If you withdraw money from your Contract within five years following your last premium payment, you will be assessed a surrender charge. The maximum surrender charge is 6% of the amount withdrawn during the first three contract years, declining down to 0% over the 5-year time period. For example, if you make an early withdrawal within the first three contract years, you could pay a surrender charge of up to $6,000 on a $100,000 investment.

If you withdraw money from your Contract within seven years following your last premium payment, you will be assessed a surrender charge. The maximum surrender charge is 6% of the amount withdrawn during the first three contract years, declining down to 0% over the 7-year time period. For example, if you make an early withdrawal within the first three contract years, you could pay a surrender charge of up to $6,000 on a $100,000 investment.

7. CHARGES – Deferred Sales Load (“Surrender Charge”)

Transaction Fees

In addition to surrender charges, you may also be charged for other transactions, such as when you exceed more than 12 unscheduled partial surrenders in a contract year or you make more than one unscheduled transfer in a contract year.

7. CHARGES – Transaction Fees

Ongoing Fees and Expenses

(annual charges)

The following part of the table describes the fees and expenses that you may pay each year, depending on the options you choose. Please refer to your data page for information about the specific fees you will pay each year based on the options you have selected.

ANNUAL FEE

MINIMUM

MAXIMUM

LOCATION IN PROSPECTUS

1. Base contract1

For applications signed on or after May 1, 2018

For applications signed on or after April 6, 2017 and before May 1, 2018

For applications signed before April 6, 2017

0.75%

1.00%

1.15%

0.75%

1.00%

1.15%

7. CHARGES – Base Contract Annual Expenses

2. Investment options (underlying mutual fund fees and expenses)2

0.45%

2.86%

APPENDIX A - INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT

3. Optional death benefit available for an additional charge3

0.35%

0.45%

7. CHARGES


1			This fee reflects the Mortality and Expense Risks Charge and Administration Charge. We assess each division with a daily charge. The annual rate of the charge is the percentage of the average daily net assets of the Separate Account divisions.


2			As a percentage of the average net underlying mutual fund assets.


3			Quarterly charge as a percentage of the average quarterly accumulated value.

Lowest and Highest Annual Cost Table

Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, this table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract,

which could add surrender charges that substantially increase costs.

LOWEST ANNUAL COST

$1,086

HIGHEST ANNUAL COST

3,361

Assumes:

● Investment of $100,000

● 5% annual appreciation

● Least expensive combination of Base Contract charge and underlying mutual fund fees and expenses

● No optional benefits

● No sales charges

● No additional premium payments, transfers or withdrawals

● Investment of $100,000

● 5% annual appreciation

● Most expensive combination of Base Contract charge, optional benefits, and underlying mutual fund fees and expenses

● No sales charges

● No additional premium payments, transfers or withdrawals

RISKS

LOCATION IN

PROSPECTUS

Risk of Loss

You can lose money by investing in this Contract.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Poor Investment Performance

Not a Short-Term Investment

This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash.

Surrender charges apply for up to five years following your last premium payment (for applications signed on or after April 6, 2017; seven years if signed earlier). These charges will reduce the value of your Contract if you withdraw money during that time.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Liquidity Risk

Risks Associated with Investment Options

• An investment in this Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract.

• Each investment option has its own unique risks.

• You should review the prospectuses for the available underlying mutual funds before making an investment decision.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT

Insurance Company Risks

An investment in the Contract is subject to the risks related to the Company. Any obligations, guarantees, or benefits are subject to the claims-paying ability of the Company. More information about the Company, including its financial strength ratings, is available upon request by calling 1-800-852-4450.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Insurance Company Risks

RESTRICTIONS

LOCATION IN

PROSPECTUS

Investments

•Limitations on Transfers – We reserve the right to charge you for each unscheduled transfer after the first unscheduled transfer in a contract year. We also reserve the right to limit transfers in circumstances where frequent transfers have been made.

•Removal or Substitution of Underlying Mutual Funds - We reserve the right to remove, close or substitute the underlying mutual funds that are available as investment options under the Contract.

8. GENERAL DESCRIPTION OF THE CONTRACT – Frequent Transfers among Divisions

8. GENERAL DESCRIPTION OF THE CONTRACT – Contract or Registrant Changes

Optional Benefits

For applications signed on or after April 6, 2017, the following optional riders were available:

For applications signed before April 6, 2017, the following optional riders were available:

Return of Premium Death Benefit; and

Annual Step-Up Death Benefit

Liquidity Max (“No Surrender Charge Rider;”)

Return of Premium Death Benefit; and

Annual Step-Up Death Benefit

10. BENEFITS AVAILABLE UNDER THE CONTRACT - Optional Death Benefit Riders

10. BENEFITS AVAILABLE UNDER THE CONTRACT - Liquidity Max

Charges for Early Withdrawals [Text Block]

Surrender Charge Phaseout Period, Years | yr

Surrender Charge (of Other Amount) Maximum [Percent]

6.00%

Surrender Charge Example Maximum [Dollars]

$ 6,000

Transaction Charges [Text Block]

Ongoing Fees and Expenses [Table Text Block]

FEES AND EXPENSES

LOCATION IN

PROSPECTUS

Charges for Early Withdrawals

For applications signed on or after April 6, 2017

For applications signed before April 6, 2017

7. CHARGES – Deferred Sales Load (“Surrender Charge”)

Transaction Fees

7. CHARGES – Transaction Fees

Ongoing Fees and Expenses

(annual charges)

ANNUAL FEE

MINIMUM

MAXIMUM

LOCATION IN PROSPECTUS

1. Base contract1

For applications signed on or after May 1, 2018

For applications signed on or after April 6, 2017 and before May 1, 2018

For applications signed before April 6, 2017

0.75%

1.00%

1.15%

0.75%

1.00%

1.15%

7. CHARGES – Base Contract Annual Expenses

2. Investment options (underlying mutual fund fees and expenses)2

0.45%

2.86%

APPENDIX A - INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT

3. Optional death benefit available for an additional charge3

0.35%

0.45%

7. CHARGES


1			This fee reflects the Mortality and Expense Risks Charge and Administration Charge. We assess each division with a daily charge. The annual rate of the charge is the percentage of the average daily net assets of the Separate Account divisions.


2			As a percentage of the average net underlying mutual fund assets.


3			Quarterly charge as a percentage of the average quarterly accumulated value.

Base Contract (of Other Amount) (N-4) Minimum [Percent]

0.75%

Base Contract (of Other Amount) (N-4) Maximum [Percent]

0.75%

Investment Options (of Other Amount) Minimum [Percent]

0.45%

Investment Options (of Other Amount) Maximum [Percent]

2.86%

Optional Benefits Minimum [Percent]

0.35%

Optional Benefits Maximum [Percent]

0.45%

Base Contract (N-4) Footnotes [Text Block]

This fee reflects the Mortality and Expense Risks Charge and Administration Charge. We assess each division with a daily charge. The annual rate of the charge is the percentage of the average daily net assets of the Separate Account divisions.

Optional Benefits Footnotes [Text Block]

Quarterly charge as a percentage of the average quarterly accumulated value.

Investment Options Footnotes [Text Block]

As a percentage of the average net underlying mutual fund assets.

Lowest and Highest Annual Cost [Table Text Block]

Lowest and Highest Annual Cost Table

which could add surrender charges that substantially increase costs.

LOWEST ANNUAL COST

$1,086

HIGHEST ANNUAL COST

3,361

Assumes:

● Investment of $100,000

● 5% annual appreciation

● Least expensive combination of Base Contract charge and underlying mutual fund fees and expenses

● No optional benefits

● No sales charges

● No additional premium payments, transfers or withdrawals

● Investment of $100,000

● 5% annual appreciation

● Most expensive combination of Base Contract charge, optional benefits, and underlying mutual fund fees and expenses

● No sales charges

● No additional premium payments, transfers or withdrawals

RISKS

LOCATION IN

PROSPECTUS

Risk of Loss

You can lose money by investing in this Contract.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Poor Investment Performance

Not a Short-Term Investment

This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Liquidity Risk

Risks Associated with Investment Options

• An investment in this Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract.

• Each investment option has its own unique risks.

• You should review the prospectuses for the available underlying mutual funds before making an investment decision.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT

Insurance Company Risks

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Insurance Company Risks

RESTRICTIONS

LOCATION IN

PROSPECTUS

Investments

•Removal or Substitution of Underlying Mutual Funds - We reserve the right to remove, close or substitute the underlying mutual funds that are available as investment options under the Contract.

