Accumulation Value is less than $2,000 or if payments would be less than $20 a month on the
Annuity Commencement Date as shown on the first page of this Contract, we will pay you or, subject to
our consent in the event the payee is not a natural person, a payee designated by you, such Accumulation
Value in one lump sum payment as directed by you and this Contract will have no further value. If the
Accumulation Value is equal to or greater than $2,000 on the Annuity Commencement Date as shown on
the first page of this Contract or as later changed as provided below and the Annuitant is living on the
Annuity Commencement Date, we will begin making Annuity Payments as described below. Upon
application of the Accumulation Value to an Annuity Plan, unless you are eligible for and elect the
Payments for Life with Surrender Right and Death Benefit Annuity Plan, this Contract will cease to have
any further value other than that provided under the Annuity Plan you elected and will terminate when
Annuity Payments cease under the Annuity Plan.

We will make Annuity Payments beginning on the Annuity Commencement Date, on a monthly basis
unless you deliver Notice to Us directing us to pay at a different frequency. However, requests for periodic
payments other than monthly, quarterly, semi-annually or annually require our consent. You may not
change the payment frequency after Annuity Payments begin.

If the day an Annuity Payment is scheduled to be paid is not a Business Day, for instance, a weekend, or
does not exist in any month in which an Annuity Payment is due, for instance a month that does not
contain twenty-nine, thirty, or thirty-one days, such Annuity Payment will be paid on the next Business
Day.

The amount applied to an Annuity Plan will be the Accumulation Value calculated as set forth in Section
5.2, less any applicable premium tax. The Annuity Payment amount will be determined by the amount
applied to the Annuity Plan you have elected.

We may apply a minimum first Annuity Payment amount as set forth in the Contract Schedule. We have
the right to change the minimums stated in the Contract Schedule, if allowed by law, based upon
increases reflected in the Consumer Price Index for All Urban Consumers (CPI-U) since January 1, 2013.

Selecting an Annuity Commencement Date
You select the Annuity Commencement Date. The Annuity Commencement Date may be any date
following the first Contract Anniversary but not later than January first on or next following the Annuitant’s
90th birthday, unless we agree to a later date. You may select an Annuity Commencement Date by
providing Notice to Us at least thirty days in advance of the date you select. If you do not select an
Annuity Commencement Date, the Annuity Commencement Date will be January first on or next following
the Annuitant’s 90th birthday.

Lifetime Income Annuity Option
On the Annuity Commencement Date if the Minimum Guaranteed Withdrawal Benefit is in effect and you
choose the Life Only Payments Annuity Plan (in the case of a single life MGWB) or the Joint and Last
Survivor Life Payments Annuity Plan (in the case of a Joint and Survivor MGWB), each which is described
below, we will pay the greater of the Annuity Payments or annual payments equal to the MAW. If you
choose any other Annuity Plan, with the exception of the Payments for Life with Surrender Right and
Death Benefit Annuity Plan described below, we will begin Annuity Payments on the Annuity
Commencement Date and no payments under the Minimum Guaranteed Withdrawal Benefit will be
payable thereafter.

ICC12 IL-IA-4030

Electing an Annuity Plan
You may elect any of the Annuity Plans described below. In addition, you may elect any other Annuity
Plan we may be offering thirty days prior to the Annuity Commencement Date, the latest date by which you
must provide your election. You may change the Annuity Plan you have elected at any time before the
Annuity Commencement Date by providing at least thirty days prior Notice to Us. Upon request, we will
send you the proper forms to elect or change the Annuity Plan. The elected Annuity Plan will become
effective when we receive satisfactorily completed forms indicating your election. Once Annuity Payments
begin, the Annuity Plan may not be changed.

