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EXHIBIT 4(e)
KEMPER INVESTORS LIFE INSURANCE COMPANY
1 Kemper Drive, Long Grove, Illinois 60049-0001
QUALIFIED PLAN RIDER
This Rider forms a part of the Contract to which it is attached. The applicable
provisions of this Rider apply and take precedence over contrary provisions if
the Contract: a. is issued as a Code Section 403(b) Tax Sheltered Annuity ("Tax
Sheltered Annuity") to an individual; or b. is issued under a plan described in
Section 401(a) or 403(b) of the Code if subject to the requirements of the
Employee Retirement Income Security Act of 1974 ("ERISA Plans").
SECTION 1: PROVISIONS APPLICABLE TO A TAX SHELTERED ANNUTIY:
A. The Owner of the Contract is the Annuitant.
B. The rights of the Annuitant under the Contract are nonforfeitable.
C. The Contract is not transferable and cannot be: sold; assigned; discounted;
or pledged as collateral for a loan or security for the performance of an
obligation or for any other purpose to any person other than us.
D. The amount that may be contributed to this Contract will be governed by the
provisions of Sections 403(b), 415, and 402(g) of the Code.
E. In the case of benefits that accrued under this Contract after December 31,
1986, distribution must be: a. made in accordance with the minimum
distribution requirements of Section 403(b)(10) of the Code; and b. the
regulations thereunder.
F. Distributions attributable to salary reduction contributions received or
earnings credited after December 31, 1988 may be paid only when: a. the
employee attains age 59 1/2; b. separates from service; or c. dies or is
disabled. Notwithstanding the foregoing, contributions, but not earnings
thereon, may be distributed in the case of hardship within the meaning of
Code Section 403(b)(11)(B).
G. If the Annuitant receives an eligible rollover distribution and elects to
have the distribution paid directly to an eligible retirement plan (as
defined in Section 402( c ) of the Code) and specifies the eligible
retirement plan to which the distribution is to be paid, then the
distribution will be paid to that eligible retirement plan in a direct
rollover.
H. We will not be responsible for the timing, purpose or propriety of any
distribution. We will not incur any liability or responsibility of any tax
imposed on account of any such distribution. We are not obligated to make any
distribution absent a specific written direction in accordance with the
provisions of the Contract.
SECTION 2. PROVISIONS APPLICABLE TO ERISA PLANS:
At any time prior to the Annuity Date, an ERISA loan may be requested.
One-half of the Contract will be assigned as security for such a loan. The
maximum ERISA loan amount available is the lesser of: a. $50,000 (reduced by
the excess of the highest outstanding loan balance of all loans during the
prior 12 month period ending on the day before the loan is made over any loan
amount outstanding on the date the loan is made); or b. fifty percent of the
Contract Value less Debt. The minimum ERISA loan amount available is $1,000.
We may defer the granting of an ERISA loan for six months from the date of
our receipt of a written loan request.
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L-8621 Page 2
SECTION 3. PROVISIONS APPLICABLE TO ALL LOANS
A. Definitions:
CONTRACT VALUE is the sum of the Fixed Account Contract Value, the Loan
Value, the Separate Account Contract Value, and the Guarantee Period Value.
DEBT is the principal of any outstanding loan plus loan interest due or
accrued.
LOAN VALUE is the outstanding loan amount plus interest credited.
B. When a loan is taken, an amount equal to the loan will be transferred from
Fixed Account Contract Value, the Separate Account Contract Value, and the
Guarantee Period Value to the loan account. Unless you tell us otherwise,
the loan will proportionately reduce the amount allocated to the Fixed
Account, the Separate Account, and the Guarantee Periods.
C. The amount of Debt will reduce the amount payable upon death or surrender
or the amount that may be applied under an annuity option.
D. While a loan is outstanding, the Loan Value will be credited with interest
at a rate equal to the rate charged on Debt less a deduction not to exceed
2.5%.
E. A loan may be repaid in full or in part at any time prior to the Annuity
Date.
F. Should the Debt equal or exceed the Contract Value, this Contract will
terminate thirty-one days after we mail a notice of termination to your
last known address. The Debt will be treated as a withdrawal. Notice of
termination may be sent upon occurrence of an event outlined in Section 1
(F).
G. The Owner must sign a loan agreement in the form prescribed by us to be
eligible for a loan. The interest rate and any service fees charged on a
loan will be as stated in the loan agreement. The loan will also be subject
to the terms of the agreement to the extent not inconsistent with this
rider.
H. All Debt must be repaid prior to the transfer of any amounts to another
contract.
I. Failure to make timely repayment of Debt will result in a taxable
distribution and possible tax penalties.
Signed for Kemper Investors Life Insurance Company at its home office in Long
Grove, Illinois.