8. GENERAL DESCRIPTION OF THE CONTRACT – Frequent Transfers among Divisions

8. GENERAL DESCRIPTION OF THE CONTRACT – Contract or Registrant Changes

Optional Benefits

For applications signed on or after April 6, 2017, the following optional riders were available:

For applications signed before April 6, 2017, the following optional riders were available:

Return of Premium Death Benefit; and

Annual Step-Up Death Benefit

Liquidity Max (“No Surrender Charge Rider;”)

Return of Premium Death Benefit; and

Annual Step-Up Death Benefit

10. BENEFITS AVAILABLE UNDER THE CONTRACT - Optional Death Benefit Riders

10. BENEFITS AVAILABLE UNDER THE CONTRACT - Liquidity Max

Lowest Annual Cost [Dollars]

$ 1,086

Highest Annual Cost [Dollars]

$ 3,361

Lowest Annual Cost Footnotes [Text Block]

Assumes:

● Investment of $100,000

● 5% annual appreciation

● Least expensive combination of Base Contract charge and underlying mutual fund fees and expenses

● No optional benefits

● No sales charges

● No additional premium payments, transfers or withdrawals

Highest Annual Cost Footnotes [Text Block]

Assumes:

● Investment of $100,000

● 5% annual appreciation

● Most expensive combination of Base Contract charge, optional benefits, and underlying mutual fund fees and expenses

● No sales charges

● No additional premium payments, transfers or withdrawals

Risks [Table Text Block]

Lowest and Highest Annual Cost Table

which could add surrender charges that substantially increase costs.

LOWEST ANNUAL COST

$1,086

HIGHEST ANNUAL COST

3,361

Assumes:

● Investment of $100,000

● 5% annual appreciation

● Least expensive combination of Base Contract charge and underlying mutual fund fees and expenses

● No optional benefits

● No sales charges

● No additional premium payments, transfers or withdrawals

● Investment of $100,000

● 5% annual appreciation

● Most expensive combination of Base Contract charge, optional benefits, and underlying mutual fund fees and expenses

● No sales charges

● No additional premium payments, transfers or withdrawals

RISKS

LOCATION IN

PROSPECTUS

Risk of Loss

You can lose money by investing in this Contract.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Poor Investment Performance

Not a Short-Term Investment

This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Liquidity Risk

Risks Associated with Investment Options

• An investment in this Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract.

• Each investment option has its own unique risks.

• You should review the prospectuses for the available underlying mutual funds before making an investment decision.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT

Insurance Company Risks

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Insurance Company Risks

RESTRICTIONS

LOCATION IN

PROSPECTUS

Investments

•Removal or Substitution of Underlying Mutual Funds - We reserve the right to remove, close or substitute the underlying mutual funds that are available as investment options under the Contract.

8. GENERAL DESCRIPTION OF THE CONTRACT – Frequent Transfers among Divisions

8. GENERAL DESCRIPTION OF THE CONTRACT – Contract or Registrant Changes

Optional Benefits

For applications signed on or after April 6, 2017, the following optional riders were available:

For applications signed before April 6, 2017, the following optional riders were available:

Return of Premium Death Benefit; and

Annual Step-Up Death Benefit

Liquidity Max (“No Surrender Charge Rider;”)

Return of Premium Death Benefit; and

Annual Step-Up Death Benefit

10. BENEFITS AVAILABLE UNDER THE CONTRACT - Optional Death Benefit Riders

10. BENEFITS AVAILABLE UNDER THE CONTRACT - Liquidity Max

Investment Restrictions [Text Block]

•Removal or Substitution of Underlying Mutual Funds - We reserve the right to remove, close or substitute the underlying mutual funds that are available as investment options under the Contract.

Tax Implications [Text Block]

• You should consult with a tax professional to determine the tax implications of an investment in, withdrawals from and surrenders of this Contract.

• If you purchase the Contract through a tax-qualified plan or individual retirement account (IRA), such plan or IRA already provides tax deferral under the Code and there are fees and charges in an annuity that may not be included in such other investments. The tax deferral of the annuity does not provide any additional tax benefits for such a plan or IRA.

• Premiums that are made on a pre-tax basis and earnings on your Contract are taxed at ordinary income tax rates when you withdraw them. You also may have to pay a 10% penalty tax if you take a withdrawal before age 59 1/2.

Investment Professional Compensation [Text Block]

Your financial professional may receive compensation in the form of commissions for selling this Contract to you. Your financial professional may have a financial incentive to offer or recommend this Contract over another investment.

Exchanges [Text Block]

Your financial professional may have a financial incentive to offer you a new contract in place of the one you own. You should only consider exchanging your Contract if you determine, after comparing the features, fees, and risks of both contracts, that it is in your best interest to purchase the new contract rather than continuing to own your existing Contract.

Item 4. Fee Table [Line Items]

Item 4. Fee Table [Text Block]

4. FEE TABLE

The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering or making withdrawals from the Contract. Please refer to your data page for information about the specific fees you will pay each year based on the options you have elected.

The first table describes the fees and expenses that you will pay at the time you buy the Contract, surrender or make withdrawals from the Contract, or transfer accumulated value between underlying investment options.

Transaction Expenses


Contract owner transaction expenses(1)
	Maximum	Current
Deferred Sales Load (or Surrender Charge) - as a percentage of amount surrendered(2)	6%	6%
Transaction Fees
• for each unscheduled partial surrender	the lesser of $25 or 2% of each unscheduled partial surrender after the 12th unscheduled partial surrender in a contract year	$0
• for each unscheduled transfer(3)	the lesser of $25 or 2% of each unscheduled transfer after the first unscheduled transfer in a contract year	$0
State Premium Taxes (vary by state)(4)	3.50% of premium payments made	0%

(1) For additional information about the fees and expenses described in the table, see 7. CHARGES.

(2) Surrender charge (as a percentage of amounts surrendered):

For applications signed on or after April 6, 2017


Table of surrender charges
Number of completed contract years since each premium payment was made			Surrender charge applied to all premium payments received in that contract year
0 (year of premium payment)			6%
1			6%
2			6%
3			5%
4			4%
5 and later			0%

For applications signed before April 6, 2017


Table of surrender charges
Number of completed contract years since each premium payment was made			Surrender charge applied to all premium payments received in that contract year
0 (year of premium payment)			6%
1			6%
2			6%
3			5%
4			4%
5			3%
6			2%
7 and later			0%

(3) Note that in addition to the fees shown, the Separate Account and/or sponsors of the underlying mutual funds may adopt requirements pursuant to rules and/or regulations adopted by federal and/or state regulators which require us to collect additional transaction fees and/or impose restrictions on transfers.

(4) We do not currently assess premium taxes for any Contract issued but reserve the right in the future to assess up to 3.50% of premium payments made for Contract owners in those states where a premium tax is assessed.

Annual Contract Expenses

The next table describes the fees and expenses you will pay each year during the time you own the Contract (not including underlying mutual fund fees and expenses).

If you choose to purchase an optional benefit, you will pay additional charges, as shown below.


Annual Contract Expenses
	Maximum Annual Charge	Current Annual Charge
Administrative Expenses (waived for Contracts with accumulated value of $3,000.00 or more)	The lesser of $30 or 2.00% of the accumulated value	The lesser of $30 or 2.00% of the accumulated value
Base Contract Expenses (as a percentage of average daily Separate Account value) For applications signed on or after May 1, 2018 For applications signed on or after April 6, 2017 and before May 1, 2018 For applications signed before April 6, 2017	0.75% 1.45% 1.45%	0.75% 1.00% 1.15%
Optional Benefit Expenses(1) (as a percentage of the average quarterly accumulated value) Return of Premium Death Benefit Rider For applications signed on or after April 6, 2017 For applications signed before April 6, 2017	0.50% 0.35%	0.35% 0.20%
Annual Step-up Death Benefit Rider For applications signed on or after April 6, 2017 For applications signed before April 6, 2017	0.60% 0.50%	0.45% 0.35%
Liquidity Max (not available for purchase after April 6, 2017)	0.55%	0.25%

(1) For applications signed before April 6, 2017, there also was an optional benefit called Liquidity Max. The maximum annual charge for the benefit was 0.55% of the average daily Separate Account value. For those contract owners with that benefit, their current annual charge for the benefit is 0.25% of the average daily Separate Account value.

Annual Underlying Mutual Fund Expenses

The next table shows the minimum and maximum total operating expenses charged by the underlying mutual funds that you may pay periodically during the time that you own the Contract (before any fee waiver or expense reimbursement). A complete list of the underlying mutual funds available under the Contract, including their annual expenses, may be found in APPENDIX A - INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT.