If you select an Annuity Commencement Date that is earlier than the latest Annuity Commencement Date
permitted under the Contract but you do not elect an Annuity Plan by the Annuity Commencement Date,
payments, calculated based on the Annuitant’s life, will be made to you or a payee designated by you
automatically each month for a minimum of 120 months and as long thereafter as the Annuitant lives
unless otherwise limited by applicable law. If the Annuity Commencement Date is the latest date
permitted under the Contract and you have not elected an Annuity Plan, Annuity Payments will begin
under the Payments for Life with Surrender Right and Death Benefit Annuity Plan.

Your election of the Annuity Plan is subject to the following additional terms and conditions:
(1) If you do not direct otherwise, Annuity Payments will be paid to you;
(2) Our consent is necessary if the payee is not a natural person; and
(3) Any change in payee will take effect as of the date we receive Notice to Us.

If any Annuitant or payee dies on or after the Annuity Commencement Date but before all Annuity
Payments have been paid, we will pay the primary Beneficiary the remaining value of any such Annuity
Payments at least as rapidly as under the Annuity Plan that is in effect at the time of death.

The Annuity Payments received under an Annuity Plan through this Contract will not be less than the
payments that would be provided from the application of the Cash Surrender Value to a single premium
immediate annuity under the same Annuity Plan offered by us on the Annuity Commencement Date.

The Annuity Plans
(1) Payments for a Period Certain -
Annuity Payments are paid in equal installments for a fixed number of years as shown in Table A
below. The number of years cannot be less than ten or, subject to any limitations under applicable
law, more than thirty.
(2) Payments for Life with Period Certain -
Annuity Payments are paid for a fixed number of years and as long thereafter as the Annuitant is living
as shown in Table B below. However, the number of years cannot be less than ten or more than thirty
unless otherwise required by applicable law.
(3) Life Only Payments -
Annuity Payments are paid for as long as the Annuitant is living as shown in Table B below.
(4) Joint and Last Survivor Life Payments -
Annuity Payments are paid for as long as either of two Annuitants is living as shown in Table C below.
(5) Payments for Life with Surrender Right and Death Benefit -
If Annuity Payments have not commenced by the latest Annuity Commencement Date permitted under
the Contract, you may elect, in lieu of any other Annuity Plan, Annuity Payments that will begin on or
about January 25^thfollowing the Annuity Commencement Date and be paid for as long as the
Annuitant is living. Annuity Payments under this Annuity Plan will equal, on an annual calendar year
basis after the Annuity Commencement Date, the greater of:
(a) The MAW; and
(b) The Accumulation Value as of the end of the prior calendar year, determined as if the Contract
had not been annuitized, divided by the life expectancy of the Annuitant, based on the Annuitant’s
age, as determined under the Single Life Table under Treasury Regulation Section 1.401(a)(9)-9
as shown in Table D.

Under this option, the Accumulation Value will remain allocated among the available Sub-accounts as
you direct. The Owner may Surrender the Contract at any time but Withdrawals or a subsequent
election of a different Annuity Plan will not be permitted.

ICC12 IL-IA-4030

Upon the death of the Annuitant, if the Contract is not in Lifetime Automatic Periodic Benefit Status the
Beneficiary will be entitled to receive the Death Benefit, as described in Section 6.3, according to one
of the following:
(a) In a lump sum on or before the end of the calendar year in which the Annuitant’s death occurs; or
(b) Periodic payments, in the same frequency and at least as rapidly as under this Annuity Plan at the
time of death, equal to, on an annual basis as determined as of the end of the prior year
immediately preceding the Contract Year in which the payments will be made, the Accumulation
Value divided by the remaining life expectancy of the Annuitant at the time of death (or the life
expectancy of the Beneficiary at the time of the Annuitant’s death if shorter) as determined under
the Single Life Table under Treasury Regulation Section 1.401(a)(9)-9. On each December 31^st
following the first periodic payment under this distribution option, the periodic payment will be
calculated using the remaining Accumulation Value and the life expectancy factor used in
calculating the prior payment to the Beneficiary reduced by one.