/s/ /s/
Secretary President
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KEMPER INVESTORS LIFE INSURANCE COMPANY
1 Kemper Drive, Long Grove, Illinois 60049-0001
QUALIFIED PLAN RIDER
This Rider forms a part of the Certificate to which it is attached. The
applicable provisions of this Rider apply and take precedence over contrary
provisions if the Certificate: a. is issued as a Code Section 403(b) Tax
Sheltered Annuity ("Tax Sheltered Annuity") to an individual; or b. is issued
under a plan described in Section 401(a) or 403(b) of the Code if subject to the
requirements of the Employee Retirement Income Security Act of 1974 ("ERISA
Plans").
SECTION 1: PROVISIONS APPLICABLE TO A TAX SHELTERED ANNUTIY:
A. The Certificate Owner is the Annuitant.
B. The rights of the Annuitant under the Certificate are nonforfeitable.
C. The Certificate is not transferable and cannot be: sold; assigned;
discounted; or pledged as collateral for a loan or security for the
performance of an obligation or for any other purpose to any person other
than us.
D. The amount that may be contributed to this Certificate will be governed by
the provisions of Sections 403(b), 415, and 402(g) of the Code.
E. In the case of benefits that accrued under this Certificate after December
31, 1986, distribution must be: a. made in accordance with the minimum
distribution requirements of Section 403(b)(10) of the Code; and b. the
regulations thereunder.
F. Distributions attributable to salary reduction contributions received or
earnings credited after December 31, 1988 may be paid only when: a. the
employee attains age 59 1/2; b. separates from service; or c. dies or is
disabled. Notwithstanding the foregoing, contributions, but not earnings
thereon, may be distributed in the case of hardship within the meaning of
Code Section 403(b)(11)(B).
G. If the Annuitant receives an eligible rollover distribution and elects to
have the distribution paid directly to an eligible retirement plan (as
defined in Section 402( c ) of the Code) and specifies the eligible
retirement plan to which the distribution is to be paid, then the
distribution will be paid to that eligible retirement plan in a direct
rollover.
H. We will not be responsible for the timing, purpose or propriety of any
distribution. We will not incur any liability or responsibility of any tax
imposed on account of any such distribution. We are not obligated to make
any distribution absent a specific written direction in accordance with the
provisions of the Certificate.
SECTION 2. PROVISIONS APPLICABLE TO ERISA PLANS:
At any time prior to the Annuity Date, an ERISA loan may be requested.
One-half of the Certificate will be assigned as security for such a loan.
The maximum ERISA loan amount available is the lesser of: a. $50,000
(reduced by the excess of the highest outstanding loan balance of all loans
during the prior 12 month period ending on the day before the loan is made
over any loan amount outstanding on the date the loan is made); or b. fifty
percent of the Certificate Value less Debt. The minimum ERISA loan amount
available is $1,000. We may defer the granting of an ERISA loan for six
months from the date of our receipt of a written loan request.
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SECTION 3. PROVISIONS APPLICABLE TO ALL LOANS
A. Definitions:
CERTIFICATE VALUE is the sum of the Fixed Account Certificate Value, the
Loan Value, the Separate Account Certificate Value, and the Guarantee
Period Value.
DEBT is the principal of any outstanding loan plus loan interest due or
accrued.
LOAN VALUE is the outstanding loan amount plus interest credited.
B. When a loan is taken, an amount equal to the loan will be transferred from
the Fixed Account Certificate Value, the Separate Account Certificate
Value, and the Guarantee Period Value to the loan account. Unless you tell
us otherwise, the loan will proportionately reduce the amount allocated to
the Fixed Account, the Separate Account, and the Guarantee Periods.
C. The amount of Debt will reduce the amount payable upon death or surrender
or the amount that may be applied under an annuity option.
D. While a loan is outstanding, the Loan Value will be credited with interest
at a rate equal to the rate charged on Debt less a deduction not to exceed
2.5%.
E. A loan may be repaid in full or in part at any time prior to the Annuity
Date.
F. Should the Debt equal or exceed the Certificate Value, this Certificate
will terminate thirty-one days after we mail a notice of termination to
your last known address. The Debt will be treated as a withdrawal. Notice
of termination may be sent upon occurrence of an event outlined in Section
1 (F).
G. The Certificate Owner must sign a loan agreement in the form prescribed by
us to be eligible for a loan. The interest rate and any service fees
charged on a loan will be as stated in the loan agreement. The loan will
also be subject to the terms of the agreement to the extent not
inconsistent with this rider.
H. All Debt must be repaid prior to the transfer of any amounts to another
contract.
I. Failure to make timely repayment of Debt will result in a taxable
distribution and possible tax penalties.
Signed for Kemper Investors Life Insurance Company at its home office in Long
Grove, Illinois.
/s/ /s/
Secretary President