Minimum and Maximum Annual Underlying Mutual Fund Operating Expenses as of December 31, 2024
	Minimum	Maximum
Total annual underlying mutual fund operating expenses (expenses that are deducted from underlying mutual fund assets, including management fees, distribution and/or service (12b-1) fees and other expenses)	0.45%	2.86%

Example

This Example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include transaction expenses, annual Contract expenses, and annual mutual fund expenses.

The Example assumes that you invest $100,000 in the Contract for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the most expensive combination of annual mutual fund expenses and optional benefits available for an additional charge. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

If you surrender your Contract at the end of the applicable time period:

1 year

$10,229

3 years

$19,897

5 years

$27,774

10 years

$48,419

If you annuitize at the end of the applicable time period:

1 year

$4,823

3 years

$14,482

5 years

$24,157

10 years

$48,419

If you do not surrender your Contract:

1 year

$4,823

3 years

$14,482

5 years

$24,157

10 years

$48,419

Transaction Expenses [Table Text Block]

Transaction Expenses


Contract owner transaction expenses(1)
	Maximum	Current
Deferred Sales Load (or Surrender Charge) - as a percentage of amount surrendered(2)	6%	6%
Transaction Fees
• for each unscheduled partial surrender	the lesser of $25 or 2% of each unscheduled partial surrender after the 12th unscheduled partial surrender in a contract year	$0
• for each unscheduled transfer(3)	the lesser of $25 or 2% of each unscheduled transfer after the first unscheduled transfer in a contract year	$0
State Premium Taxes (vary by state)(4)	3.50% of premium payments made	0%

(1) For additional information about the fees and expenses described in the table, see 7. CHARGES.

(2) Surrender charge (as a percentage of amounts surrendered):

For applications signed on or after April 6, 2017


Table of surrender charges
Number of completed contract years since each premium payment was made			Surrender charge applied to all premium payments received in that contract year
0 (year of premium payment)			6%
1			6%
2			6%
3			5%
4			4%
5 and later			0%

For applications signed before April 6, 2017


Table of surrender charges
Number of completed contract years since each premium payment was made			Surrender charge applied to all premium payments received in that contract year
0 (year of premium payment)			6%
1			6%
2			6%
3			5%
4			4%
5			3%
6			2%
7 and later			0%

Deferred Sales Load (of Amount Surrendered), Maximum [Percent]

6.00%

Deferred Sales Load (of Amount Surrendered), Current [Percent]

6.00%

Deferred Sales Load, Footnotes [Text Block]

Surrender charge (as a percentage of amounts surrendered):

For applications signed on or after April 6, 2017


Table of surrender charges
Number of completed contract years since each premium payment was made			Surrender charge applied to all premium payments received in that contract year
0 (year of premium payment)			6%
1			6%
2			6%
3			5%
4			4%
5 and later			0%

For applications signed before April 6, 2017


Table of surrender charges
Number of completed contract years since each premium payment was made			Surrender charge applied to all premium payments received in that contract year
0 (year of premium payment)			6%
1			6%
2			6%
3			5%
4			4%
5			3%
6			2%
7 and later			0%

Annual Contract Expenses [Table Text Block]

Annual Contract Expenses

The next table describes the fees and expenses you will pay each year during the time you own the Contract (not including underlying mutual fund fees and expenses).

If you choose to purchase an optional benefit, you will pay additional charges, as shown below.


Annual Contract Expenses
	Maximum Annual Charge	Current Annual Charge
Administrative Expenses (waived for Contracts with accumulated value of $3,000.00 or more)	The lesser of $30 or 2.00% of the accumulated value	The lesser of $30 or 2.00% of the accumulated value
Base Contract Expenses (as a percentage of average daily Separate Account value) For applications signed on or after May 1, 2018 For applications signed on or after April 6, 2017 and before May 1, 2018 For applications signed before April 6, 2017	0.75% 1.45% 1.45%	0.75% 1.00% 1.15%
Optional Benefit Expenses(1) (as a percentage of the average quarterly accumulated value) Return of Premium Death Benefit Rider For applications signed on or after April 6, 2017 For applications signed before April 6, 2017	0.50% 0.35%	0.35% 0.20%
Annual Step-up Death Benefit Rider For applications signed on or after April 6, 2017 For applications signed before April 6, 2017	0.60% 0.50%	0.45% 0.35%
Liquidity Max (not available for purchase after April 6, 2017)	0.55%	0.25%

Administrative Expense, Maximum [Dollars]

$ 30

Administrative Expense, Current [Dollars]

$ 30

Annual Portfolio Company Expenses [Table Text Block]

Annual Underlying Mutual Fund Expenses


Minimum and Maximum Annual Underlying Mutual Fund Operating Expenses as of December 31, 2024
	Minimum	Maximum
Total annual underlying mutual fund operating expenses (expenses that are deducted from underlying mutual fund assets, including management fees, distribution and/or service (12b-1) fees and other expenses)	0.45%	2.86%

Portfolio Company Expenses [Text Block]

Total annual underlying mutual fund operating expenses (expenses that are deducted from underlying mutual fund assets, including management fees, distribution and/or service (12b-1) fees and other expenses)

Portfolio Company Expenses Minimum [Percent]

0.45%

Portfolio Company Expenses Maximum [Percent]

2.86%

Surrender Example [Table Text Block]

If you surrender your Contract at the end of the applicable time period:

1 year

$10,229

3 years

$19,897

5 years

$27,774

10 years

$48,419

If you annuitize at the end of the applicable time period:

1 year

$4,823

3 years

$14,482

5 years

$24,157

10 years

$48,419

If you do not surrender your Contract:

1 year

$4,823

3 years

$14,482

5 years

$24,157

10 years

$48,419

Surrender Expense, 1 Year, Maximum [Dollars]

$ 10,229

Surrender Expense, 3 Years, Maximum [Dollars]

19,897

Surrender Expense, 5 Years, Maximum [Dollars]

27,774

Surrender Expense, 10 Years, Maximum [Dollars]

$ 48,419

Annuitize Example [Table Text Block]

If you surrender your Contract at the end of the applicable time period:

1 year

$10,229

3 years

$19,897

5 years

$27,774

10 years

$48,419

If you annuitize at the end of the applicable time period:

1 year

$4,823

3 years

$14,482

5 years

$24,157

10 years

$48,419

If you do not surrender your Contract:

1 year

$4,823

3 years

$14,482

5 years

$24,157

10 years

$48,419

Annuitized Expense, 1 Year, Maximum [Dollars]

$ 4,823

Annuitized Expense, 3 Years, Maximum [Dollars]

14,482

Annuitized Expense, 5 Years, Maximum [Dollars]

24,157

Annuitized Expense, 10 Years, Maximum [Dollars]

$ 48,419

No Surrender Example [Table Text Block]

If you surrender your Contract at the end of the applicable time period:

1 year

$10,229

3 years

$19,897

5 years

$27,774

10 years

$48,419

If you annuitize at the end of the applicable time period:

1 year

$4,823

3 years

$14,482

5 years

$24,157

10 years

$48,419

If you do not surrender your Contract:

1 year

$4,823

3 years

$14,482

5 years

$24,157

10 years

$48,419

No Surrender Expense, 1 Year, Maximum [Dollars]

$ 4,823

No Surrender Expense, 3 Years, Maximum [Dollars]

14,482

No Surrender Expense, 5 Years, Maximum [Dollars]

24,157

No Surrender Expense, 10 Years, Maximum [Dollars]

$ 48,419

Item 5. Principal Risks [Line Items]

Item 5. Principal Risks [Table Text Block]

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT

This section is intended to summarize the principal risks of investing in the Contract. Additional risks and details regarding various risks and benefits of investing in the policy are described in the relevant sections of the Prospectus and SAI.

Poor Investment Performance

You can lose money by investing in this Contract, including loss of principal. An investment in this Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options you choose. You bear the risk of any decline in your Contract’s accumulated value resulting from the performance of the investment options you have chosen. Each investment option has its own unique risks. For more information about the risks of investing in a particular underlying mutual fund see that fund’s prospectus, which you should review before making an investment decision. To see the funds' prospectus, go to the following website: www.principal.com/PivotSeriesReport.

Liquidity Risk

This Contract is not suitable as a short-term savings vehicle and is not appropriate if you need ready access to cash. The benefit of tax deferral are better for investors with long time horizons. Surrender charges apply for up to five years after your last premium payment (seven years for applications signed before April 6, 2017) and these charges will reduce the value of your Contract if you withdraw money during that time. Taking withdrawals could substantially reduce or even terminate the benefits available under the Contract. There also may be adverse tax consequences if you take early withdrawals from the Contract.