To calculate the guaranteed payments for a fixed Annuity Plan, we will use the Annuitant's adjusted age
and, if applicable, the second Annuitant's adjusted age. The Annuitant's adjusted age and, if applicable,
the second Annuitant's adjusted age is the person's age as of the birthday closest to the day Annuity
Payments begin, reduced as follows:
(1) Reduced by one year for payments beginning before January 1, 2014;
(2) Reduced by two years for payments beginning during the period from January 1, 2014 through
December 31, 2023; and
(3) Starting on January 1, 2024, reduced by one additional year for payments beginning in each
succeeding ten year period.

Annuity Plan Tables
Tables A, B, and C show the minimum monthly payments for each $1,000 applied under the Annuity Plan,
assuming fixed payments with a net investment return of 1.0%, using the Annuity 2000 Mortality Tables.
We may pay a higher rate at our discretion.

In Tables B and C, the amount of each payment will depend on the Annuitant’s sex and age, as
determined by the nearest birthday, at the Annuity Commencement Date. Annuity Payments made on a
basis other than monthly and for ages or number of years not shown will be calculated on the same basis
as those shown and may be obtained from us by contacting our Customer Service Center at the address
or phone number set forth on the first page of the Contract.

Table D contains the life expectancy factors to be applied to the Annuitant Payments for Life with
Surrender Right and Death Benefit Annuity Plan.


	Table A: Monthly Payments for a Period Certain

Years		Years		Years

10	$8.75	17	$5.33	24	$3.90
11	7.99	18	5.05	25	3.76
12	7.36	19	4.81	26	3.64
13	6.83	20	4.59	27	3.52
14	6.37	21	4.40	28	3.41
15	5.98	22	4.22	29	3.31
16	5.63	23	4.05	30	3.21


Table B: Monthly Life Payments (Single Annuitant)

Annuitant’s	Life Only	Life with 10 Year Period	Life with 20 Year Period
Adjusted Age	Male/Female	Certain Male/Female	Certain Male/Female

55	3.37/3.08	3.34/3.07	3.20/2.99
60	3.89/3.52	3.82/3.49	3.55/3.34
65	4.58/4.11	4.44/4.04	3.91/3.72
70	5.54/4.93	5.20/4.75	4.22/4.10
75	6.87/6.12	6.09/5.67	4.43/4.38
80	8.72/7.88	7.00/6.71	4.54/4.53

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7. OTHER IMPORTANT INFORMATION

7.1 Reports to Owner
We will provide you a report at least once during each Contract Year. The report will show the beginning
and ending date of the report, the Accumulation Value as of the beginning and ending date of the report,
the Cash Surrender Value as of the ending date of the report, the MGWB Base and the Maximum Annual
Withdrawal, as well as, applicable amounts deducted from, or added to, the Accumulation Value since the
last report.

This report will be sent to you at your last known address within sixty days after the report date. Upon
your request, we will provide additional reports but we reserve the right to assess a charge not to exceed
$50 for each additional report. We will also provide you with copies of any shareholder reports of the
portfolios in which the Sub-accounts invest as well as any other notices, reports or documents as required
by law or regulation. You may contact us at any time to determine your Withdrawal options.

7.2 Assignment
You may assign this Contract as security for a loan or other obligation. Such an assignment is not a
change of ownership. However, your rights, and those of any Beneficiary, are subject to the terms of any
assignment. Written consent of any Irrevocable Beneficiary is required before any assignment is effective.
You shall provide Notice to Us in order to make, modify or release any assignment. An assignment will
take effect as of the date Notice to Us is signed by the Owner, unless otherwise specified by the Owner,
subject to any payments we make or actions we take prior to our receipt of such Notice to Us. We are not
responsible for the validity, or other effects, of an assignment.

