ENDORSEMENT APPLICABLE TO
CREDITS APPLIED TO ANNUITY ACCOUNT VALUE
When issued with this Endorsement, this Certificate provides for an amount,
referred to as a "Credit," to be allocated to your Annuity Account Value on the
Transaction Date of each Contribution.
Credits
Each credit is a percentage of the Contribution to which it relates and is
allocated pro rata to the Investment Options in the same proportions as such
Contribution. The applicable Credit Percentage is determined from the following
table:
TOTAL NET CONTRIBUTIONS RECEIVED
--------------------------------
IN FIRST CONTRACT YEAR CREDIT PERCENTAGE
---------------------- -----------------
[Less than $250,000] [4%]
[$250,000 to $999,999.99] [5%]
[$1 million and greater] [6%]
If an Expected First Year Contribution Amount is indicated in the Data Pages
If an Expected First Year Contribution Amount is indicated in the Data
Pages, the amount indicated will be used initially to determine your
Credit Percentage from the above chart. If an additional Contribution
received during the First Contract Year brings the total of all first
year Contributions to a level that qualifies you for a higher Credit
Percentage, the higher Percentage will be applied to all Contributions,
and an adjustment for prior Credits will be made on the Transaction Date
of such additional Contribution. This amount will be allocated pro-rata
to your Investment Options based on your allocation percentages for such
additional Contribution. On the first Contract Anniversary Date, we will
review your actual First Year Total Net Contribution Amount (total
Contributions less total withdrawals, including withdrawal charges in
the first Contract Year) and compare that amount to the amount (your
Expected First Year Contribution Amount or, if greater, your total net
Contributions) that we had used to determine your Credit Percentage. If
the First Year Total Net Contribution Amount is less and would result in
a lower Credit Percentage based on the above table, we will adjust the
Credit Percentage and recover the difference from your Annuity Account
Value. We will do this on the first Contract Anniversary Date by
deducting an amount equal to the difference between the Credit
Percentage actually applied and the Credit Percentage that would have
applied based on your actual First Year Total Net Contribution Amount,
multiplied by the First Year Total Net Amount of Contributions.
If an Expected First Year Contribution Amount is not indicated in the Data Pages
If an Expected First Year Contribution Amount is not indicated in the
Data Pages, the amount of the initial Contribution will determine the
initial Credit Percentage. The Credit
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NO. 2000TRBNS
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percentage applied to each subsequent Contribution in the first Contract
Year is determined as of each Transaction Date based on your Total Net
Contributions as of that date and the above table. If an additional
Contribution received during the First Contract Year brings your First
Year Total Net Contributions to a level that qualifies you for a higher
Credit Percentage, the higher Percentage will be applied to all
Contributions, and an adjustment for prior Credits will be made on the
Transaction Date of such additional Contribution and allocated pro-rata
to your Investment Options based on the allocation percentages on the
Transaction Date of such additional contribution. The amount of such
adjustment will be equal to the difference in the Credit Percentages
multiplied by the total net Contributions to which the lower rate had
been applied. On the first Contract Anniversary Date we will review your
First Year Total Net Contribution Amount. If such First Year Total Net
Contribution Amount is less than your total Contributions (ignoring
withdrawals) and would result in a lower Credit Percentage based on the
above table, we will adjust the Credit Percentage and recover the
difference from your Annuity Account Value. We will do this on the first
Contract Anniversary Date by deducting an amount equal to the difference
between the Credit Percentage actually applied and the Credit Percentage
that would have applied based on your actual First Year Total Net
Contribution Amount.
The Credit Percentage applied to each Contribution after the first Contract Year
will be the Credit Percentage determined for the first Contract Year based on
the review described above.
NO. 2000TRBNS
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