Defined Outcome Funds Risk

Certain underlying fund(s) employ a strategy to provide downside (buffer) protection but the fund(s) also have limited participation in upside returns over a defined outcome period. The fund(s) usually have “Buffer” in the name of the fund. The buffer funds included in this Contract are PVC U.S. LargeCap Buffer S&P 500 Index April Account, PVC U.S. LargeCap S&P 500 Index Buffer January Account, PVC U.S. LargeCap S&P 500 Index Buffer July Account, and PVC U.S. LargeCap S&P 500 Index Buffer October Account. The buffer funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. These strategies could limit the upside participation of the buffer fund in rising equity markets relative to other funds. The buffer provides limited protection in the event of a market downturn. The buffer, outcome period and FLEX Options and their accompanying risks are summarized below. These underlying mutual funds are not available in the state of New York. These underlying mutual funds may not be available through all broker-dealers.

Buffer Loss Risk

There can be no guarantee that the buffer fund will be successful in its strategy to provide buffer protection against Index losses if the Index decreases over the Outcome Period by 10% or less. An investor may lose his or her entire investment. The buffer fund’s strategy seeks to deliver returns that match the Index (but will be less than the Index due to the cost of the options used by the buffer fund), while limiting downside losses, if shares are bought on the day on which the buffer fund enters into the options and held until those options expire at the end of each Outcome Period. In the event shares are purchased after the date on which the options were entered into or shares are redeemed prior to the expiration of the options, the buffer that the buffer fund seeks to provide may not be available. The buffer fund does not provide principal protection, and an investor may experience significant losses on its investment, including the loss of its entire investment.

Outcome Period Risk

The buffer funds seek to match the performance of an index, before the deduction of expenses and subject to the buffer, only if buffer fund shares are held on the first day of the Outcome Period and continues to be held until the last day of the Outcome Period. If the shares are redeemed before the end of the Outcome Period, you may experience investment returns very different from those contracts where the shares are held through the end of the Outcome Period and different from what the fund seeks to provide, including potentially a loss of some or all of your investment. In particular, you will not receive the same amount of protection against losses from the buffer feature if you redeem before the last day of the Outcome Period, and you might lose some or all of your investment.

FLEX Options Risk

The buffer fund may invest in FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (“OCC”). The buffer fund bears the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. If the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the buffer fund could incur significant losses. Additionally, FLEX Options may be illiquid if trading in the FLEX Options is limited or absent and, in such cases, the buffer fund may have difficulty closing out certain FLEX Options positions at desired times and prices, decreasing the value of the FLEX Options. There is no guarantee that a liquid secondary trading market will exist for FLEX Options, and a less liquid trading market may adversely impact the value of FLEX Options. The buffer fund intends to treat any income it may derive from the FLEX Options as “qualifying income” under the provisions of the Internal Revenue Code applicable to regulated investment companies (“RICs”). In addition, based upon language in legislative history, the buffer fund intends to treat the issuer of the FLEX Options as the referenced asset for diversification purposes. If the income is not qualifying income or the issuer of the FLEX Options is not appropriately the referenced asset, the buffer fund could lose its own status as a RIC.

For more information on the available buffer fund and to help you determine if investment in the fund is right for you, please see the fund's prospectuses at the following website: www.principal.com/PivotSeriesReport.

Fees and Charges

We reserve the right to increase the fees and charges under the Contract up to the maximum guaranteed fees and charges stated in the prospectus.

Alternatives to the Contract

Other contracts or investments may provide more favorable returns or benefits than the Contract.

Potentially Harmful Transfer Activity

This Contract is not designed as a vehicle for market timing. Accordingly, your ability to make transfers under the Contract is subject to limitation if we determine, in our sole opinion, that the exercise of that privilege may disadvantage or potentially hurt the rights or interests of other contract owners. We have limitations and restrictions on transfer activity, which we apply to all owners of the Contract without exception. (See 8. GENERAL DESCRIPTION OF THE CONTRACT - Frequent Transfers among Divisions).

Tax Law Changes

The tax risk associated with your Contract includes the possibility of a change in the federal income tax laws that apply to your Contract, or of the current interpretations of the laws by the IRS, which could have retroactive effects regardless of the date of enactment or publication.

Insurance Company Risks

An investment in the Contract is subject to the risks related to the Company, including that any obligations, guarantees, or benefits are subject to the claims-paying ability of the Company. If the Company isn't able to meet its obligations to creditors, it is possible that the Company's obligations to you under this Contract may not be satisfied. More information about the Company, including its financial strength ratings, can be found by visiting www.principal.com.

Risks Affecting Our Administration of Your Contract

Our operations and/or the activities and operations of our service providers and business partners are subject to certain risks that are beyond our control, including systems failures, cyber-attacks, and pandemics (and similar events). These risks are not unique to the Company and they could materially impact our ability to administer the Contract.

The Company is highly dependent upon its computer systems and those of its business partners. This makes the Company potentially susceptible to operational and information security risks resulting from a cyber-attack. These risks include direct risks, such as theft, misuse, corruption and destruction of data maintained by the Company, and indirect risks, such as denial of service attacks on service provider websites and other operational disruptions that impede our ability to electronically interact with service providers. Operational disruptions and system failures also could occur based on other natural or man-made events, which could have similar impacts on your Contract. These security risks may also impact the underlying mutual fund companies, which may cause the underlying mutual funds to lose value. Although we make substantial efforts to protect our computer systems from these security risks, including internal processes and technological defenses that are preventative or detective, and other controls designed to provide multiple layers of security assurance, there can be no guarantee that we, our service providers, or the underlying mutual funds will avoid losses affecting contracts such as the security incidents described above.

If your Contract is adversely affected as a result of the failure of our cyber-security controls, we will take reasonable steps to restore your Contract.

Item 10. Benefits Available [Line Items]

Benefits Available (N-4) [Text Block]

10. BENEFITS AVAILABLE UNDER THE CONTRACT

The following tables summarize information about the benefits available under the Contract.

Name of Benefit

Purpose

Is Benefit Standard or Optional

Maximum Fee

Current Fee

Brief Description of Restrictions/ Limitations

Flexible Pension Builder Rider (f/k/a Deferred Income Rider)

Allows owner to make deferred income transfers during accumulation phase to purchase future deferred income payments.

Standard when:

• Owner and annuitant are same; and

• Contract doesn’t have joint owners or joint annuitants; and

• For qualified contract, issue age is less than 67.

No Additional Fee

•Can’t make deferred income transfers until after second Contract anniversary.

•Minimum initial deferred transfer: $5,000.

•Minimum subsequent deferred transfer(s): $1,000.

•For other limitations, see Flexible Pension Builder Rider in this section.

Standard Death Benefit

Beneficiaries receive this death benefit upon death of owner if an optional death benefit was not purchased.

Standard

No Additional Fee

Withdrawals could significantly reduce the benefit.

Name of Benefit

Purpose

Is Benefit Standard or Optional

Maximum Fee

Current Fee

Brief Description of Restrictions/ Limitations

Return of Premium Death Benefit

For applications signed on or

after April 6, 2017

For applications signed before

April 6, 2017

Potential for larger death benefit than the standard death benefit

Optional

0.50%

(of the average quarterly accumulated value)

0.35%

(of the average quarterly accumulated value)

0.35%

(of the average quarterly accumulated value)

0.20%

(of the average quarterly accumulated value)

Certain age limitations apply. See Death Benefit in this section.

Annual Step-Up Death Benefit

For applications signed on or

after April 6, 2017

For applications signed before

April 6, 2017

Potential for larger death benefit than the standard death benefit

Optional

0.60%

(of the average quarterly accumulated value)

0.50%

(of the average quarterly accumulated value)

0.45%

(of the average quarterly accumulated value)

0.35%

(of the average quarterly accumulated value)

Certain age limitations apply. See Death Benefit in this section.

Automatic Portfolio Rebalancing

Allows you to maintain a specific percentage of your Separate Account division value in specified divisions over time.

Standard

No Additional Fee

Can be elected quarterly, semi-annually or annually.

Name of Benefit

Purpose

Is Benefit Standard or Optional

Maximum Fee

Current Fee

Brief Description of Restrictions/ Limitations

Dollar Cost Averaging

Allows for automatic scheduled transfers (at your direction) of specific amounts from any underlying mutual fund to any combination of underlying mutual funds at regular intervals.

Standard

No Additional Fee

•Transfer date cannot be on the 29th, 30th or 31st.