7.3 Misstatement Made by Owner in Connection with the Purchase of this Contract
We may require proof of the age and/or sex of any person upon whose life the MGWB, Death Benefit or
Annuity Payments are determined. If you have misstated the age or sex of such person, we will adjust
future benefit payments to reflect those that would have been provided at the correct age or sex. We will
include in the next payment any underpayments due to such misstatement with interest credited at a rate
not to exceed 6% annually. We will deduct any overpayments, plus interest at a rate we may charge, but
not to exceed 6% annually, from future payments until the overpayment has been repaid in full.

7.4 Payments We May Defer
We may not be able to determine the value of the assets in the Sub-accounts when:
(1) The New York Stock Exchange is closed for trading; or
(2) An emergency exists as determined by the SEC so that the sale of securities held in the Separate
Account may not reasonably occur or so that we may not reasonably determine the value of the
Separate Account’s net assets.

During such times, as to amounts allocated to the Sub-accounts, we may delay:
(1) Determination and payment of the Cash Surrender Value;
(2) Determination and payment of any Death Benefit;
(3) Allocation changes of the Accumulation Value; or
(4) Application of the Accumulation Value under an Annuity Plan.

7.5 Incontestability
Except in the case of fraud, when permitted by applicable law in the state where the Contract is delivered
or issued for delivery, if the application is attached to and made a part of the Contract, this Contract shall
be incontestable after it has been in force for two years from the Contract Date.

7.6 Basis of Computation
We have filed a detailed statement of our computations with the Interstate Insurance Product Regulation
Commission. The reserves and guaranteed values will at no time be less than the minimums required by
Section 7 of the NAIC Model Variable Annuity Regulation model #250.

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7.7 Rules for Interpreting this Contract
In this Contract, headings and captions are intended for convenience in reference only and do not affect
interpretation of the Contract’s provisions. Unless the context clearly indicates otherwise:
(1) All language which implies the singular will also include the plural (and vice versa) and any words
indicating one gender will also include the other gender, as appropriate; and
(2) Where a word or phrase is given a defined meaning, any other part of speech or grammatical form of
that word or phrase will have a corresponding meaning.

7.8 Non-Waiver
We may, in our discretion, elect not to exercise a right, privilege, or option under the Contract. Such
election will not constitute a waiver of the right to exercise such right, privilege, or option at any
subsequent time, nor will it constitute a waiver of any provision in the Contract.

7.9 Conformity with Interstate Insurance Product Regulation Commission Standards
This Contract has been approved under the authority of the Interstate Insurance Product Regulation
Commission (“IIPRC”) and is issued under the IIPRC standards. Any provision of the Contract that is in
conflict with IIPRC standards on the Contract Date is hereby amended to conform to those standards for
this product type as of the provision’s effective date.

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Table C: Monthly Joint and Last Survivor Life Payments (Joint Annuitants)
Male
Adjusted
Age
Female
Adjusted	50	55	60	65	70	75	80
Age

50	$2.47	$2.55	$2.62	$2.67	$2.70	$2.72	$2.73
55	2.60	2.73	2.85	2.93	2.99	3.03	3.05
60	2.71	2.90	3.08	3.22	3.33	3.41	3.46
65	2.81	3.05	3.30	3.53	3.73	3.87	3.97
70	2.87	3.16	3.49	3.83	4.15	4.41	4.61
75	2.92	3.25	3.64	4.09	4.56	5.01	5.39
80	2.95	3.30	3.74	4.28	4.91	5.58	6.23


Table D: Single Life Table under Treasury Regulation Section 1.401(a)(9)-9

Age	Life	Age	Life	Age	Life
	Expectancy		Expectancy		Expectancy

90	5.5	98	3.4	106	1.7
91	5.2	99	3.1	107	1.5
92	4.9	100	2.9	108	1.4
				109	1.2
93	4.6	101	2.7	110	1.1
94	4.3	102	2.5	111	1.0
95	4.1
96	3.8	103	2.3
97	3.6	104	2.1
		105	1.9