•Transfers must be monthly, quarterly, semi-annually or annually.

•You must provide us notice when you want to stop the scheduled transfers.

Waiver of Surrender Charge Rider

Waives surrender charges in the event of a critical need.

Standard

No Additional Fee

Following conditions must be met:

•Owner or Annuitant has “critical need” as defined in prospectus; and

•Critical need did not exist before contract date.

Flexible Pension Builder Rider

The Flexible Pension Builder Rider is automatically issued at no additional cost when:

•the owner and annuitant are the same (except for a non-natural owner);

•the Contract does not have joint owners and/or joint annuitants; and

•for qualified contracts, the issue age is less than 67.

This rider allows you to move all or a portion of your accumulated value to a deferred income payment option, which provides you a stream of income payments starting on the income start date. You may not make any deferred income transfers until after the second Contract anniversary. Deferred income transfers are not subject to surrender charges.

Before making deferred income transfers, you should consider your liquidity needs because deferred income transfers cannot be surrendered; those amounts are accessible only through the future stream of fixed income payments created by deferred income transfers.

When a deferred income transfer is made, amounts in your Contract are moved from the Separate Account divisions to the General Account. With the amounts in the Separate Account divisions, you receive the benefit of investment gain or risk of investment loss rather than the Company. The deferred income transfers are maintained in our General Account and are guaranteed solely by the claims-paying ability of Principal Life Insurance Company.

While we guarantee future deferred income payments based on amounts transferred to the Flexible Pension Builder Rider and a variety of other factors, as described in this prospectus, we do not guarantee that the deferred income payments will be sufficient to provide you with a secure retirement. The level of deferred income payments necessary to secure your future is a subjective determination that only you, in conjunction with your financial professional, can make. As a result, we strongly recommend that you consult with your financial professional when determining the amount and timing of the deferred income transfers.

Flexible Pension Builder Rider Terms

We use the following definitions to describe the features of this rider.

deferred income death benefit - death benefit payable under the Flexible Pension Builder Rider if death occurs prior to the income start date. This death benefit equals the total of deferred income transfers made unless the Roll-up Death Benefit (f/k/a Annual Increase Death Benefit) is elected. If you elect the Roll-up Death Benefit, each deferred income transfer is accumulated at the annual interest rate you elect at the time of the first deferred income transfer. Interest is credited on a daily basis and compounded annually. Interest is credited starting on the date of each deferred income transfer and stops accruing on the date of death.

deferred income payment option - an option under which deferred income payments are made in accordance with the provisions of the rider. The list of available options is set forth in the deferred income payment options provision. The deferred income payment option is elected at the time of the initial deferred income transfer request. After the initial deferred income transfer has been processed and the 10 day cancellation period has expired, the deferred income payment option cannot be changed.

deferred income transfers - moving a portion of your accumulated value to purchase a deferred income payment.

designated payee - the person(s) you name to receive deferred income payments. In the absence of a named designated payee, you will receive the deferred income payments.

deferred income payment - the periodic amount payable by us under the rider.

inactive contract status - this status applies when at least one deferred income transfer has been made and the Contract accumulated value is reduced to zero. Except for the Flexible Pension Builder Rider and its benefits, all other rights and benefits under the Contract (including death benefits) end, and no additional premium payments will be accepted.

income start date - the date deferred income payments begin. You select the income start date at the time of your initial deferred income transfer request. The income start date must be at least 13 contract months after the last deferred income transfer is made and can be no later than the earlier of: (a) 30 years from your initial deferred income transfer; or (b) age 95 (for non-qualified) or age 72 (for qualified).

remaining guaranteed benefit - the benefit, if any, to be paid if the annuitant dies after the income start date. The remaining guaranteed benefit, if any, is described in the applicable deferred income payment option.

Deferred Income Transfers

If your contract includes the Flexible Pension Builder Rider, you may make deferred income transfers. Deferred income transfer amounts are used to determine the amount of the deferred income payments.

•Deferred income transfers will be treated as partial surrenders under the contract.

•Deferred income transfers are not subject to surrender charges and neither federal nor state income taxes are withheld; however, deferred income transfers are subject to applicable premium taxes.

•Deferred income transfers are not allowed during the first two contract years.

•You cannot make deferred income transfers if there are joint owners and/or joint annuitants.

•You can make deferred income transfers only when the owner and annuitant are the same (except for a non-natural owner, in which case they can be different).

•If there is an ownership change after deferred income transfers have been made, no additional deferred income transfers can be made.

•Deferred income transfer amounts are calculated using the price next determined after we receive your request in good order.

•Minimum initial deferred income transfer is $5,000 and $1,000 for each subsequent deferred income transfer.

•Maximum number of deferred income transfers is 15 per year and 125 total for the life of the Contract.

•The deferred income transfers may be canceled within 10 days after receipt of the deferred income confirmation. After these 10 days, you cannot access these amounts except through receipt of the future stream of income payments under the deferred income payment option you elected. The deferred income transfers are maintained in the Company’s General Account and are guaranteed solely by the claims paying ability of the Company.

Initial Deferred Income Transfer

The initial deferred income transfer cannot be made prior to the second Contract anniversary and must meet the deferred income transfer limits. At the time of the initial deferred income transfer, you will select the deferred income payment option, the frequency of deferred income payments, and the income start date. At this time, you may also select one of the optional cost of living adjustment features described later in this section. The deferred income payments will be based on the annuitant under the Contract at the time of the initial deferred income transfer. Unless the initial deferred income transfer is canceled as described in this section, the annuitant cannot be changed once the initial deferred income transfer has been made.

Subsequent Deferred Income Transfers

You may make one or more deferred income transfers after the initial deferred income transfer; however, all deferred income transfers must occur at least 13 contract months prior to the income start date. For each additional deferred income transfer after the initial deferred income transfer, we will use the then current purchase rates to determine the additional deferred income payment amount. However, deferred income payments purchased by additional deferred income transfers will not be less than those that would be purchased for any paid-up deferred annuity contract we offer at the same time to the same class of annuitants.

Deferred income transfers made after the initial deferred income transfer will not change the income start date, the deferred income payment option, or the frequency of deferred income payments.

Deferred Income Transfer Cancellation Period

When you make a deferred income transfer, we will provide written acknowledgement of the deferred income transfer amount. This acknowledgement will include the amount of the deferred income transfer, the amount by which the deferred income payment increased, the deferred income payment option and income start date. Within 10 days after you receive the acknowledgment, you may cancel the additional deferred income transfer. If a deferred income transfer is canceled, we will allocate that deferred income transfer amount to the investment options according to the premium allocation instructions on file or as you instruct us. The deferred income transfer amount will be allocated to the investment options on the next valuation period after your cancellation request is received in good order. If you cancel a deferred income transfer, you may not make another deferred income transfer for 90 days from the date that the deferred income transfer was canceled.

Inactive Contract Status (only for contracts with the Flexible Pension Builder Rider)

In the event that the Contract accumulated value reduces to zero, and deferred income transfers have been made, the Flexible Pension Builder Rider benefits will continue, but all other rights and benefits under the Contract (including the death benefits) will end, and no additional premium payments will be accepted.

Income Start Date

Deferred income payments will begin on the income start date you select. The income start date must be at least 13 contract months after the last deferred income transfer is made and can be no later than the earlier of: (a) 30 years from your initial deferred income transfer; or (b) age 95 (for non-qualified) or age 72 (for qualified).

Income Start Date Change

While this rider is in force and prior to the initial income start date, you may make a one-time election to change the original income start date. The original income start date may be accelerated or deferred. If the income start date is accelerated, the new income start date must be within 5 contract years prior to the original income start date but no earlier than 13 contract months after the last deferred income transfer. If the income start date is deferred, the new income start date must be within the earlier of (a) 5 contract years after the original income start date; or (b) age 95 (for non-qualified) or age 72 (for qualified).

To accelerate the income start date, your election must be made at least 60 days prior to the new income start date. To defer the income start date, your election must be made at least 60 days prior to the original income start date. The change will be effective on the date we receive your notice.

If you change the income start date, future deferred income payments will also change. A change to an earlier date may result in a decrease in the deferred income payment amount and a change to a later date may result in an increase in the deferred income payment amount. Deferred income payments will be adjusted based on the mortality table, interest rate, and interest rate change adjustment shown on the data page such that the current value of the new deferred income payments with the new income start date is equivalent to the value of the original deferred income payments with the original income start date.

Deferred income payments adjusted because of an income start date change will comply with IRS required minimum distribution rules.

An income start date change will not change the deferred income payment option or the frequency of deferred income payments.

Deferred Income Payments

If the annuitant is alive on the income start date, we will begin paying deferred income payments to you or your designated payee.

Deferred income payments are based on:

1.The deferred income transfers made;

2.The income start date you selected;

3.The deferred income payment option and the frequency of deferred income payments you elected;

4.The annuitant's gender (unless not permitted under applicable unisex laws) and attained age for each deferred income transfer made; and

5.The current interest rate environment for each deferred income transfer made.

The amount of your deferred income payment will be provided in a confirmation after each deferred income transfer.

It is possible that the deferred income payment amount you will receive may be higher or lower than the amount you might receive if you purchased a similar product offered by us or by another company. When making a deferred income transfer, you should consider payment amounts for similar products, as well as your future income needs, contract terms, the claims paying ability of the insurance company and your tax situation.

Deferred Income Payment Options

You may elect to receive deferred income payments from one of the following deferred income payment options.

SINGLE LIFE INCOME: Beginning on the income start date, we will pay the deferred income payment, at the frequency you elect, as long as the annuitant is alive. The deferred income payment will end with the payment just before the annuitant’s death. There is no remaining guaranteed benefit payable under this deferred income payment option when the annuitant dies.

SINGLE LIFE INCOME WITH GUARANTEED PERIOD: Beginning on the income start date, we will pay the deferred income payment, at the frequency you elect, as long as the annuitant is alive. You may select a guaranteed period between 5 and 30 years. The deferred income payment will end with the payment just before the annuitant’s death. If the annuitant dies after the income start date but before the end of the guaranteed period, we will pay the remaining guaranteed benefit. The remaining guaranteed benefit is the continuation of the deferred income payment, at the same frequency until the end of the guaranteed period. If a shorter period is required by law, we will pay a commuted value at the end of that shorter period.

SINGLE LIFE INCOME WITH CASH REFUND: Beginning on the income start date, we will pay the deferred income payment, at the frequency you elect, as long as the annuitant is alive. The deferred income payment will end with the payment just before the annuitant’s death. If the annuitant dies after the income start date and the total of all deferred income payments received is less than the total of all deferred income transfers made since the contract issue date, we will pay the remaining guaranteed benefit. The remaining guaranteed benefit is paid as a lump sum and is the total of all deferred income transfers made since the contract issue date less the total of all deferred income payments received since the income start date.

SINGLE LIFE INCOME WITH INSTALLMENT REFUND: Beginning on the income start date, we will pay the deferred income payment, at the frequency you elect, as long as the annuitant is alive. The deferred income payment will end with the payment just before the annuitant’s death. If the annuitant dies after the income start date and the total of all deferred income payments received is less than the total of all deferred income transfers made since the contract issue date, we will pay the remaining guaranteed benefit. The remaining guaranteed benefit is the continuation of the deferred income payment at the same frequency until the total of all deferred income payments made since the income start date equals the total of all deferred income transfers received since the contract issue date. If the period required to pay the remaining guaranteed benefit is longer than allowed by law, we will pay a commuted value at the end of that shorter period.

FIXED PERIOD INCOME: Beginning on the income start date, we will pay the deferred income payment for the term of the fixed period, at the frequency you elect, as long as the annuitant is alive. The deferred income payment will end with the payment just before the annuitant’s death. If the annuitant dies after the income start date but before the end of the guaranteed period, we will pay the remaining guaranteed benefit. The remaining guaranteed benefit is the continuation of the deferred income payment, at the same frequency until the end of the guaranteed period. If a shorter period is required by law, we will pay a commuted value at the end of that shorter period.

Deferred Income Payment Advancement

The deferred income payment advancement feature is not available prior to the income start date. Advanced deferred income payments are only available if deferred income payments are being paid monthly and the contract is not subject to required minimum distribution rules established under the Internal Revenue Service.

After the income start date, you may elect to receive a lump sum payment of up to six deferred income payments in advance by providing notice to us. You will not receive deferred income payments during the months for which payments have been advanced.

You may receive advanced deferred income payments in a lump sum four times during the life of the contract. Monthly deferred income payments must resume before you will be allowed to exercise this option again.

If the annuitant dies before monthly deferred income payments resume, any advanced deferred income payments that would not have been paid after the death of the annuitant must be returned to us.

Please consult a tax advisor about any possible tax consequences before you exercise this option.

Optional Cost of Living Adjustment Features

At the time of the initial deferred income transfer, you may elect one of the optional cost of living adjustment features in this section. This election will apply to all deferred income transfers and cannot be changed. After the income start date, these features allow for potential increases to the deferred income payment amounts you receive. While there is no charge for these features, the election of either of these features will result in a lower deferred income payment in the early years that deferred income payments are made than if you had not elected the feature.

Optional CPI-U Based Adjustment

At the time of the initial deferred income transfer, you may elect a deferred income payment adjustment based on the all-item Consumer Price Index for All Urban Consumers (CPI-U), as published by the United States Department of Labor. If you elect the optional CPI-U based adjustment feature, you may not elect the optional fixed percentage adjustment feature described in this section.

If you elect this optional feature, on each anniversary of the income start date, we will determine a new deferred income payment equal to:

1.The deferred income payment on the income start date, multiplied by

2.The CPI-U value for the month that is three calendar months preceding the current anniversary of the income start date, divided by

3.The CPI-U value for the month that is three calendar months preceding the income start date.

If the new deferred income payment would be less than the current deferred income payment, no change will be made.

If the originally published CPI-U value for any month is later revised, we will not recalculate the value.

We reserve the right to substitute what we believe is an appropriate index for the CPI-U if:

1.The CPI-U is discontinued, delayed, or otherwise not available for this use; or

2.The composition or base of, or method of calculating, the CPI-U changes so that we consider it not appropriate for calculating future changes.

Optional Fixed Percentage Adjustment

At the time of the initial deferred income transfer, you may elect an annual deferred income payment adjustment based on a fixed percentage. You may elect a fixed percentage between 1% and 5% (whole percentages only) on which the adjustment will be based. Once elected, the fixed percentage is set and may not be changed. If you elect the optional fixed percentage adjustment feature, you may not elect the optional CPI-U based adjustment feature previously described.

If you elect this optional feature, on each anniversary of the income start date, the deferred income payment will increase by the fixed percentage you elected. On each anniversary of the income start date, the deferred income payment for that year equals the prior year’s deferred income payment multiplied by (1 + the fixed percentage).

Death Provisions of the Flexible Pension Builder Rider

Death Occurs Prior to the Income Start Date

Prior to the income start date, upon the death of the owner who is also the annuitant and causes a death benefit to be payable under the Contract, this rider terminates and any deferred income death benefit will be added to the death benefit provided under the Contract. If the spouse continues the Contract, the rider also terminates and any deferred income death benefit will be added to the death benefit provided under the Contract and will be credited to the investment options in accordance with the then current premium allocation instructions under the Contract.

Prior to the income start date, upon the death of an owner who is not also the annuitant, this rider terminates and the deferred income death benefit will be added to the death benefit otherwise provided under the Contract. However, if the spouse continues the Contract, the deferred income death benefit is not payable and the benefits under this rider will continue.

Prior to the income start date, upon the death of the annuitant who is not also the owner and does not cause a death benefit to be payable under the Contract, this rider terminates. Any deferred income death benefit will be added to the death benefit otherwise provided under the Contract and will be credited to the investment options in accordance with the then current premium allocation instructions under the Contract.

Prior to the income start date, upon the death of the annuitant who is not also the owner and causes a death benefit to be payable under the Contract (non-natural owner), this rider terminates. Any deferred income death benefit will be added to the death benefit otherwise provided under the Contract.

In the event a death benefit is paid under this rider prior to the income start date and the accumulated value of the Contract is zero, any death benefit payable under this rider will be paid to any beneficiary(ies) in a lump sum.

Death Occurs After the Income Start Date

Upon the death of the annuitant on or after the income start date, deferred income payments will stop unless such death occurs prior to the deferred income payment guaranteed period end date or there is a remaining guaranteed death benefit. In that case, deferred income payments will continue to be paid to the designated beneficiary as described in the applicable deferred income payment option provision.

Upon the death of an owner on or after the income start date, any remaining portion of the interest in the deferred income payments will be distributed at least as rapidly as under the method of distribution used as of the date of death.

Notice of Death

We must be notified immediately of the death of any owner(s) and any annuitant(s). We are entitled to immediately recover any overpayment made because of failure to give us immediate notice of any such death. We are not responsible for any misdirected payments which result from a failure to immediately notify us of any such death.

Summary Report

When deferred income transfers have been made, at least once a year, we will send you a summary of the contract activity and values, including the following information:

1.The beginning and end dates of the current period;

2.The deferred income transfers made, by date received;

3.The deferred income payment purchased by each deferred income transfer during the current period;

4.The income start date;

5.The deferred income payment option; and

6.The amount of the deferred income death benefit, if any, at the end of the then current period.

Additional summaries will be provided to you upon request. Any charge associated with providing additional summaries will not exceed $25.00.

Termination

This rider will terminate when one of the following occurs:

1.The contract terminates; or

2.Upon a death that results in termination of this rider, as described in the Death Provisions of the Deferred Income Rider.

Delay of Deferred Income Transfer

Deferred income transfers are generally completed within seven calendar days after our receipt of your request. However, a deferred income transfer may be deferred during any period when the right to sell mutual fund shares is suspended as permitted under provisions of the Investment Company Act of 1940 (as amended).

The right to sell shares may be suspended during any period when:

•trading on the NYSE is restricted as determined by the SEC or when the NYSE is closed for other than weekends and holidays; or

•an emergency exists, as determined by the SEC, as a result of which:

•disposal by a mutual fund of securities owned by it is not reasonably practicable;

•it is not reasonably practicable for a mutual fund to fairly determine the value of its net assets; or

•the SEC permits suspension for the protection of security holders.

If a deferred income transfer is delayed, the deferred income transfer will be processed on the first valuation date following the expiration of the permitted delay unless we receive your written instructions to cancel your deferred income transfer. Your written instruction must be received in the home office prior to the expiration of the permitted delay. The transaction will be completed within seven business days following the expiration of a permitted delay.

Flexible Pension Builder Rider Example

Initial (and only) premium payment = $100,000

Annual returns on underlying investments in divisions during life of Contract = 5.00%

Dollar amount of partial surrenders from Contract (not including the deferred income transfers) during first ten contract years: $0.00

Contract Owner makes a one-time lump sum deferred income transfer of $50,000 into Flexible Pension Builder Rider on August 31 after owning Contract for five years. Elects to begin receiving monthly annuity payments from the Flexible Pension Builder Rider two years from date owner made the deferred income transfer.

Contract fully liquid accumulated value immediately before the deferred income transfer: $127,628

Contract fully liquid accumulated value immediately after the deferred income transfer: $77,628

Contract Owner will receive:

Guaranteed income amount from the Flexible Pension Builder Rider, which is based on: Owner’s gender (where allowed), age, income option, income start date, current interest rates, state of residence.

Death Benefit

This Contract provides a death benefit upon the death of the owner. The Contract will not provide death benefits upon the death of an annuitant unless the annuitant is also an owner or the owner is not a natural person. If you have a Flexible Pension Builder Rider and have made at least one deferred income transfer, your death benefits will differ. For more information, see Flexible Pension Builder Rider in this section.

Before the annuitization date, you may give us written instructions for payment under a death benefit option. If we do not receive your instructions, a death benefit is paid according to instructions from the beneficiary(ies). The beneficiary(ies) may elect to apply a death benefit under an annuity benefit payment option or receive a death benefit as a single payment. Generally, unless the beneficiary(ies) elects otherwise, we pay a death benefit in a single payment, subject to proof of your death.

No surrender charge applies when a death benefit is paid.

If the owner dies before the annuitization date, a death benefit is payable. The death benefit may be paid as either a single payment or under an annuity benefit payment option. If no election is made within the required period of time, the full amount will be paid in a lump sum to the applicable state. Once the money is paid to the applicable state, the beneficiary will have to contact the state to request additional assistance.

If the annuitant dies after the annuitization date, payments will continue only as provided by the annuity benefit payment option in effect.

The following tables illustrate the various situations and the resulting death benefit payment if death occurs before the annuitization date and while the accumulated value is greater than zero.


If you die and...	And...	Then...
You are the sole owner	Your spouse is not named as the sole primary beneficiary	The beneficiary(ies) receives the death benefit under the Contract. If a beneficiary dies before you, upon your death we will make equal payments of that beneficiary's portion to the surviving beneficiaries unless you provided us with other written instructions. If no beneficiary(ies) survives you, the death benefit is paid to your estate in a single payment. Upon your death, only your beneficiary’s(ies’) right to the death benefit will continue; all other rights and benefits under the Contract will terminate.


If...	And...	Then...
You are the sole owner	Your spouse is named as the sole primary beneficiary	Your spouse may either a. continue the Contract; or b. receive the death benefit under the Contract. If a beneficiary dies before you, upon your death we will make equal payments of that beneficiary's portion to the surviving contingent beneficiaries unless you provided us with other written instructions. If no beneficiary(ies) survives you, the death benefit is paid to your estate in a single payment. Unless your spouse elects to continue the Contract, only your spouse’s right to the death benefit will continue; all other rights and benefits under the Contract will terminate. If you elected one of the optional death benefit riders, the rider will terminate at the original owner's death.
You are a joint owner	The surviving joint owner is not your spouse	The surviving owner receives the death benefit under the Contract. Upon your death, only the surviving owner’s right to the death benefit will continue; all other rights and benefits under the Contract will terminate.
You are a joint owner	The surviving joint owner is your spouse	Your spouse may either a. continue the Contract; or b. receive the death benefit under the Contract. Unless your surviving spouse owner elects to continue the Contract, upon your death, only your spouse’s right to the death benefit will continue; all other rights and benefits under the Contract will terminate. If you elected one of the optional death benefit riders, the rider will terminate at the death of the first owner to die.
If the annuitant dies	The owner is not a natural person	The beneficiary(ies) receives the death benefit under the Contract. If a beneficiary dies before the annuitant, upon the annuitant’s death we will make equal payments of that beneficiary's portion to the surviving beneficiaries unless the owner provided us with other written instructions. Upon the annuitant’s death, only the beneficiary’s(ies’) right to the death benefit will continue; all other rights and benefits under the Contract will terminate.

Payment of Death Benefit

The death benefit is usually paid within five business days of our receiving all required documents (including proof of death) to process the claim. Payment is made according to benefit instructions provided by you. Some states require this payment to be made in less than five business days. Under certain circumstances, this payment may be delayed (see 16. ADDITIONAL INFORMATION ABOUT THE CONTRACT - Delay of Payments).

NOTE: Proof of death includes: a certified copy of a death certificate; a certified copy of a court order; a written statement by a medical doctor; or other proof satisfactory to us.

The accumulated value remains invested in the divisions until the valuation period during which we receive the required documents. If more than one beneficiary is named, only one beneficiary must provide a document showing proof of death. Each beneficiary’s portion of the Contract death benefit (not including any deferred income death benefit) remains invested in the divisions until the valuation period during which we receive the required documents. A beneficiary will be paid at the time he or she provides the required documents, including a claim form. Unless otherwise required by law, we pay interest on the death benefit from the first day the accumulated value is no longer invested in the divisions until payment is made. After payment of all of the death benefit (including any applicable interest), the Contract is terminated. However, if deferred income transfers have been made, see Flexible Pension Builder Rider.

Standard Death Benefit

The standard death benefit is automatically included at no additional cost with your Contract if you do not elect one of the optional death benefit riders. The standard death benefit is equal to your accumulated value on the date we receive proof of death and all required documents.

If you are purchasing the Pivot Series Variable Annuity as an Individual Retirement Annuity (IRA), as defined in Internal Revenue Code Sections 408(b)(k)(p) and 408A, election of the Return of Premium Death Benefit or the Annual Step-Up Death Benefit may be required by certain broker dealers. There is a charge for the additional death benefit that is deducted each calendar quarter.

Optional Death Benefit Riders

For applications signed before April 6, 2017, two optional death benefit riders were available as long as the oldest owner (or oldest annuitant if non-natural owner) was younger than age 71. For applications signed on or after April 6, 2017, two optional death benefit riders are available as long as the oldest owner (or oldest annuitant if non-natural owner) is younger than age 80. The two optional death benefit riders are the Return of Premium Death Benefit Rider and the Annual Step-Up Death Benefit Rider. You may elect only one optional death benefit rider and this election is only available when you purchase the Contract. We reserve the right, in our sole discretion, to allow Contract owners to add a rider after issue and reserve the right to restrict the investment options available in one or both of these optional death benefit riders. If we exercise one or both of these rights, we will give written notice and our offer will not be unfairly discriminatory. There is an additional charge for the optional death benefit riders. See the table at the beginning of this section.

NOTE: If you do not elect one of the optional death benefit riders, the Standard Death Benefit will apply. If you are purchasing the Pivot Series Variable Annuity as an Individual Retirement Annuity (IRA), as defined in Internal Revenue Code Sections 408(b)(k)(p) and 408A, election of the Return of Premium Death Benefit or the Annual Step-Up Death Benefit may be required by certain broker dealers. There is a charge for the additional death benefit that is deducted each calendar quarter.

When available, an optional death benefit rider can only be elected at the time the Contract is issued.

If you elect one of the optional death benefit riders, the rider will terminate on the earliest of the following:

1. the date we receive your request in good order to cancel it in our office (you may terminate this rider at any time); or

2. the death of the owner; or

3. the date the Contract owner is changed (unless changed to a non-natural owner); or

4. the date the Contract accumulated value reduces to zero.

Once the optional death benefit rider you elected is terminated, it cannot be reinstated.

Return of Premium Death Benefit

The Return of Premium Death Benefit is an optional death benefit rider offered at the time of purchase. There is an additional charge for the optional Return of Premium Death Benefit rider. See the table at the beginning of this section for more information.

If you elected this rider, the death benefit amount is the greater of a or b, where:

a = the accumulated value on the date we receive proof of death and all required documents; and

b = the total of premium payments minus an adjustment for each partial surrender (and any applicable surrender charges and fees) and minus an adjustment for each partial annuitization made prior to the date we receive proof of death and all required documents.

NOTE: If an amount is transferred from the Flexible Pension Builder Rider back to the accumulated value (as described in Flexible Pension Builder Rider in this section, this amount will impact the above death benefit similar to premium payments.

The adjustment for each partial surrender (and any applicable surrender charges and fees) and for each partial annuitization made prior to the date we receive proof of death and all required documents is equal to (x divided by y) multiplied by z, where:

x = the amount of the partial surrender (and any applicable surrender charges and fees) or the amount of the partial annuitization; and

y = the accumulated value immediately prior to the partial surrender or partial annuitization; and

z = the amount determined in b above immediately prior to the partial surrender or partial annuitization.

Example: Your accumulated value is $10,000 and you take a partial surrender of $2,000 (20% of your accumulated value). For purposes of calculating the death benefit, we reduce the amount determined in b above by 20%.

Annual Step-Up Death Benefit

The Annual Step-Up Death Benefit is an optional death benefit rider offered at the time of Contract issue. There is an additional charge for the optional Annual Step-Up Death Benefit rider. See the table at the beginning of this section for more information.

If you elected this rider, the death benefit amount is the greatest of a, b or c, where:

a = the accumulated value on the date we receive proof of death and all required documents;

c = the highest accumulated value on any Contract anniversary prior to the Lock-In Date plus any premium payments since that Contract anniversary and minus an adjustment for each partial surrender (and any applicable surrender charges and fees) and minus an adjustment for each partial annuitization made after that Contract anniversary.

For applications signed before April 6, 2017, the Lock-In Date is the Contract anniversary following the oldest owner's 80th birthday (or annuitant, if non-natural owner).

For applications signed on or after April 6, 2017, the Lock-In Date is the later of the Contract anniversary following the oldest owner’s 80th birthday (or annuitant, if non-natural owner) or five years after the Contract issue date.

After the Lock-In Date, but prior to the annuitization date, the amount determined in c above will only be increased by any premium payments made since the Lock-In Date, and decreased by an adjustment for each partial surrender and/or partial annuitization made since the Lock-In Date.

x = the amount of the partial surrender (and any applicable surrender charges and fees) or the amount of the partial annuitization; and

y = the accumulated value immediately prior to the partial surrender or partial annuitization; and

z = the amounts determined in b or c above immediately prior to the partial surrender or partial annuitization.

Optional Return of Premium Death Benefit Example:

Contract Issue date = August 31

Initial premium payment = $100,000

On November 3 of same calendar year, partial surrender = $4,000

On November 3, assume the accumulated value prior to the partial surrender is $90,000

The Return of Premium Death Benefit on November 3 is the greatest of 1 or 2 below:

1. $86,000 = Accumulated Value ($90,000 - $4,000)

2. $95,555.56 = Return of Premium = (1 - $4,000/$90,000) * $100,000

Optional Annual Step-Up Death Benefit Example:

Contract Issue date = August 31

Initial premium payment = $100,000

Five years later:

Highest annual step-up = $120,000

On December 30, assume the accumulated value prior to the partial surrender is $110,000.

On December 30 of same calendar year, partial surrender = $4,000

The Annual Step-up Death Benefit on December 30 is the greatest of 1,2, and 3 below

1. $106,000 = Accumulated Value ($110,000-$4,000)

2. $96,363.64 = Return of Premium = (1 - $4,000/$110,000) * $100,000

3. $115,636.36 = Annual Step-up = (1 - $4,000/$110,000) * $120,000

Automatic Portfolio Rebalancing (APR)

For details about this benefit, see 8. GENERAL DESCRIPTION OF THE CONTRACT.

Scheduled Transfers (Dollar Cost Averaging)

For details about this benefit, see 8. GENERAL DESCRIPTION OF THE CONTRACT.

Waiver of Surrender Charge Rider

For details about this benefit, see 7. CHARGES.

Liquidity Max (not available for applications signed on or after April 6, 2017)

The current annual charge for this rider is 0.25% of the average daily net assets of the Separate Account divisions. We reserve the right to increase this charge to an annual maximum of 0.55% of the average daily net assets of the Separate Account divisions. We will provide prior written notice in the event that we decide to exercise our right to increase the annual charge for this rider.

If you have the Liquidity Max benefit and you make a full or partial surrender, there are no surrender charges for the amount(s) surrendered.

Benefits Available [Table Text Block]

Name of Benefit

Purpose

Is Benefit Standard or Optional

Maximum Fee

Current Fee

Brief Description of Restrictions/ Limitations

Flexible Pension Builder Rider (f/k/a Deferred Income Rider)

Allows owner to make deferred income transfers during accumulation phase to purchase future deferred income payments.

Standard when:

• Owner and annuitant are same; and

• Contract doesn’t have joint owners or joint annuitants; and

• For qualified contract, issue age is less than 67.

No Additional Fee

•Can’t make deferred income transfers until after second Contract anniversary.

•Minimum initial deferred transfer: $5,000.

•Minimum subsequent deferred transfer(s): $1,000.

•For other limitations, see Flexible Pension Builder Rider in this section.

Standard Death Benefit

Beneficiaries receive this death benefit upon death of owner if an optional death benefit was not purchased.

Standard

No Additional Fee

Withdrawals could significantly reduce the benefit.

Name of Benefit

Purpose

Is Benefit Standard or Optional

Maximum Fee

Current Fee

Brief Description of Restrictions/ Limitations

Return of Premium Death Benefit

For applications signed on or

after April 6, 2017

For applications signed before

April 6, 2017

Potential for larger death benefit than the standard death benefit

Optional

0.50%

(of the average quarterly accumulated value)

0.35%

(of the average quarterly accumulated value)

0.35%

(of the average quarterly accumulated value)

0.20%

(of the average quarterly accumulated value)

Certain age limitations apply. See Death Benefit in this section.

Annual Step-Up Death Benefit

For applications signed on or

after April 6, 2017

For applications signed before

April 6, 2017

Potential for larger death benefit than the standard death benefit

Optional

0.60%

(of the average quarterly accumulated value)

0.50%

(of the average quarterly accumulated value)

0.45%

(of the average quarterly accumulated value)

0.35%

(of the average quarterly accumulated value)

Certain age limitations apply. See Death Benefit in this section.

Automatic Portfolio Rebalancing

Allows you to maintain a specific percentage of your Separate Account division value in specified divisions over time.

Standard

No Additional Fee

Can be elected quarterly, semi-annually or annually.

Name of Benefit

Purpose

Is Benefit Standard or Optional

Maximum Fee

Current Fee

Brief Description of Restrictions/ Limitations

Dollar Cost Averaging

Allows for automatic scheduled transfers (at your direction) of specific amounts from any underlying mutual fund to any combination of underlying mutual funds at regular intervals.

Standard

No Additional Fee

•Transfer date cannot be on the 29th, 30th or 31st.

•Transfers must be monthly, quarterly, semi-annually or annually.

•You must provide us notice when you want to stop the scheduled transfers.

Waiver of Surrender Charge Rider

Waives surrender charges in the event of a critical need.

Standard

No Additional Fee

Following conditions must be met:

•Owner or Annuitant has “critical need” as defined in prospectus; and

•Critical need did not exist before contract date.

Benefits Description [Table Text Block]